TAOP - Taoping Signs Smart Terminal Contract Valued Over US$1 Million; Announces Strategic Cooperation to Accelerate Market Penetration | Benzinga
SHENZHEN, China, May 30, 2024 /PRNewswire/ -- Taoping Inc. (NASDAQ:TAOP, the ", Company", )), a developer of innovative smart cloud platform services and solutions, new media and artificial intelligence solutions, today announced receipt of a new AI-powered Smart Terminal contract valued over US$1 million. The Company concurrently entered a strategic cooperation agreement with Zhenjiang Fengchao Information Technology Co., Ltd. ("Zhenjiang Fengchao Technology" or "ZFT") to accelerate market penetration of Taoping's cutting-edge AI-powered Smart Terminals.
Taoping's recently launched enhanced AI-powered Smart Terminals leverage high-end video displays to seamlessly integrate AI technology. This facilitates rapid interaction, data collection, analysis, and more, thereby optimizing the user experience. Initially targeting advertisers, these enhanced terminals enable autonomous generation of diverse advertising content, including text-to-image, posters, and video ads. Such capability aligns with tailored promotional strategies, offering extensive customization options. Moreover, this functionality allows the terminals to engage audiences naturally and instantly, significantly enhancing the efficacy of advertising media within Taoping's ecosystem.
Under the strategic cooperation agreement, ZFT will assist Taoping in boosting sales of its upgraded AI-powered Smart Terminals. Initially, ZFT will concentrate its efforts on cities including Zhenjiang, Changzhou, Yangzhou, and Xuzhou in Jiangsu Province.
Mr. Xu Qiang, General Manager of ZFT, said: "With over 20 years of experience in the real estate sector, I am highly optimistic about the potential of AI technology in transforming real estate marketing. In our collaboration ...