The first batch was signed simultaneouslyAI digital smart terminal sales contract
SHENZHEN, May 30, 2024/PRNewswire/ -- Taoping Co., Ltd. (NASDAQ: TAOP, “Taoping” or the “Company”) announced today that it has signed a strategic cooperation agreement with Zhenjiang Honeycomb Information Technology Co., Ltd. (“Zhenjiang Honeycomb Technology”) and simultaneously signed an AI digital smart terminal sales contract worth more than 1 million US dollars.
According to the contents of the cooperation agreement, Zhenjiang Honeycomb Technology will be Taoping's strategic partner within cities such as Zhenjiang, Changzhou, Yangzhou and Xuzhou in Jiangsu Province, focusing on expanding the product implementation and application of AI digital smart terminals and smart screens independently developed by Taoping in these regions. Xu Qiang, general manager of Zhenjiang Honeycomb Technology, said, “Currently, China's real estate industry has entered a cycle of deep adjustment, and the application of AI technology will change the ecology of the entire industry. As an industry insider who has been deeply involved in the real estate industry for more than 20 years, I am very optimistic about the application and development of AI technology in the real estate marketing field. With this cooperation with Taoping, we will give full play to our professional resource advantages and vigorously expand the implementation of AI digital smart terminals in the real estate industry.”
According to the purchase and sale contract signed at the same time, Zhenjiang Honeycomb Technology will also purchase AI digital smart terminals worth more than 1 million US dollars from Taoping. In response, Xu Qiang confessed, “We have cooperated on dozens of real estate projects in various cities in Jiangsu Province, and we have cooperated with nearly 1,000 real estate agencies. We will widely use these AI digital smart terminals purchased in various scenarios such as marketing centers and agency stores for various real estate properties.”
“We are very happy to partner with Zhenjiang Honeycomb Technology. In addition to providing AI digital smart terminal products, Taoping will also continue to provide AI technology services through a subscription model. We will assist our partners to accelerate the construction of new scenario applications such as AI+ interactive display and AI+ digital intelligent real estate marketing.” Mr. Lin Jianghuai, Chairman of the Board of Directors and CEO of Taoping, said, “In the current context of continuous breakthroughs in general artificial intelligence technology and gradual commercialization, the company will empower various AI+ scenarios through the self-developed Yunchao AI system, and I believe it will continue to bring more revenue to the company in the future. Next, we will accelerate the implementation of AI digital smart terminals in more scenarios in more regions across the country, and at the same time iteratively upgrade existing terminal equipment, and strive to take a leading position in the AI competition in the industry.”
About Zhenjiang Honeycomb Technology:
Zhenjiang Honeycomb Information Technology Co., Ltd. is a leading real estate marketing planning company in the Zhenjiang region. The company's core management has nearly 20 years of real estate marketing experience. The core team is all marketing elites who have been deeply involved in the real estate market for many years, and the internal and external talents are fully equipped. Since its establishment, the company has taken advantage of its professional resources to quickly expand its business to cities such as Changzhou, Yangzhou, and Xuzhou, while simultaneously promoting channel marketing, channel integration and self-development business. There are nearly 1,000 cooperative intermediary stores in Zhenjiang, Changzhou, Yangzhou and Xuzhou, and the self-development team is ahead of the market in data accumulation and transformation capabilities.