TAOP Signs Exclusive Strategic Cooperation and Joint Operation Agreement with Ordos Blockchain Cloud Computing Technology Co....
April 13 2021 - 8:00AM
Taoping Inc. (NASDAQ: TAOP, the “Company”), a provider of
Internet-based smart display screens, and a new-media ecosystem
that enables targeted advertising and online retail, announces
today that it has entered into exclusive strategic cooperation and
joint operation agreement with Ordos Blockchain Cloud Computing
Technology Co., Ltd. (“Chain Cloud Technology”), a cloud service
provider located in Ordos, Inner Mongolia, China, to jointly
establish and operate a GPU cloud computing power trading platform,
and strive to make it a successful model for Ordos City Industrial
Park for Cloud Computing.
Established in 2017, Chain Cloud Technology
provides various custom services, including hardware procurement,
server leasing, data center hosting, and daily operations &
maintenance. Chain Cloud Technology manages over 100,000 servers
and its data rooms have an energy consumption quota of 60,000
kVA.
Pursuant to the exclusive strategic cooperation
and joint operation agreement, TAOP will invest and deploy 10,000
GPU cloud servers and corresponding data cabinets in several phases
with Chain Cloud Technology to provide Taoping’s smart cloud
services: cloud desktop, cloud rendering, cloud gaming, artificial
intelligence, digital assets and other blockchain applications.
Both parties will jointly build and operate a GPU cloud (“Taoping G
Cloud”) computing power trading platform, and Chain Cloud
Technology will ensure most efficient and cost-effective operation,
maintenance and power services for Taoping G Cloud.
Last month, TAOP signed agreement with Shanghai
Guanghua Education to collaborate in cloud desktop and digital
education. Taoping G Cloud is planned to provide cloud desktop and
digital education services initially to over 10,000 students and
faculties of Guanghua Schools, and further to roll out nationally
in China with implementations at Guanghua Schools as a benchmark
and demonstration base. Taoping G Cloud is also planned to serve
Taoping’s Blockchain and Digital Assets Business Division and other
3rd parties with stable and sustained computing power. Furthermore,
Taoping G Cloud will expand in China cloud desktop, cloud
rendering, cloud gaming, and artificial intelligence services based
on the advanced technologies of Render Lake upon the closing of the
announced acquisition of Render Lake Tech Ltd.
“High-performance GPU servers and Taoping G
Cloud are critical components of Taoping’s growth strategy for our
Digital Culture Business Division, our Blockchain and Digital Asset
Business Division, and our NFT Business Division,” said Mr.
Jianghuai Lin, the Chairman and CEO of TAOP. “We believe the
cooperation with Chain Cloud Technology in jointly operating
Taoping G Cloud will give TAOP competitive advantages in achieving
both sustained growth and scalable expansion of our smart cloud
services and blockchain applications.”
About Taoping Inc.
Taoping Inc. (TAOP), is a leading provider of
smart display terminals and solutions for targeted advertising and
online retails. The Company provides the integrated end-to-end
digital advertising solutions enabling customers to distribute and
manage ads on cloud-based ad display screens. Connecting owners of
Taoping screens, advertisers and consumers, it builds up a resource
sharing "Smart IoT Screen Network- Taoping App - Taoping Go
(e-Store)" media ecosystem to ultimately achieve the mission "our
technology makes advertising and branding affordable and effective
for everyone." To learn more, please visit
http://www.taop.com/.
Safe Harbor Statement
This press release may contain certain
"forward-looking statements" relating to the business of Taoping
Inc., and its subsidiaries and other consolidated entities. All
statements, other than statements of historical fact included
herein, are "forward-looking statements" in nature within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements, often identified by the use of
forward-looking terminologies such as "believes", "expects" or
similar expressions, involve known and unknown risks and
uncertainties. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable, they
do involve assumptions, risks and uncertainties, and these
expectations may prove to be incorrect. Investors should not place
undue reliance on these forward-looking statements, which speak
only as of the date of this press release. The Company’s actual
results could differ materially from those anticipated in these
forward-looking statements as a result of a variety of factors,
including those discussed in the Company’s periodic reports that
are filed with the Securities and Exchange Commission and available
on its website (http://www.sec.gov). All forward-looking statements
attributable to the Company and its subsidiaries and other
consolidated entities or persons acting on their behalf are
expressly qualified in their entirety by these factors. Other than
as required under the securities laws, the Company does not assume
a duty to update these forward-looking statements.
For further information, please
contact:
Taoping Inc.Chang
QiuEmail: chang_qiu@taoping.cnhttp://www.taop.com/or
Dragon Gate Investment Partners
LLCTel: +1(646)-801-2803Email: taop@dgipl.com
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