SHENZHEN, China, May 1, 2023 /PRNewswire/ — Taoping Inc. (NASDAQ:TAOP, the “, Company”, or “, Taoping”, )), today announced that it won an RMB 11.1 million (approximately US$1.6 million) contract from Beijing Huida Dianjian Technology Co., Ltd. (“Huida”). Under the agreement, Taoping will supply its innovative Smart Rest Stations, autonomous street sweepers, and other related products and services. Initial deliveries are expected to commence over the next few weeks, with the full order being completed over the coming quarters.
This latest contract win opens a new regional market for Taoping and further demonstrates the revenue potential for the Company’s innovative Smart Rest Station products and services. The contract is structured along the same lines as earlier agreements for Taoping’s next-generation Smart Rest Station, integrated with its fully autonomous street sweepers, as well as supporting servers, logistics, installation, and commissioning services. Huida is a Beijing-based high-tech company engaged in computer system and industrial automation development and applications.
Mr. Lin Jianghuai, Chairman and CEO …
