ALERT: Taoping Contract Revenue Value Jumps Nearly 100% in First Nine Months of 2023

SHENZHEN, China, Oct. 12, 2023 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), today reported a nearly 100% year-over-year increase in the Company's contract revenue value for its cloud-based product, software and advertising businesses in the first nine months of 2023. The Company entered into contracts totaling RMB 191 million (approximately US$26.55 million) during the first nine months of 2023, the revenues from which the Company expects to recognize within fiscal year 2023.