Taoping Inc. Unveils New Corporate Headquarters and Major Contracts to Propel Growth

In a significant announcement, Taoping Inc. (Nasdaq: TAOP), a leading provider of smart cloud platform services, revealed two key strategic milestones that highlight its accelerating growth trajectory. The company has officially relocated its corporate headquarters to a prominent new site in Tianjin, China, and has secured contracts worth $2 million for smart elevator modernization.

This strategic move to establish its headquarters in the Tiankai Higher Education Park, located at the 21st floor of Building 3, Tianjin Science and Technology Plaza, is aimed at reinforcing Taoping's operational foundations. The new location is pivotal as it enhances access to critical innovation resources, allowing Taoping to be closer to key partners and customers. Despite this move, the company will maintain its active presence in Shenzhen, where it operates as a southern headquarters and an innovation hub.

Anchoring this relocation are the newly secured contracts for the renewal of smart elevators, valued at $2 million. These contracts were awarded to Taoping’s recently acquired subsidiary, Skyladder (Tianjin) Technology Development Co., Ltd. The company expects to recognize the full value of these contracts as revenue in the first quarter of 2026, providing clear visibility into its near-term financial performance.

The elevator modernization market in China presents a substantial and rapidly expanding opportunity. Recent data from the State Administration for Market Regulation indicates that approximately 12 million elevators are currently in operation within the country. Alarmingly, nearly 10% of these elevators have been in service for more than 15 years, and the government has recognized the need for large-scale renewal of aging elevators as a national priority. This initiative is further supported by recent government policies that emphasize equipment renewal and consumer goods trade-in.

In response to these challenges, Taoping has developed a technology-driven business model that leverages data and AI to address long-standing industry pain points. Moving past traditional equipment upgrades, Taoping harnesses advanced technologies such as deep IoT perception, allowing for real-time data collection through intelligent sensors positioned in elevators. By integrating its proprietary platforms, the company provides a comprehensive life-cycle smart service system. This not only enhances safety and efficiency but also significantly boosts operational intelligence, setting Taoping apart from its competitors.

Mr. Jianghuai Lin, the Chairman and CEO of Taoping, shared his enthusiasm about entering 2026 in a robust growth position. He noted that the Chinese elevator industry is poised for a dual-growth cycle due to the simultaneous demand for large-scale renewals and comprehensive intelligence upgrades. He emphasized that the synergy between Taoping’s smart service capabilities and its platform resources significantly strengthens its strategic position within the smart elevator market.

Looking forward, Taoping aims to further promote its integrated operations and maintenance model. The company is committed to leveraging its proven success in key cities nationwide, enabling it to deliver sustainable long-term value to its shareholders.

In addition to these growth initiatives, Taoping Inc. has a long-standing reputation for successfully utilizing technology to develop innovative solutions for both public and private sectors. Its extensive city partner ecosystem aligns with a diverse portfolio of high-traffic areas for its products, which are effectively supported by Taoping's smart cloud platform and artificial intelligence capabilities.

For more information, visit Taoping's official website and stay updated with the latest developments as the company continues its journey towards making substantial impacts in the smart infrastructure domain.