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SHENZHEN, July 30, 2021 (GLOBE NEWSWIRE) — Taoping Inc. (NASDAQ: TAOP, the “Firm” or “TAOP”), a supplier of blockchain know-how and good cloud companies, declares right this moment that it has entered right into a strategic cooperation settlement (the “Settlement”) with Shenzhen IntelStrat Expertise Co., Ltd. (“IntelStrat”).
Established in 2016, IntelStrat is a blockchain know-how service firm that gives complete enterprise-class blockchain options to companies and organizations. Its present companies embody distributed storage, knowledge middle infrastructure, and digital transformation. Thus far, IntelStrat has offered skilled blockchain adoption options for greater than 100 enterprises and establishments and offered blockchain adoption consulting companies for greater than 300 enterprises and establishments.
Pursuant to the Settlement, which has a time period of three years, TAOP and IntelStrat will search in-depth collaboration in three features:
Collectively set up an information service middle based mostly on distributed storage for cloud desktop, cloud rendering, cloud gaming, and synthetic intelligence service enterprise.
Collectively broaden market share in enterprise blockchain adoption by making use of IntelStrat’s blockchain know-how to TAOP’s present areas for potential enterprise blockchain adoption.
Collectively set up a blockchain {industry} fund and actively discover and spend money on rising blockchain corporations to advertise the applying of blockchain know-how in additional industries.
“We imagine blockchain know-how can present an answer to corporations going through challenges of safety and real-time connectedness, ” mentioned Mr. Jianghuai Lin, Chairman and CEO of TAOP. “By cooperating with companions like IntelStrat, we’ll be capable to clear up extra real-world enterprise issues and convey industry-leading options to our clients.”
About Taoping Inc.
Taoping Inc. (TAOP) is an built-in group of know-how and monetary corporations with enterprise in Mainland China, Hong Kong, and different abroad international locations. Counting on its distinctive strengths in cloud know-how and chip provide chain, TAOP offers options and cloud companies to industries corresponding to movie and tv manufacturing, training, new media, synthetic intelligence and asset administration. The Firm is devoted to the analysis and software of blockchain know-how in addition to funding and administration of economic belongings at dwelling and overseas. To study extra, please go to http://www.taop.com/.
Secure Harbor Assertion
This press launch might comprise sure “forward-looking statements” regarding the enterprise of Taoping Inc., and its subsidiaries and different consolidated entities. All statements, apart from statements of historic reality included herein, are “forward-looking statements” in nature throughout the which means of the Personal Securities Litigation Reform Act of 1995. These forward-looking statements, typically recognized by means of forward-looking terminologies corresponding to “believes”, “expects” or related expressions, contain recognized and unknown dangers and uncertainties. Though the Firm believes that the expectations mirrored in these forward-looking statements are affordable, they do contain assumptions, dangers and uncertainties, and these expectations might show to be incorrect. Traders shouldn’t place undue reliance on these forward-looking statements, which communicate solely as of the date of this press launch. The Firm’s precise outcomes may differ materially from these anticipated in these forward-looking statements because of a wide range of elements, together with these mentioned within the Firm’s periodic stories which can be filed with the Securities and Change Fee and obtainable on its web site (http://www.sec.gov). All forward-looking statements attributable to the Firm and its subsidiaries and different consolidated entities or individuals performing on their behalf are expressly certified of their entirety by these elements. Apart from as required beneath the securities legal guidelines, the Firm doesn’t assume an obligation to replace these forward-looking statements.
For additional info, please contact:
Taoping Inc.Chang QiuE-mail: chang_qiu@taoping.cn http://www.taop.com/or
Dragon Gate Funding Companions LLCTel: +1(646)-801-2803E-mail: taop@dgipl.com
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