Taoping Inc. (NASDAQ:TAOP) ("Taoping" or the "Company"), a provider of innovative cloud-based technologies, Smart City IoT platforms, and related products and services, today announced that its wholly owned subsidiary, Skyladder (Tianjin) Technology Development Co., Ltd. ("Skyladder Technology"), has secured approximately $5.2 million in new smart elevator project orders.
The new orders represent another important milestone in Taoping's "AI + elevator" growth strategy and further validate the Company's expanding role in China's elevator modernization and intelligent infrastructure market. The projects cover a broad range of high-demand use cases, including urban renewal, affordable housing, commercial housing, vocational education parks, emerging industrial bases, and science and education facilities.
Taoping believes these new orders strengthen its near-term revenue visibility while also creating valuable reference cases that can support broader market expansion with larger customers, property managers, local platforms, and public-sector-linked projects over time.