Taoping May Contract Revenue Surges 52% YoY Led by Continued AI-based Business Growth
Led by growth of its cloud-based Smart City products and solutions, the addition of sales of the Company's new AI-powered Smart Terminals was also an important driver of the surge in May contract revenue. The Company anticipates that AI-based products will continue to expand and remain a key factor in driving revenue growth in 2024 and beyond.Mr. Lin Jianghuai, Chairman and CEO of Taoping, said: "The strong revenue growth continues to accelerate as we expand our AI-based products and respond to increasing customer demand. This acceleration in growth is driven by several key factors: our innovative technology, increasing overall market demand, and our competitive edge. Importantly, we provide an enhanced customer experience by integrating our extensive AI-enabled product portfolio, enabling us to deliver customized solutions and foster strong customer loyalty. 2024 has started on a high note, and we anticipate continuing this momentum as we move forward and gain further customer tractio