Taoping Inc (TAOP)

Taoping Inc. announced significant leadership changes, eliminating the positions of President and Chief Marketing Officer following the resignations of Zhiqiang Zhao and Huan Li. The company stated these resignations were not due to any disagreements. Additionally, Bin Ma, the Co-Chief Executive Officer, has been appointed to the board of directors to fill the vacancy.

Taoping Inc., through its subsidiary Skyladder Technology, has launched an elevator maintenance insurance pilot program in Tianjin, China, in collaboration with the People’s Insurance Company of China Property and Casualty Company Limited. This program aims to integrate real-time monitoring, maintenance, and insurance into a single service model to reduce long-term elevator operating costs by 20%. The initiative seeks to improve elevator safety and simplify service for customers by coordinating stakeholders and utilizing Taoping’s cloud-based Smart City IoT platforms.

Taoping Inc. has launched a new smart elevator insurance pilot program through its subsidiary Skyladder Technology, in collaboration with PICC P&C. This program integrates real-time monitoring, maintenance, and risk protection for elevators, aiming to reduce long-term operating costs by 20% and improve safety. The initiative utilizes Taoping's smart elevator technology and standardized service platform, with a focus on expanding across Tianjin's large elevator market.

Taoping Inc., through its subsidiary Skyladder Technology, has initiated an elevator maintenance insurance pilot program in Tianjin, China, in collaboration with the People’s Insurance Company of China Property and Casualty Company Limited. This program aims to integrate real-time monitoring, maintenance, and insurance into a single service, potentially reducing long-term elevator operating costs by 20%. The initiative leverages Taoping's technology platform for monitoring and maintenance record-keeping, combining it with PICC P&C's customer network to enhance elevator safety and simplify services for customers.

Taoping's subsidiary, Skyladder Technology, has partnered with PICC P&C in Tianjin to initiate an elevator maintenance insurance pilot program. This program integrates real-time monitoring, maintenance, and insurance, aiming to cut elevator operating costs by 20% and enhance safety. The initiative focuses on Tianjin's extensive elevator network and plans for broader market expansion.