Taoping Signs $2M Smart Elevator Contracts and Relocates Headquarters to Tianjin
Taoping announced two significant strategic milestones: the establishment of a new corporate headquarters and the signing of $2M in smart elevator renewal contracts. Taoping has officially relocated its corporate headquarters to a more strategic location in Tianjin, China. The new headquarters is situated in the Tiankai Higher Education Park on the 21st floor of Building 3, Tianjin Science and Technology Plaza, Keyan West Road, Nankai District, Tianjin. Anchoring this relocation are the newly secured smart elevator renewal contracts valued at US$2 million, awarded to Taoping's newly acquired subsidiary, Skyladder Technology Development. The Company expects to complete the project and recognize the full contract value as revenue in the first quarter of 2026.
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Taoping Inc. Relocates Headquarters and Secures $2 Million Elevator Renewal Contracts
- Headquarters Relocation: Taoping Inc. has officially relocated its headquarters to the Tiankai Higher Education Park in Tianjin, enhancing access to innovation resources and strengthening its operational foundation while positioning the company closer to key partners and stakeholders.
- Contract Signing: The company secured $2 million in smart elevator renewal contracts through its newly acquired subsidiary, which is expected to recognize full contract revenue in Q1 2026, providing near-term revenue visibility and reinforcing execution strength.
- Market Opportunity: China's elevator modernization market is rapidly expanding, with approximately 12 million elevators in operation, nearly 10% of which have been in service for over 15 years, allowing Taoping to capitalize on this renewal demand supported by favorable government policies.
- Technology-Driven: Taoping leverages deep IoT perception and AI-driven decision-making to offer a comprehensive full life-cycle smart service system that enhances safety and efficiency, creating a clear competitive advantage in a highly competitive market.
Taoping Inc. Relocates Headquarters and Secures $2 Million Elevator Renewal Contracts
- Headquarters Relocation: Taoping Inc. has officially relocated its headquarters to the Tiankai Higher Education Park in Tianjin, enhancing its access to innovation resources and operational foundation while positioning itself closer to key partners and stakeholders.
- Contract Signing: The company secured $2 million in smart elevator renewal contracts through its newly acquired subsidiary, with expectations to complete the project and recognize revenue in Q1 2026, providing near-term revenue visibility.
- Market Opportunity: China's elevator modernization market is rapidly expanding, with approximately 12 million elevators in operation, nearly 10% of which have been in service for over 15 years, positioning Taoping to capitalize on this renewal demand supported by favorable government policies.
- Technology-Driven: By leveraging deep IoT perception and AI decision-making technologies, Taoping delivers a comprehensive full life-cycle smart service system that enhances safety and efficiency, creating a clear competitive advantage in the smart elevator sector.
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Taoping Enters Agreement to Acquire Alphalion Holding, Enhancing AI-Powered Digital Ecosystem
Acquisition Announcement: Taoping Inc. has signed a non-binding Letter of Intent to acquire 100% of Alphalion Holding Limited, pending due diligence and agreement on terms, with a completion deadline of October 31, 2026.
Strategic Expansion: This acquisition aims to enhance Taoping's AI-driven digital ecosystem, strengthen its technological infrastructure, and expand its capabilities in robotics and AI applications, aligning with global technology trends.
Taoping Rises 20% in Premarket Trading Due to Acquisition Interest in Alphalion Holding
Acquisition Intent: Taoping (NASDAQ: TAOP) has signed a non-binding letter of intent to acquire 100% equity interests in Alphalion Holding from its shareholders.
Transaction Details: The purchase price and payment method will be determined in a definitive agreement after due diligence, with the LOI set to expire if the deal is not completed by October 31, 2026.
Taoping Targets FY26 Sales of Approximately US$27 Million from Smart Agriculture
Company Expansion Plans: Taoping Inc. aims for annual sales of approximately RMB 200 million (US$27 million) in 2026 through an expanded partnership in smart agriculture with Mengla County Agricultural Reclamation Group, increasing planting area from 75 to 500 acres and creating thousands of jobs using advanced technologies.
Strategic Partnership Success: The collaboration has already shown strong results, with successful trial vegetable crops leading to additional land lease agreements, positioning Taoping for accelerated revenue growth in the agricultural sector.
Taoping Inc. Relocates Headquarters and Secures $2 Million Elevator Renewal Contracts
- Headquarters Relocation: Taoping Inc. has officially relocated its headquarters to the Tiankai Higher Education Park in Tianjin, enhancing access to innovation resources and strengthening its operational foundation while positioning the company closer to key partners and stakeholders.
- Contract Signing: The company secured $2 million in smart elevator renewal contracts through its newly acquired subsidiary, which is expected to recognize full contract revenue in Q1 2026, providing near-term revenue visibility and reinforcing execution strength.
- Market Opportunity: China's elevator modernization market is rapidly expanding, with approximately 12 million elevators in operation, nearly 10% of which have been in service for over 15 years, allowing Taoping to capitalize on this renewal demand supported by favorable government policies.
- Technology-Driven: Taoping leverages deep IoT perception and AI-driven decision-making to offer a comprehensive full life-cycle smart service system that enhances safety and efficiency, creating a clear competitive advantage in a highly competitive market.
Taoping Inc. Relocates Headquarters and Secures $2 Million Elevator Renewal Contracts
- Headquarters Relocation: Taoping Inc. has officially relocated its headquarters to the Tiankai Higher Education Park in Tianjin, enhancing its access to innovation resources and operational foundation while positioning itself closer to key partners and stakeholders.
- Contract Signing: The company secured $2 million in smart elevator renewal contracts through its newly acquired subsidiary, with expectations to complete the project and recognize revenue in Q1 2026, providing near-term revenue visibility.
- Market Opportunity: China's elevator modernization market is rapidly expanding, with approximately 12 million elevators in operation, nearly 10% of which have been in service for over 15 years, positioning Taoping to capitalize on this renewal demand supported by favorable government policies.
- Technology-Driven: By leveraging deep IoT perception and AI decision-making technologies, Taoping delivers a comprehensive full life-cycle smart service system that enhances safety and efficiency, creating a clear competitive advantage in the smart elevator sector.
MongoDB Shares Surge Over 22%; Check Out 20 Stocks Making Moves in Premarket Trading
MongoDB's Strong Performance: MongoDB Inc. shares surged 22.8% in pre-market trading after reporting third-quarter revenue of $628.31 million, exceeding analyst expectations, and raising its FY26 guidance.
Other Notable Gainers: Taoping Inc. saw a 64.5% increase after announcing an acquisition, while Fitell Corp. rose 37.6% following a repurchase program announcement.
Significant Losers: Janux Therapeutics Inc. experienced a 39.3% drop in pre-market trading after releasing updated interim data, while American Bitcoin Corp. fell 17% after a previous decline.
Market Overview: The article highlights various stocks moving in pre-market trading, showcasing both significant gainers and losers, reflecting market volatility.
Taoping Enters Agreement to Acquire Alphalion Holding, Enhancing AI-Powered Digital Ecosystem
Acquisition Announcement: Taoping Inc. has signed a non-binding Letter of Intent to acquire 100% of Alphalion Holding Limited, pending due diligence and agreement on terms, with a completion deadline of October 31, 2026.
Strategic Expansion: This acquisition aims to enhance Taoping's AI-driven digital ecosystem, strengthen its technological infrastructure, and expand its capabilities in robotics and AI applications, aligning with global technology trends.
Taoping Rises 20% in Premarket Trading Due to Acquisition Interest in Alphalion Holding
Acquisition Intent: Taoping (NASDAQ: TAOP) has signed a non-binding letter of intent to acquire 100% equity interests in Alphalion Holding from its shareholders.
Transaction Details: The purchase price and payment method will be determined in a definitive agreement after due diligence, with the LOI set to expire if the deal is not completed by October 31, 2026.
Taoping Targets FY26 Sales of Approximately US$27 Million from Smart Agriculture
Company Expansion Plans: Taoping Inc. aims for annual sales of approximately RMB 200 million (US$27 million) in 2026 through an expanded partnership in smart agriculture with Mengla County Agricultural Reclamation Group, increasing planting area from 75 to 500 acres and creating thousands of jobs using advanced technologies.
Strategic Partnership Success: The collaboration has already shown strong results, with successful trial vegetable crops leading to additional land lease agreements, positioning Taoping for accelerated revenue growth in the agricultural sector.
