Taoping Sees High Engagement With Elevator Program in China

Taoping Inc. recently announced the company has achieved a record high user engagement level with its smart elevator program in Tianjin, China: The program now covers more than 8,000 elevators, reaching an estimated 7% local market share in Tianjin that includes residential, office and government buildings. Users include the Binhai New Area government, Xiyingmen Sub-district Office Building, Binhai New Area Financial Media Center, Tianjin Municipal Engineering Design and Research Institute, Tianjin Binhai One Hotel, Nankai University, Tianjin Eye Hospital and more. Relying on IoT, big data, and other technologies, Taoping’s smart elevator program integrates software and hardware with its cloud platform for on-demand, elevator/escalator maintenance. By monitoring and processing elevator operation status and data in real-time, the proprietary system helps maintenance departments optimize repairs, upgrades and preventative maintenance schedules. Taoping is executing the program in Tianjin as part of its strategic cooperation agreement with Shenzhen Zhihui Yunti IoT Co., Ltd. The company plans to further leverage Taoping Alliance national sales networks and its proven track record in Tianjin City to drive expanded use of the application throughout China. As a result, the program is expected to be another catalyst for Taoping’s future cloud service revenue growth.