TAOP Signs Strategic Cooperation Agreement with Zionodes
Taoping Inc. - Ordinary Shares (TAOP)
Company Research
Source: GlobeNewswire
SHENZHEN, May 03, 2021 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the “Company”), a provider of Internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, announces today that it has entered into a strategic cooperation agreement with Singapore-based ZNDS Global Technology PTE. LTD. (“Zionodes”), a leading computing power trading platform for a 5-year term from May 1, 2021 to April 30, 2026. The two parties will work together to develop the GPU cloud computing market. Pursuant to the strategic cooperation agreement, TAOP plans to increase the supply of computing power to Zionodes in stages totaling at least $10 million. In the first stage, based on TAOP’s supply of computing power in its global data centers, Zionodes will purchase from TAOP general-purpose and high-performance GPU services with a value of not less than $1 million before September 30, 2021. “High-performance computing power is widely used for cl
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