Taoping Signs 3-Year Cooperation Deal With ZhongShengShi [MarketWatch]
Taoping Inc. - Ordinary Shares (TAOP)
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Source: MarketWatch
The company expects the deal to generate more than $14 million for Taoping over the term of the agreement. The two companies will jointly promote the accelerated adoption of Taoping's new smart rest station and large screen display products across China. Taoping and ZhongShengShi will work together to drive penetration of Taoping's new smart rest stations at high-tech industrial parks, manufacturing bases and other high traffic areas nationwide. Taoping signed a similar three-year strategic cooperation agreement with Shenzhen Qianhai DoWatch Technology Co., on Nov. 9, to jointly expand Taoping's smart rest stations to national tourist attractions and other areas. Taoping shares were up 18% to 77 cents in premarket trading. Write to Chris Wack at chris.wack@wsj.com
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