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Taoping Receives Nasdaq Minimum Bid Price Requirement Extension

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SHENZHEN, China, Dec. 20, 2024 /PRNewswire/ — Taoping Inc. (Nasdaq: TAOP, the “Company”), a provider of innovative smart cloud platform services and solutions, new media and artificial intelligence (AI) solutions, today announced that on December 19, 2024, it received notification from The Nasdaq Stock Market LLC (“Nasdaq”) confirming the Company has been granted an additional 180 calendar day period for compliance under its minimum bid price requirement through June 16, 2025.

To regain compliance with Nasdaq’s minimum bid price requirement set forth under Nasdaq Listing Rule 5810(c)(3)(A), the closing bid price of the Company’s ordinary shares needs to be at least US$1.00 per share or greater for at least ten consecutive business days by June 16, 2025.

The Company intends to monitor the closing bid price of the ordinary shares and may, if appropriate, consider implementing available options to regain compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). If the Company chooses to implement a reverse stock split, it must complete the split no later than ten business days prior to June 16, 2025 in order to regain compliance.

This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of the Notification Letter. The Notification Letter has no immediate effect on the listing of the Company’s ordinary shares, which will continue to trade uninterrupted on Nasdaq under the ticker “TAOP”.

About Taoping Inc.

Taoping Inc. (Nasdaq: TAOP) has a long history of successfully leveraging technology in the development of innovative solutions to help customers in both the private and public sectors to more effectively communicate and market to their desired targets. The Company has built a far-reaching city partner ecosystem and comprehensive portfolio of high-value, high-traffic areas for its products, which are aligned together with Taoping’s smart cloud platform, cloud services and solutions, new media and artificial intelligence. For more information about Taoping, please visit http://en.taop.com.  You can also follow us on X.

Safe Harbor Statement

This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, such as statements regarding our estimated future results of operations and financial position, our strategy and plans, and our objectives or goals, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: our potential inability to achieve or sustain profitability or reasonably predict our future results, the effects of the global Covid-19 pandemic or other health crisis, the emergence of additional competing technologies, changes in domestic and foreign laws, regulations and taxes, uncertainties related to China’s legal system and economic, political and social events in China, the volatility of the securities markets; and other risks including, but not limited to, those that we discussed or referred to in the Company’s disclosure documents filed with the U.S. Securities and Exchange Commission (the “SEC”) available on the SEC’s website at www.sec.gov, including the Company’s most recent Annual Report on Form 20-F as well as in our other reports filed or furnished from time to time with the SEC. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.

View original content:https://www.prnewswire.com/news-releases/taoping-receives-nasdaq-minimum-bid-price-requirement-extension-302336891.html

SOURCE Taoping Inc.

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BearCom Announces Transformative Acquisition of Stone Security

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Transaction to Enhance BearCom’s Physical Security Offering and Position Company as a Leading End-to-End Integrator of Advanced Voice, Security and Data Solutions

GARLAND, Texas and SALT LAKE CITY, Dec. 20, 2024 /PRNewswire/ — BearCom, a premier North American integrator of voice, security and data solutions, today announced the acquisition of Stone Security, a leading provider of enterprise class physical security products and services. Terms of the transaction were not disclosed.

The addition of Stone Security’s industry leading physical security expertise to BearCom’s existing security solutions portfolio further cements BearCom’s position as a leading end-to-end integrator of advanced voice, security and data solutions.

Founded in 2005, Stone Security is a trusted global security integrator with 12 offices across the United States, Mexico and Brazil. Stone Security designs and delivers comprehensive security systems that enhance the safety and efficiency of its expansive customer base. With its best-in-class suite of security solutions, Stone Security supports a diverse range of enterprise-level customers across multiple verticals, including educational institutions, municipalities, transportation, distribution centers and data centers.

“Stone Security has been a leader in security integration for almost two decades and I am thrilled to welcome them to the BearCom family. Their tremendous growth is a direct result of their ability to design and deliver highly technical security solutions, combined with high integrity, and a dedication to their customers and employees,” said Les Fry, CEO of BearCom. “Stone Security brings more than 225 highly trained, technically advanced team members and a geographical footprint that will further solidify our position as a trusted partner for our customers on business and mission-critical security matters.”

“BearCom is a clear leader in the communications industry, and we have long been impressed by their ability to integrate advanced solutions to solve the critical safety and security needs of their customers,” said Brent Edmunds, CEO of Stone Security. “We are looking forward to joining the BearCom family and working with Les and his team to expand our customer offerings and provide our high-level service at an even greater scale.”

BearCom’s acquisition of Stone Security marks the company’s second acquisition since Siris’ initial 2023 investment and is an important milestone as BearCom continues to expand its capabilities across the physical security space.

“The acquisition of Stone Security is transformational and highly complementary for BearCom,” said Dave Calamai, Managing Director at Siris. “By leveraging Stone Security’s leadership position in the video surveillance and access control space, BearCom can provide a unique, end-to-end security solution suite across the Americas. We are excited to partner with Stone Security’s founders to accelerate growth.”

“Stone Security’s commitment to providing high-quality, reliable security solutions and building customer trust will be invaluable as BearCom continues to build out its physical security offerings,” added Tom Echols, BearCom’s Vice President of Security Solutions. “We are excited to work with Stone Security during this next chapter of growth.”

Stone Security’s strong, loyal partnerships with Axis, LenelS2, Milestone and Wesco will continue to be an instrumental part of their business model. Additionally, Stone’s three operating founders, Brent Edmunds, Joey Edmunds and Aaron Simpson, will remain with the company and play a key role in shaping BearCom’s security strategy moving forward.

Finn Dixon & Herling LLP and Norton Rose Fulbright LLP served as legal advisors to BearCom. Buchalter PC served as legal advisor to Stone Security.

About BearCom

Founded in 1981, BearCom is Motorola’s largest Channel Partner in North America, and a leading provider and integrator of wireless voice, security and data solutions across the U.S. and Canada. BearCom is headquartered in Garland, Texas. www.bearcom.com

About Stone Security  

Stone Security is a provider of professional, enterprise class, physical security products and services. The terms that define the way Stone approaches the integration business are – open platform, industry leading and partnership driven. With these principles as a foundation, Stone has chosen products that deliver high functioning, integrated and flexible physical security systems. Stone currently manages full-time operations in twelve states across the U.S. as well as two countries in Latin America. www.stonesecurity.net

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SOURCE BearCom

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ITRI Partners With PTS to Create AI Sign Language Weather Broadcaster

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HSINCHU, Dec. 20, 2024 /PRNewswire/ — ITRI and Public Television Service (PTS) have announced a joint project on developing an AI sign language weather broadcaster. Through this collaboration, the AI sign language weather broadcaster is projected to go live as early as the second half of 2025. This partnership aims to increase the accessibility of weather information and enable deaf individuals to receive the latest warnings for natural disasters and other emergency incidents.

“Technology arises from human needs, and AI can play a key role in helping those in need,” said ITRI Chairman Tsung-Tsong Wu. “The collaboration between ITRI and PTS is a demonstration of inclusive technology that offers everyone equal opportunity to enjoy the benefits of AI. The AI sign language weather broadcaster is expected to compensate for the shortage of sign language interpreters and provide the deaf equitable access to information via mass media.”

Taiwan Broadcasting System and Taiwan Public Television Service (PTS) Foundation Chairperson Yuan-Hui Hu remarked that the PTS has been dedicated to producing sign language TV programs for the Deaf community and is actively leveraging technology to make the media environment more accessible to them. “Information equality is a fundamental value in modern society,” stated Hu. He hopes to help deaf individuals stay up to date during typhoons, earthquakes, and other emergencies through advanced communication technology.

ITRI Vice President and General Director of Information and Communications Research Laboratories Pang-An Ting remarked that ITRI began developing the AI sign language interpreter and building Taiwan’s sign language corpus in 2023. “Sign language is a visual language that conveys meaning through a combination of facial expressions and hand gestures. An AI sign language broadcaster requires high-precision skeleton estimation technology and deep learning gesture generation models to accurately present hand movements. This is much more complicated than current AI audio and video broadcasting, which deals with speech generation and lip-syncing technologies,” he explained.

Dr. Ting further pointed out that sign language evolves with variations in local dialects, emphasizing the need to build a sign language corpus in Taiwan. “We need both professional sign language interpreters and members from the Deaf community to work together to build the corpus. We hope that this collaborative project will promote information equality and also preserve Taiwan’s sign language as an important cultural asset,” he said.

Media Contact

Annie Wu
Office of Marketing Communications, ITRI
+886-3-591-8406
aiyunwu@itri.org.tw 

About ITRI

Industrial Technology Research Institute (ITRI) is one of the world’s leading technology R&D institutions aiming to innovate a better future for society. Founded in 1973, ITRI has played a vital role in transforming Taiwan’s industries from labor-intensive into innovation-driven. To address market needs and global trends, it has launched its 2035 Technology Strategy and Roadmap that focuses on innovation development in Smart Living, Quality Health, Sustainable Environment, and Resilient Society.

Over the years, ITRI has been dedicated to incubating startups and spinoffs, including well-known names such as UMC and TSMC. In addition to its headquarters in Taiwan, ITRI has branch offices in the U.S., Germany, Japan, and Thailand in an effort to extend its R&D scope and promote international cooperation across the globe. For more information, please visit https://www.itri.org/eng.

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SOURCE Industrial Technology Research Institute

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New Property Inspection Software for Apartments, HUD and Rural Development, Housing, Hotels, Hospitals, and Commercial Properties by Inspect2go

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Inspect2go provides property inspection software for apartments, HUD housing, rural development housing, single-family homes, hotels, hospitals, and commercial properties. Inspect properties using mobile phones or tablets to document violations, take photos, and issue work orders.

SAN CLEMENTE, Calif., Dec. 20, 2024 /PRNewswire-PRWeb/ — Inspect2go provides property inspection software, property inspection management systems, and mobile applications. Users conduct inspections using a tablet, phone, or iPad/iPhone mobile app. System modules include web-based management dashboards, inspection schedules, work orders, and reporting. Programs cover public housing, residential rental property inspection applications, HUD, rural development, apartment inspections, commercial property inspection systems, hotel inspection apps, and hospital inspection systems.

“Inspection Software for Property and Housing”.

Clients include property managers, property management companies, state and local government agencies. Users can inspect single-family properties, such as residential housing, single-family homes, and rental housing. Commercial property inspections cover multifamily rental properties, office buildings, factories, industrial manufacturing facilities, retail stores, warehouses, restaurants, and food establishments. The system also supports federally funded government housing inspections including multifamily apartment complexes and low-income/affordable housing units. Other versions are tailored for hotel room and hospital room inspections.

About Inspect2go

Inspect2go offers specialized software for city, county, and state-level government agencies. We serve public health, environmental health, engineering, building, code enforcement, and other departments that interact daily with the public. Products and services include public web portals for online citizen access, permitting and licensing software with online applications and payment processing, data migration, cloud (SQL) database hosting services, inspection mobile applications, and custom programming services to automate complex office workflows. Inspect2go products are web/cloud-based solutions with ongoing SaaS support and maintenance.

Media Contact

Paul Smith, Inspect2go Inc., 1 (949) 429-4620, marketing@inspect2go.com, https://inspect2go.com/

Twitter, LinkedIn

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SOURCE Inspect2go Inc.

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