BEIJING, Nov. 8, 2023 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it applied transfer learning to the image classification, and a fusion model for image classification was built to improve the classification performance on small sample datasets by utilizing the feature representation of models trained on large-scale datasets.

Deep transfer learning can apply deep learning models that have been trained on large-scale datasets to new tasks. In image classification, deep transfer learning can accelerate the model training process and improve classification performance by transferring some or all of the network parameters of an already trained model to a new model. The image features are extracted by a pre-trained deep neural network model, classified using a classifier model, the pre-trained deep neural network model and the classifier model are connected, and finally, the whole model is optimized by an end-to-end training approach and by a back-propagation algorithm. This approach can effectively utilize the existing features to improve the accuracy and efficiency of image classification.

A fusion model design is used in WiMi’s deep transfer learning-based image classification fusion model, which combines several pre-trained deep learning models and integrates them by transfer learning to improve the accuracy of image classification. The model architecture consists of the following key components:

Basic model selection: In the design of the fusion model, some basic deep learning models need to be selected as candidate models first. These models are pre-trained models on large-scale image datasets, and they have good performance and a wide range of applications for image classification tasks.

Feature extraction: In order to be able to fuse the different base models, we need to add a feature extraction to each model. The role of this feature extraction is to convert the input image into a high-dimensional feature vector so that subsequent classifiers can classify it. In this feature extraction, we use a convolutional neural network (CNN) for feature extraction.

Fusion: After the feature extraction, multiple feature vectors extracted from the basic model will be obtained. To fuse them, another fusion is designed, the purpose of the fusion is to fuse multiple feature vectors into a more expressive feature vector to improve the classification.

Classifier: Next, a fused feature vector will be obtained. For final classification, a classifier will need to be added, through which the fused feature vector will be mapped to different categories, thus realizing the classification of the image.

Fusing the advantages of multiple basic models can improve the accuracy of image classification. At the same time, the fusion model for image classification based on deep transfer learning also has some flexibility, and different base models and fusion methods can be selected according to the actual situation to adapt to different image classification tasks.

Image recognition is an important application of deep learning in the field of computer vision, and the image classification and fusion model based on deep transfer learning researched by WiMi will also be widely used in more industry fields. For example, in the field of intelligent security, the model can be used to perform real-time face recognition on images captured by surveillance cameras, thus realizing automatic alarms for strangers. Autonomous driving is also another important application, where the image classification fusion model based on deep transfer learning can be used to recognize and classify objects such as traffic signs, vehicles and pedestrians on the road. This is crucial for self-driving vehicles to help them determine changes in the surrounding environment and make decisions accordingly. For example, when the vehicle recognizes a pedestrian crossing the road in front of it, it can take timely braking measures to ensure the safety of the pedestrian. In addition, the model can also be used for the vehicle’s automatic parking system, which realizes the automatic parking of the vehicle by recognizing parking spaces and obstacles. In addition, social media analysis is also an application for analyzing and classifying images on social media using the image classification fusion model of deep transfer learning. By classifying images on social media, it realizes the understanding of users’ interests and preferences. For example, by analyzing photos posted by users on social media, relevant products or activities can be recommended to provide personalized recommendation services. In addition, social media analytics can be used for sentiment analysis to understand the emotional state of users by recognizing expressions and emotions in images, thus providing better services and marketing strategies for enterprises.

In addition to the above several application scenarios, the image classification fusion model based on deep transfer learning can also be applied to many other fields, such as smart home, smart manufacturing, smart assistant, etc. By recognizing and classifying images, intelligent perception and understanding of the environment and objects can be achieved, bringing more convenience and efficiency to people’s lives and work.

With the successful application of deep transfer learning on image classification tasks, in the future, WiMi will focus more on exploring and improving the image classification fusion model based on deep transfer learning in terms of cross-domain transfer learning, model interpretability, and small-sample learning, in order to further improve the performance and application scope of image classification tasks.

About WIMI Hologram Cloud

WIMI Hologram Cloud, Inc. (NASDAQ: WIMI) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains "forward-looking statements" within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company’s strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission ("SEC") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company’s expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.

Source : WiMi Announced a Deep Transfer Learning-Based Fusion Model for Image Classification

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Raised investment capital for a new North American electrification hub through seven global financial institutions—marking its first overseas Green Loan Successfully procured long-term financing (10 years) at a favorable rate The acquired funds will be deployed to establish new BSA and PE system factories

SEOUL, South Korea, Nov. 8, 2023 /PRNewswire/ — Hyundai Mobis’ (KRX: 012330) strategy for expanding its global footprint in the electrification business is progressing smoothly. Following its successful funding for a battery cell joint venture factory in Indonesia last year, the company has now efficiently secured funds for electrification investments in North America, bolstering the momentum of its core business in future mobility.

Hyundai Mobis recently announced on 8th that it has secured an investment of 940 million dollars to establish a new electrification hub in North America, liaising with seven international financial institutions. Despite challenging conditions, such as the tightening of major national currencies and rising market interest rates, the company successfully achieved a low interest, long-term financing (with a maturity of 10 years) driven by the promising growth potential of the global electrification market. A credit guarantee from the Korea Trade Insurance Corporation, an export credit agency, further facilitated this.

This funding endeavor has been particularly notable as Hyundai Mobis’ first overseas Green Loan. While Hyundai Mobis issued green bonds domestically in 2021 to advance eco-friendly projects, this marks the first occasion they have utilized the Green Loan method for environmentally-friendly business investments abroad. Green Loans refer to funding methods for eco-friendly businesses, such as electric vehicles and renewable energy. In an era where global financial institutions emphasize ESG, securing funds through Green Loans can offer favorable interest conditions and elevate a company’s eco-friendly image.

Previously, in October of last year, Hyundai Mobis announced its plans to invest 1.3 billion dollars from this year through 2030 to establish new production hubs for electrification in North America. The plan includes building new Battery System Assembly (BSA) and PE System factories in four locations, including Alabama and Georgia, to respond to the growing global electrification market proactively. With this funding, it is anticipated that the electrification projects in North America will progress as planned.

Currently, Hyundai Mobis operates electrification production hubs in nine locations globally (six domestic and three overseas) and is establishing six new electrification production hubs in South Korea, North America, and Indonesia. Hyundai Mobis remains committed to enhancing its competitiveness in the electrification business through a strategy of selectivity and focus as it transitions into a future mobility technology specialist. The company plans to secure mid- to long-term growth engines in the relevant fields continually. 

About Hyundai Mobis

Hyundai Mobis is the global no. 6 automotive supplier, headquartered in Seoul, Korea. Hyundai Mobis has outstanding expertise in sensors, sensor fusion in ECUs and software development for safety control. The company’s products also include various components for electrification, brakes, chassis and suspension, steering, airbags, lighting, and automotive electronics. Hyundai Mobis operates its R&D headquarters in Korea, with four technology centers in the United States, Germany, China and India. For more information, please visit the website at http://www.mobis.co.kr/

Media Contact 
Jihyun Han: [email protected]
Myong Sun Song: [email protected]

Source : Hyundai Mobis, Secures USD 940 million for North American Electrification Investment via Its First Overseas Green Loan

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Ahead of upcoming negotiations on the global plastics treaty, new insights reveal that almost 90% of private investments into plastic circularity since 2018 were made in North America and Europe.

SINGAPORE, Nov. 8, 2023 /PRNewswire/ — The Circulate Initiative has launched a new global edition of the Plastics Circularity Investment Tracker, the world’s first tool to track the scale of private investments into the plastics circular economy. The findings reveal that nearly 90% of all investment since 2018 went to North America and Europe, developed economies that offer a stable investment and supportive policy environment, despite the top 20 countries for ocean plastic leakage being emerging economies.

Assessing over 3,700 deals occurring in 91 countries between 2018 and the first six months of 2023, over US$160 billion in private capital has been directed to the plastics circular economy, which equates to approximately US$29 billion annually. While encouraging, it is significantly below the US$60 billion of annual investment needed under the systems change scenario which reduces plastic leakage to the ocean by around 80% by 2040.

"Addressing the scale of the plastic waste crisis will require concerted and collaborative action from stakeholders and investors. Global data from the Plastics Circularity Investment Tracker demonstrates the crucial need to drive more capital to emerging markets, where plastic pollution is at its most severe." said Umesh Madhavan, Research Director, The Circulate Initiative. "This month, global leaders will meet at the third session of the Intergovernmental Negotiating Committee meeting to discuss the legally binding instrument on plastic pollution. We hope that these insights will be a timely call to action to address the urgent need to scale capital flow towards plastic circularity solutions, particularly in those markets most impacted by plastic pollution."    

The second edition of the Plastics Circularity Investment Tracker expands the coverage of the tool beyond emerging markets to provide global data, including a new feature for comparing investments across countries, across the value chain, and investment categories.

Additional key findings reveal the following:

Although emerging markets in Asia and other regions such as Africa and Latin America are regarded as hotspots for plastic pollution, they received very little investment. Asia accounted for 8% (US$12 billion) of plastics circularity investments, and Latin America and the Caribbean followed, recording less than US$2 billion investment over the period. Private investments into plastics circularity in Africa were staggeringly low at only about US$150 million or 0.09% of total deal value over the review period. Approximately 85% of investment went to recovery and recycling. In comparison, investments in reuse and refill were less than 5% of the total. Financing by banks and corporate investments were the top two sources of private capital, each contributing about 35% of total investments, followed by private equity with 25%. The top ten deals, each over US$2 billion, collectively accounted for 30% of the total deal value, indicating investor confidence to inject significant capital in this space.

Michael Sadowski, Executive Director, The Circulate Initiative, said, "By identifying the solutions and regions receiving funding, as well as insights into investor and transaction landscapes, our goal is to enable decision-makers to better identify opportunities to scale solutions to unlock the full potential of a circular economy. Not only is there a gap in funding for emerging markets, we also need more capital to be directed towards innovative solutions designed to replace fossil-fuel based plastics."

About The Circulate Initiative 

The Circulate Initiative is a non-profit organization that works to solve the plastic pollution challenge and build circular and equitable economies across emerging markets. It delivers cutting-edge research, builds high-impact programs, and drives collective action with industry stakeholders including businesses, investors, and policymakers. For more information, please visit: https://www.thecirculateinitiative.org/  

About the Plastics Circularity Investment Tracker

The Plastics Circularity Investment Tracker is the first tool of its kind globally that measures and characterizes private investments into the plastics circular economy. Initially launched in early 2023 to track investments into emerging markets, the updated tracker now covers all markets globally. In April 2023, it was awarded ESG Assessment Tool of the Year at the Sustainable Investment Awards hosted by Environmental Finance Magazine.

Source : New findings reveal critical gap in private capital directed towards tackling plastic pollution in emerging economies

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Hess joins Industry-leading SaaS commerce data management, syndication, and analytics provider to lead product innovation in next stage of company growth

ATLANTA, Nov. 8, 2023 /PRNewswire/ — Syndigo, a leading SaaS commerce data management provider, and a portfolio company of Summit Partners and The Jordan Company, today announced their most recent executive appointment, with Dan Hess joining as the company’s Chief Product Officer and member of the Executive Leadership Team.

Dan Hess, Chief Product Officer, Syndigo

Hess was most recently Global Chief Product Officer for The NPD Group, the global leader in B2C and B2B analytics in 20+ industries including technology, apparel, beauty, media, gaming, foodservice and food consumption. There, Hess and his team played a pivotal role in creating information, analytics, and software products that measure more than $3 trillion of global commerce. Prior to NPD, Hess served as Chief Product Officer of Comscore, a media delivery and consumption measurement firm across digital, TV, and box-office platforms. Years prior, Hess had been one of Comscore’s original employees, leading corporate marketing and building multiple commercial teams during its startup phase, including retail, travel, automotive, and technology products and practices.

Earlier in his career, Hess was CEO and Co-Founder of Local Offer Network, which created an omnichannel predictive modeling and personalization platform that was acquired by Catalina Marketing. He has served as a consultant to many VC and private equity firms and as an advisor to many startup and growth stage companies in digital media and marketing, SaaS, and e-commerce.

"I’m thrilled to have Dan join Syndigo as we continue to build upon our leading data management, product syndication, and analytics platforms," said CEO Simon Angove. "His highly valuable domain and industry experience will be a great addition to our team, as we invest in people and technology to drive innovation for manufacturers and retailers across many industries."

About Syndigo
Syndigo powers modern commerce by enabling the continual flow of data and content throughout the entire commerce ecosystem. With industry-leading data management, syndication, and analytics, combined with the largest two-sided network for content distribution, we deliver accurate information that improves decision-making and accelerates sales on every shelf.  

Syndigo serves more than 12,000 manufacturers, and 1,750 retailers and distributors globally across key industries including grocery, foodservice, hardlines, home improvement/DIY, pet, health and beauty, automotive, apparel, oil & gas, and healthcare. For more information, visit www.syndigo.com or follow us on LinkedIn.

About Summit Partners 
Founded in 1984, Summit Partners is a global alternative investment firm that is currently managing more than $23 billion in capital dedicated to growth equity, fixed income and public equity opportunities. Summit invests across growth sectors of the economy and has invested in more than 500 companies in technology, healthcare and other growth industries. These companies have completed more than 160 public equity offerings, and more than 200 have been acquired through strategic mergers and sales. Summit has partnered with more than two dozen companies across the e-commerce and consumer landscape, including Brooklinen, Klaviyo, Philz Coffee, Quay Eyewear, Reverb.com, Sezane, TinyPrints, VeriShip, MercuryGate, and vente-privee.com. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, please see www.summitpartners.com or follow on LinkedIn.

About The Jordan Company 
TJC (www.thejordancompany.com), founded in 1982, is a middle-market private equity firm that has managed funds with original capital commitments in excess of $11 billion since 1987 and a 38-year track record of investing in and contributing to the growth of many businesses across a wide range of industries including Industrials, Transportation & Logistics, Healthcare & Consumer, and Telecom, Technology & Utilities. The senior investment team has been investing together for over 20 years and is supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. Headquartered in New York, TJC also has an office in Chicago. 

Source : Syndigo Names Dan Hess as Chief Product Officer

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Yay!’s new official website launched to disclose upcoming web3 features using tokens and NFTs

New official X account opened for web3 initiatives and campaigns

TOKYO, Nov. 8, 2023 /PRNewswire/ — nanameue, Inc., a leading company of the democratizing social media from Japan, announced today the release of "YAY White Paper" explaining Yay!’s tokenomics created using the unique cryptocurrency "YAY". With this, they aim to foster a future where people can seamlessly utilizes tokens in Yay! community, thus realizing own SocialFi ecosystem.

Yay!_TokenomicsReveal

Yay! official website: https://lp.yay.space/en

Overview of YAY White Paper 

"YAY White Paper", revealed on the official website, explains the project details of Yay!, aiming to establish a token economy within the Yay! platform using the unique cryptocurrency "YAY".

YAY White Paper: https://lp.yay.space/docs/whitepapers/YAY_White_Paper_v2.2_en.pdf

This white paper covers five key points, including an introduction to the virtual world Yay!, service directions in the future, tokenomics details, token allocation, and the roadmap.

Project Detail Purpose Tokenomics Token Allocation Operating Policy & Roadmap

Yay! allows all users to experience the value of web3. Yay! is establishing a token economy within and outside of the Yay! platform, allowing both experienced users who have been involved in DeFi(Decentralized Finance) and users who are new to crypto-currency to contribute in community in Yay! and receive incentives while using the service. With this, Yay! will become a gateway to the mass adoption of crypto experiece.

"In designing tokenomics, what we focused the most was the personas and the division of roles among diverse users," said Takahiro Ishihama, CEO of nanameue. "Since the majority of users are new to crypto, so it will be their first time to experience web3 services through Yay!. We have designed a free, no-wallet experience for them, which make all users accessible. On the other hand, for users already familiar with GameFi and DeFi, we have designed it to allow them to maximize returns by taking risks. We also consider the significance of external traders. Therefore, the tokenomics is designed to increase liquidity forYAY. We will continue to implement the features described in the white paper, prepare for the listing of the tokens, and refine the user experience, aiming for a mass adoption that meets the expectations of all of our users."

YAY White Paper Release Celebration Campaign 

Celebrating the release of the YAY White Paper, the following campaign will be held in the Yay!. Special NFTs will be distributed to winners who will receive an airdrop of YAY tokens in the future when they hold NFTs.

Campaign Period: November 9th (Thursday) 0:00  (JST)- November 15th (Wednesday) 23:59 (JST)

How to Participate: Please check the details in the official Yay! web3 community within the Yay! app

New Yay! official X account opened for web3 related news

Yay! official X account "@Yay_SocialFi" is newly created to share updates on our web3 initiatives and campaigns. Please follow the following and stay tuned for the latest updates shared through the official X accounts, the web3 circle, the official website, and guidance in the Yay! app.

NEW    Yay! Official X @Yay_SocialFi: https://twitter.com/Yay_SocialFi
             Official X @Yay_jp: https://twitter.com/Yay_jp
             Official web3circle: https://yay.space/group/228305
             Yay! Official website: https://lp-stg.yay.space/en

About Yay!

Yay!, the virtual world of interconnected interests, began in January 2020. With 8 million users as of November 1, 2023, Yay! currently serves as a new virtual world for users to find their interests, get connected, and have fun making group calls and more. Within the circle feature, anyone can create a community group based on common interests, whether it’s games, anime, music, or other hobbies. The current total number of circles has grown to approximately 90,000. 

Yay! (web ver): https://yay.space/
Download from: https://yay.onelink.me/jqva/press

About nanameue, Inc.

With the mission of "Building Community with Science", nanameue operates Yay!, the virtual world where everyone can be exactly who they want to be in a decentralized community. Since its release in January 2020, Yay! has been providing a community place where everyone can belong. The users can share their interests, manage their own smaller communities, and enjoy chatting on group calls while playing their favorite video games. nanameue is committed to form its own token economy within the Yay! community in the future, bringing to life a truly sustainable virtual world.

For Public Relations Inquiries: 
nanameue, Inc.
PR Manager: Sachiko Ishibashi
Email: [email protected] 

Source : Yay! released "YAY White Paper" to reveal its tokenomics for the SocialFi

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Third Annual Awards Program Recognizes Innovation in the Global Life Sciences and Biotechnology Industry

SAN JOSE, Calif., Nov. 8, 2023 /PRNewswire/ — Complete Genomics, a pioneering genomic sequencing company, today announced it is the recipient of the 2023 "Next Generation Sequencing Solution of the Year" award in the third annual BioTech Breakthrough Awards program conducted by BioTech Breakthrough, an independent market intelligence organization that evaluates and recognizes life sciences and biotechnology companies, products and services around the globe.

Complete Genomics’ unveiling of its DNBSEQ-T20x2RS* in 2023 marked the first time in the industry that a high throughput sequencer reduced the price of genome sequencing to less than $100, or less than $1 per gigabyte.

"Our DNBSEQ-T20x2RS* is driving the development and expansion of the global genomics industry as we accelerate our understanding of the human genome and its medical applications. When we increased accessibility to genetic information through lower DNA sequencing costs to researchers, we fundamentally reshaped the industry dynamics," said Dr. Radoje (Rade) Drmanac, Co-Founder and Chief Scientific Officer of Complete Genomics.

In addition to making sequencing more affordable, opening it up to new clinical applications, the DNBSEQ-T20x2RS* will also enable broader use of the technology on a larger number of samples, with deeper sequencing per sample which yields more informative results.

Complete Genomics is able to offer the DNBSEQ-T20x2x2RS* at a competitive price because it’s powered by dip-immersion biochemistry, which significantly reduces sequencing reagent usage, resulting in comparative savings of more than 60%. Using two-color sequencing, DNBSEQ-T20x2RS* saves 50% of optical, computing, storage and broadband resources compared to four-color technology, which contributes to significant cost savings.

The mission of the annual BioTech Breakthrough Awards program is to conduct the industry’s most comprehensive analysis and evaluation of the top companies, solutions and products in the life sciences and biotechnology industry today. This year’s program attracted more than 1,350 nominations from over 12 different countries throughout the world.

About BioTech Breakthrough

Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the BioTech Breakthrough Awards program is devoted to honoring excellence in life science and biotechnology solutions, services and companies. The BioTech Breakthrough Awards provide public recognition for the achievements of biotechnology companies and products in categories including BioPharma, Genomics, Therapeutics, Food Science and BioAgriculture, and more. For more information visit BioTechBreakthroughawards.com

About Complete Genomics

Complete Genomics is a pioneering life sciences company that provides novel, end to end DNA sequencing solutions. It has been at the forefront of high throughput sequencing technology development since its inception in 2005. Our products have powered over 6,200 publications across a wide array of applications. To learn more, visit www.completegenomics.com.

* Complete Genomics’ DNBSEQ sequencing platforms are for research use only and not for use in diagnostic procedures.

Source : Complete Genomics' DNBSEQ-T20x2RS* Named "Next Generation Sequencing Solution of the Year" by 2023 BioTech Breakthrough Awards Program

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SHENZHEN, China, Nov. 8, 2023 /PRNewswire/ — Taoping Inc. (Nasdaq: TAOP, the "Company"), today announced the Company was awarded a RMB15 million contract to provide integrated, cloud-based data analytics services to Shenzhen Chuangzhi Tiancheng Tech Co Ltd. to facilitate the intelligent operation and management of its mining project located in Northwest China, while greatly improving operating efficiency and safety.

Taoping’s integrated cloud-based solution leverages AI and the Company’s proprietary intelligent data collection and analysis platform to uncover and accelerate opportunities for intelligent operations and business management. This latest win for Taoping also expands the Company’s reach, representing the first application of the Company’s powerful new Cloud Nest AI system and intelligent cloud platform solutions in the mining industry.

In response to the Company being awarded the RMB15 million contract, Taoping’s Chairman and CEO, Mr. Lin Jianghuai, commented, "This is another exciting win for us, further exemplifying the consistent and powerful capabilities of our cloud-based data analytics solutions to help customers drive increased operating efficiencies and strengthen returns on investment. The consistency and quality of our data analytics impressed Shenzhen Chuangzhi Tiancheng Tech and resulted in the exploration of opportunities to incorporate our solutions into its mining project. This also opens the door for Taoping to further expand our footprint throughout the broader natural resources industry and help businesses address the critical need for improved management of scarce natural resources with the power and intelligence of Taoping’s AI-driven cloud-based data analytics solutions."

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 www.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 due to our limited operating history of providing smart cloud services, the effects of the global Covid-19 pandemic, 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.

Source : Taoping Awarded RMB15 Million Cloud-Based Data Analytics Services Contract; Expands Reach to Mining Industry

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