Taoping Secures $5.5M in Smart Elevator Project Orders in China

Key Facts

1Taoping Inc. announced its subsidiary secured multiple smart elevator project orders totaling over $5.5 million in China.

Taoping Inc. announced its subsidiary, Skyladder Technology, secured multiple smart elevator project orders totaling over $5.5 million in China. Investing.com reported that the contracts include a follow-on project in the Tianjin Eco-City.

The orders align with Chinese government plans to upgrade 575,000 residential elevators and the company's strategic shift toward a recurring revenue subscription model. TAOP closed at $0.59 on September 24, 2026, having traded between a high of $0.635 and a low of $0.5311 during that session.