Benzinga | May 3, 2021 08:10AM EDT

TAOP Signs Strategic Cooperation Agreement with Zionodes

Taoping Inc. (NASDAQ:TAOP, the &quot, Company&quot, ))))), 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 cloud desktop, cloud rendering, cloud gaming, artificial intelligence services, and digital assets mining," said Mr. Jianghuai Lin, the Chairman and CEO of TAOP. "We are happy to have Zionodes as a customer and a partner for our expansion in international market."