Taoping Launches New Smart Elevator Insurance Pilot Program

TIANJIN, China, Aug. 10, 2026 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP) ("Taoping" or the "Company"), a provider of innovative cloud-based technologies, Smart City IoT platforms, and related products and services, today announced that its wholly owned subsidiary, Skyladder (Tianjin) Technology Development Co., Ltd. ("Skyladder Technology"), has launched an elevator maintenance insurance pilot program with the Tianjin Branch of the People's Insurance Company of China Property and Casualty Company Limited ("PICC P&C").

The new Insurance + Technology model integrates real-time monitoring, maintenance and risk protection, while targeting a 20% reduction in long-term elevator operating and maintenance costs. The program is designed to bring together the community, insurer, property manager and maintenance provider in a unified service model designed to improve elevator safety, strengthen oversight and lower lifecycle operating costs.