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Elliptic Labs Announces Proof-of-Concept Agreement with a Top-Tier Laptop Manufacturer

Elliptic Labs now works directly with two of the top-three laptop manufacturers in the world

OSLO, Norway--(BUSINESS WIRE)--#AI--Elliptic Labs (OSE: ELABS-ME) � the global leader in ultrasound software-only sensors for the consumer mass-market � and one of the world�s largest laptop OEMs have signed a contract for a proof of concept that will utilize Elliptic Labs� AI Virtual Smart Sensor Platform to give laptops the ability to lock and awaken screens through presence detection. Elliptic Labs is now working directly with two of the top-three laptop manufacturers in the world, along with global semiconductor manufacturers to deploy its technology broadly.

�Companies partner with us because they want to deploy presence detection to all their devices, both high-end and low-end. Our software sensors meet both the price-point and performance needed to broadly deploy presence-sensing capabilities to all tiers of a laptop manufacturer�s product lines,� said Laila Danielsen, CEO of Elliptic Labs. �Physical sensors like time-of-flight and radar may seek to replicate some of our functionality, but since they are hardware, they require a supply chain, have a limited field-of-view, and are more costly.�

Elliptic Labs uses AI and ultrasound (transmitted through a device�s built-in speaker and microphone) to sense a user and their surroundings. This information is then interpreted by Elliptic Labs� Virtual Smart Sensor Platform, which translates data from the ultrasound waves into different user experiences. Elliptic Labs� patented technology is built for consistent, high-performing, and cost-efficient scaling and is currently used in over 100 million devices globally.

About Elliptic Labs

Elliptic Labs is headquartered in Norway with presence in the USA, China, South-Korea, and Japan. Founded in 2006 as a research spin-off from Norway�s Oslo University, it is now a global enterprise targeting the smartphone, laptop, IoT, and automotive markets. The Company�s patented AI software combines ultrasound and sensor-fusion algorithms to deliver intuitive 3D gesture, proximity and presence sensing experiences. Its scalable AI Virtual Smart Sensor Platform creates software-only sensors that are sustainable, eco-friendly, and already deployed in over 100 million devices. Elliptic Labs is the only software company in the market that has delivered detection capabilities using AI software, ultrasound and sensor-fusion deployed at scale. Elliptic Labs� technology and IP are developed in Norway and solely owned by the Company.

Contacts

PR Contacts:
Patrick Tsui

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Investor Relations:
Thor A. Talhaug

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