OSLO, Norway--(BUSINESS WIRE)--#EllipticLabs--Continuing its strong push into the PC/laptop market, Elliptic Labs (EuroNext Growth: ELABS.OL) has expanded its team to Taiwan and signed a fifth Proof-of-Concept contract for its AI Virtual Presence Sensor, this time with another top-five PC manufacturer. This project will be done on an Intel Tiger Lake platform.

Elliptic Labs� AI Virtual Presence Sensor is a software-only solution that automatically turns a laptop�s screen on and off based on whether a user is present in front of it or not. The virtual sensor does this by utilizing the laptop�s existing speaker and microphone to transmit and receive ultrasound signals, then interprets those signals using AI and proprietary algorithms to detect when a user enters or leaves the area.

Elliptic Labs� continued success in achieving new PC partnerships demonstrates the value of its AI Virtual Presence Sensor while also underscoring the company�s growth and credibility within the PC ecosystem. Elliptic Labs has established its technology as a critical capability of laptop/PC designs, developing significant relationships and compatibility with the major platforms to ensure long-term PC market relevancy.

�As we are capitalizing on the PC market momentum and the need for human presence detection � we are expanding our team to Taiwan where the major companies we are working with have a large presence: more than 85% of laptops sold worldwide are manufactured by Taiwanese companies,� Elliptic Labs� CEO Laila Danielsen explained. �With the PC market experiencing a renaissance in 2020 � one that we anticipate will continue into 2021 and beyond � Elliptic Labs is perfectly positioned for a big growth trajectory in the near future.�

About Elliptic Labs

Elliptic Labs is headquartered in Norway with presence in the USA, China, South-Korea, Taipei, and Japan. Founded in 2006 as a research spin-off from Norway�s Oslo University, Elliptic Labs filed its IPO with the Euronext Growth Market in October, 2020. Elliptic Labs 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 150 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.

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