Elliptic Labs Signs New Expansion Contract with Existing Smartphone Customer

OSLO, Norway–(BUSINESS WIRE)–#AIVirtualProximitySensor—Elliptic Labs (OSE: ELABS), a global AI software company and the world leader in AI Virtual Smart Sensorsâ„¢ currently deployed in over 500 million devices today, has signed an expansion software agreement with an existing smartphone customer. The new license agreement will cover Elliptic Labs’ AI Virtual Proximity Sensorâ„¢ INNER BEAUTY^® being used on several of the customer’sfuture smartphone releases.

“Elliptic Labs’ AI Virtual Smart Sensor Platform™ continues to be the go-to solution for the smartphone industry to deliver 100% software-only critical user experiences like proximity detection,” said Elliptic Labs’ CEO Laila Danielsen. “Large smartphone makers choose our AI Virtual Smart Sensors because their power, value, and scalability prove that Elliptic Labs remains the best choice to make their devices greener, smarter, and more human friendly.”

AI Virtual Proximity SensorINNER BEAUTY

Elliptic Labs’ AI Virtual Proximity Sensor INNER BEAUTY turns off a smartphone’s display and disables the screen’s touch functionality when a user holds the device up to their ear during a phone call. If that capability to detect proximity were missing, a user’s ear or cheek could accidentally trigger unwanted actions during a call, such as hanging up or dialing numbers. Turning off the screen automatically helps conserve battery life as well. Proximity detection is a core capability that is used in all smartphones across today’s market.

Elliptic Labs’ AI Virtual Proximity Sensor INNER BEAUTY delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with our software, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk.

INNER BEAUTY is a registered trademark of Elliptic Labs.

AI Virtual Smart Sensor, AI Virtual Proximity Sensor, and AI Virtual Smart Sensor Platform are trademarks of Elliptic Labs.

All other trademarks or service markets are the responsibility of their respective organizations.

About Elliptic Labs

Elliptic Labs is a global enterprise targeting the smartphone, laptop, IoT, and automotive markets. Founded in 2006 as a research spin-off from Norway’s Oslo University, the company’s patented software uses AI, ultrasound and sensor fusion to deliver intuitive 3D gesture, proximity-, presence-, breathing- and heartbeat-detection experiences. Its scalable AI Virtual Smart Sensor Platform creates software-only sensors that are sustainable, human-friendly and already deployed in hundreds of millions of devices around the world. Elliptic Labs is the only software company that has delivered detection capabilities using AI software, ultrasound, and sensor fusion deployed at scale. The company joined the Oslo Børs main listing in March 2022.

Elliptic Labs is headquartered in Norway with presence in the USA, China, South Korea, Taiwan, and Japan. Its technology and IP are developed in Norway and are solely owned by the company.

Contacts

PR Contacts:
Patrick Tsui

pr@ellipticlabs.com

Investor Relations:
Lars Holmøy

Lars.Holmoy@ellipticlabs.com