Elliptic Labs Signs Proof of Concept Agreement with a Top PC OEM Unleashing Advanced New User Experiences

OSLO, Norway–(BUSINESS WIRE)–#AIVirtualSmartSensor—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 a proof-of-concept agreement with a top PC OEM to unleash advanced user experiences. The PC OEM is evaluating Elliptic Labs’ AI Virtual Smart Sensor Platformâ„¢ to drive innovation, enabling a frictionless user experience across its complete product portfolio.

“Working with this top PC maker to introduce new advanced features by leveraging our AI Virtual Smart Sensor Platform™ demonstrates our technological leadership in Artificial Intelligence, ultrasound, and sensor fusion,” said Laila Danielsen, CEO of Elliptic Labs. “The PC OEMs continue to recognize that Elliptic Labs’ leadership role in 100% software-only AI Virtual Smart Sensors enhances their value proposition to end-users by adding critical and transformative user experiences to their devices. End-users are much more sophisticated, and top PC OEMs are searching for features that make their devices smarter and more responsive. Utilizing the AI Virtual Smart Sensor Platform, these devices will anticipate the user’s intentions and goals, leading to a more convenient and efficient user experience, all while ensuring privacy, security, and lower power consumption. Our AI Virtual Smart Sensors empower top PC OEMs to create such experiences and products, empowering them to make their devices smarter, greener, and more human-friendly.”

AI Virtual Smart Sensor, AI Virtual Human Presence 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