Oslo, Norway Elliptic Labs (OSE: ELABS), a global AI software company and
the world leader in AI Virtual Smart Sensors, has signed a fifth expansion
contract with an existing PC/laptop customer. This agreement allows the
customer to continue expanding its use of Elliptic Labs AI Virtual Presence
Sensor into more laptop models.
The laptop market and our customer s feedback toward our AI Virtual Smart
Sensor Platform continues to be positive. As planned, our current laptop
customer has expanded its contract with us for the fifth time so they can use
our platform on more of their laptop models, said Laila Danielsen, CEO of
Elliptic Labs. As the laptop market seeks to deliver smarter, greener, and
more innovative products, our platform is positioned to address these needs
for the global laptop market. With close collaboration with our eco-system and
our strong customer traction, the laptop market represents a solid growth
opportunity for us.
Elliptic Labs' AI Virtual Presence Sensor
Elliptic Labs AI Virtual Presence Sensor detects when a user is present in
front of a PC/laptop system. This allows the device to sleep when a user is
absent, conserving battery life and electricity and safeguarding it from
unpermitted access. Human-presence detection is becoming a core capability in
the PC/laptop industry, but it is currently featured only in high-end devices
due to the cost, risk, and design limitations associated with a dedicated
hardware presence sensor. Elliptic Labs' software-only AI Virtual Presence
Sensor delivers robust human-presence detection that allows OEMs to easily and
affordably incorporate presence detection across a wide range of devices.
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.
Contacts
Investor Relations:
Lars Holmøy
Lars.Holmoy@ellipticlabs.com (mailto:Lars.Holmoy@ellipticlabs.com)
PR Contact:
Patrick Tsui
pr@ellipticlabs.com (mailto:pr@ellipticlabs.com)
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 create AI Virtual Smart Sensors that deliver intuitive 3D
gesture-, proximity-, presence-, breathing-, and heartbeat -detection
experiences. Its scalable AI Virtual Smart Sensor PlatformTM 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 is
listed on the Oslo Børs.
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.
Trademark
INNER BEAUTY is a registered trademark of Elliptic Labs.
AI Virtual Smart Sensor, AI Virtual Smart Sensor Platform, AI Virtual
Proximity Sensor, AI Virtual Presence Sensor, AI Virtual Connection Sensor, AI
Virtual Gesture Sensor, AI Virtual Heartbeat Sensor, and AI Virtual Breathing
Sensor are trademarks of Elliptic Labs.
All other trademarks or service markets are the responsibility of their
respective organizations.
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Elliptic Signs Fifth Laptop Contract
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Elliptic Labs Signs Fifth Expansion Agreement with Laptop Manufacturer
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