Elliptic Labs Signs Proof-of-Concept Agreement for new product, the AI Virtual Position SensorTM, with a Top-3 Laptop OEM

Oslo, Norway --- Elliptic Labs (OSE: ELABS), a global AI software company and
the world leader in AI Virtual Smart SensorsTM, has signed a Proof-of-Concept
agreement with a Top-3 Laptop/PC manufacturer for the AI Virtual Position
Sensor, the world s first software-based positioning technology and the latest
product from Elliptic Labs AI Virtual Smart Sensor PlatformTM. The recently
announced AI Virtual Position Sensor automatically detects the location of an
external display in relation to a laptop. This simplifies the management of
multiple work environments, improving worker productivity and convenience.

Enterprises and workers managing multiple offices and desk setups will find
value in a laptop embedded with the software-only AI Virtual Position Sensor,
which empowers the laptop to seamlessly identify, locate, and configure an
external display. This timesaving solution increases ease-of-use and minimizes
wasted setup time, empowering worker mobility and convenience while maximizing
productivity.

Our latest product, AI Virtual Position Sensor, is the must-have in today s
hybrid work environment, said Elliptic Labs CEO, Laila Danielsen.
Previously, employees who frequently moved between various work locations
struggled with different display setups, adding complexity and wasted time to
their day. The AI Virtual Position Sensor removes the annoyance of manually
dealing with display settings each time they relocate. The AI Virtual Position
Sensor automatically knows the position of the laptop in relation to the
external display, allowing it to configure behavior between the two
accordingly. This ability makes workers and enterprises more dynamic and
productive.

The AI Virtual Position Sensor is a software-only solution that does not need
any additional hardware components to work. Instead, it senses its environment
using the laptop s existing speaker and microphone, and then it interprets
that environment using virtual, proprietary machine-learning tools,
ultrasound, sensor fusion, and patented algorithms.

To see a video of the AI Virtual Position, please visit Elliptic Labs website
(https://ellipticlabs.com/position-sensor/). To learn more about Elliptic
Labs AI Virtual Position Sensor and to see a demonstration, please contact
sales@ellipticlabs.com (mailto:sales@ellipticlabs.com).

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.

Image Attachments
Release 220711 Pic
(https://storage.mfn.se/daccac8a-e253-41fc-8160-2af7b55013bf/release-220711-pic.jpeg)

Attachments
Elliptic Labs Signs Proof-of-Concept Agreement for new product, the AI Virtual
Position SensorTM, with a Top-3 Laptop OEM
(https://storage.mfn.se/13d24c0b-2c56-48f0-b86d-f41e85bb272e/elliptic-labs-signs-proof-of-concept-agreement-for-new-product-the-ai-virtual-position-sensor-with-a-top-3-laptop-oem.pdf)