Oslo, Norway --- Elliptic Labs (OSE: ELABS), a global AI software company and
the world leader in AI Virtual Smart SensorsTM currently deployed in over 500
million devices, has announced a new PoC contract with a global OEM leveraging
its AI Virtual Smart Sensor Platform delivering ground-breaking user
experiences enabling new cohesive interactions across the product lineup.
Our AI technologies - including ultrasound and sensor fusion expertise -
combined with our deep understanding of the smartphone, PC, and chipset
markets, enable Elliptic Labs to deliver compelling user experiences. We are
the first to introduce a revolutionary software-only platform that facilitates
effortless consumer interactions across a multitude of devices, culminating in
a seamless and unparalleled user experience across all scenarios.
"Elliptic Labs continues to collaborate and expand our presence with all the
leading OEMs. We stand at the brink of a transformative journey where AI,
sensing, and device-to-device interoperability transcend data capture,
allowing for ubiquitous sensing solutions. At the heart of this transformation
lies our AI Virtual Smart Sensor Platform," said Laila Danielsen CEO of
Elliptic Labs. "The value gained from strategic partnerships between our
customers and Elliptic Labs becomes essential for the customer to deliver
seamless user experiences while adding stickiness to their ecosystem."
The PoC contract represents yet another Laptop expansion across the four
globally leading OEMs on top of the 18 laptop models currently launched in the
market. Elliptic Labs has achieved a distinct position within the industry,
and while continued growth in the smartphone vertical is expected, expansion
in the laptop market will be the main driver of Elliptic Labs' medium-term
revenue growth to NOK 500 million in 2024/-25.
Contacts
Investor Relations:
Lars Holmøy
Lars.Holmoy@ellipticlabs.com
PR Contact:
Patrick Tsui
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.