Elliptic Labs Signs First Enterprise Software License Agreement with Leading Laptop OEM

Oslo, Norway – (COMMERCIAL THREAD) –Elliptical labs (EuroNext Growth: ELABS.OL), a global AI software company and the global leader in virtual smart sensors, today announced that it has signed its first enterprise software license agreement with one of the world’s three largest laptop manufacturers / PC. This agreement is for Elliptic’s AI virtual intelligent sensor platform and covers OEM’s mid-range high-volume commercial laptops on multiple models.

Elliptic Labs’ AI Virtual Smart Sensors platform enables features such as presence, heart rate, breathing, proximity, and touchless gesture detection. The company’s patented AI software combines ultrasound and sensor fusion algorithms to deliver next-generation user experiences.

Innovative virtual smart sensors will provide the laptop with a unique model of security, interactivity and productivity. Using the laptop’s existing speaker and microphone, the AI ​​Virtual Smart Sensor platform sends and receives ultrasonic waves. These waves are translated by the AI ​​virtual intelligent sensor platform into virtual intelligent sensors offering different user experiences. In this case, the AI ​​virtual lock sensor detects when the user leaves the laptop, automatically locking the system to reduce power consumption, prevent unwanted access and increase security.

“Obtaining a corporate license agreement with a leading OEM in the PC / laptop market is an incredible and important milestone for Elliptic Labs. It is exciting that our AI virtual intelligent sensor platform is adopted for another vertical market. We are ideally positioned as laptop OEMs seek features that are deployed evenly across all models, from low to high end, ”said Laila Danielsen, CEO of Elliptic Labs. “Our technology helps OEMs meet the growing market demand for smarter, more responsibly manufactured devices. Being a software-only solution, Elliptic Labs’ AI virtual intelligent sensor platform enables OEMs to deliver innovative features in their devices without introducing multiple hardware sensors, thereby providing end users with more for less.

About Elliptic Labs

Elliptic Labs is headquartered in Norway and has operations in the United States, China, South Korea, Taiwan, and Japan. Founded in 2006 as a research spin-off from the Norwegian University of Oslo, Elliptic Labs filed for IPO on the Euronext growth market in October 2020. Elliptic Labs is now a global company targeting markets smartphones, laptops, IoT and automotive. The company’s patented AI software combines ultrasound and sensor fusion algorithms to deliver intuitive 3D gesture detection, proximity and presence experiences. Its scalable AI virtual smart sensor platform creates software-only sensors that are durable, environmentally friendly, and already deployed in more than 150 million devices. Elliptic Labs is the only software company on the market that has provided detection capabilities using AI, ultrasound, and sensor fusion software deployed at scale. The technology and intellectual property of Elliptic Labs are developed in Norway and owned exclusively by the Company.