Elliptic Labs signs software license agreement with new smartphone client for seven smartphone models

Oslo, Norway – (COMMERCIAL THREAD) –Elliptical labs (EuroNext Growth: ELABS.OL), a global AI software company and the global leader in virtual intelligent AI sensorsMT, signed a licensing agreement with a new smartphone maker based in Asia. Agreement Covers Licenses for Seven Upcoming Smartphone Models to Use Elliptic Labs’ AI Virtual Proximity SensorMT INNER BEAUTY®.

As a “virtual smart sensor” software-only solution, Elliptic Labs AI virtual proximity sensor provides robust proximity sensing functionality without the need for traditional single-function hardware sensors such as infrared (IR) sensors. This saves costs and eliminates the supply risk for the smartphone maker. Elliptic Labs AI Virtual Smart Sensor PlatformMT uses machine learning, ultrasound and sensor fusion to create the AI ​​virtual proximity sensors. Any device with a standard speaker and microphone can provide this, as well as other features offered by Elliptic Labs. All of Elliptic Labs’ virtual smart sensors are privacy-focused, environmentally friendly, offering more functionality while lowering costs. That’s why customers choose Elliptic Labs.

“The unique market position of our AI virtual smart sensor platform continues to strengthen, as evidenced by this new customer who commits from the start for seven smartphone models,” said Laila Danielsen, CEO from Elliptic Labs. “Customers choose Elliptic Labs for the value we bring by replacing hardware sensors with our high performance virtual intelligent sensors. We are delighted to see the demand for our solution increase in the smartphone market. ”

INNER BEAUTY is a registered trademark of Elliptic Labs.

AI Virtual Proximity Sensor, Virtual Smart Sensor, AI Virtual Smart Sensor Platform, and AI Virtual Smart Sensor are trademarks of Elliptic Labs.

All other brands or service markets are the responsibility of their respective organizations.

About Elliptic Labs

Elliptic Labs is a global company targeting the smartphone, laptop, IoT, and automotive markets. Founded in 2006 as a research spin-off from the University of Oslo in Norway, the company’s patented AI software combines ultrasound and sensor fusion algorithms to deliver intuitive 3D detection experiences. gestures, proximity and presence. Its scalable AI virtual smart sensor platform creates software-only sensors that are durable, eco-friendly, and already deployed in more than 150 million devices worldwide. Elliptic Labs is the only software company to provide detection capabilities using AI, ultrasound, and sensor fusion software deployed at scale. It filed for its initial public offering on the Euronext Growth Market in October 2020.

Elliptic Labs is headquartered in Norway and has operations in the United States, China, South Korea, Taiwan, and Japan. Its technology and intellectual property are developed in Norway and belong solely to the company.