Elliptic Labs Signs Enterprise License Contract with a New Top 3 Laptop Manufacturer

14 Dec 2022 07:00 CET

Oslo, Norway - Elliptic Labs (OSE: ELABS), a global AI software company and
the world leader in AI Virtual Smart SensorsTM, has signed an enterprise
software license agreement with another top-3 PC/laptop manufacturers. Two of
the top-3 PC/laptop manufacturers are now Elliptic Labs customers. The
agreement allows this laptop manufacturer to use Elliptic Labs AI Virtual
Smart Sensor PlatformTM on upcoming laptop and PC devices. Specifically, it has
chosen to use Elliptic Labs AI Virtual Human Presence SensorTM to provide
human presence detection on future PC and laptop models.

I m thrilled to announce that we have signed a new enterprise license
agreement with one more of the top-3 laptop manufacturers. This marks another
important milestone in becoming the definitive human presence detection
solution for the PC/laptop industry at large. says Laila Danielsen, CEO of
Elliptic Labs. In addition to human presence detection, the largest PC OEMs
are seeking differentiating solutions that deliver frictionless user
experiences across their broader product portfolio. Elliptic Labs AI Virtual
Smart Sensor Platform offers our OEM customers the flexibility and choice they
need to build toward that vision.

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.

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.

This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 19 no. 3. The information was submitted for publication
at 2022-12-14 07:00 CET.

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Elliptic Signs New Contract With A New Top 3 PC OEM

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