30 Dec 2022 07:00 CET

Issuer

Elliptic Laboratories ASA

Oslo, Norway --- Elliptic Labs (OSE: ELABS), a global AI software company and
the world leader in AI Virtual Smart SensorsTM, has finalized a new enterprise
license agreement with their third PC/Laptop customer. The PC customer are one
of the top five companies globally and the agreement allows this PC/laptop
maker to use Elliptic Labs' AI Virtual Smart Sensor PlatformTM for future
laptop and PC models. The new PC/laptop customer has chosen Elliptic Labs' AI
Virtual Human Presence SensorTM to provide human presence detection on their
future PC and laptop models.

"We are thrilled to sign an enterprise license agreement with yet another
PC/laptop customer this month," said Laila Danielsen, CEO of Elliptic Labs.
"Three of the top five PC/laptop manufacturers are now our customers. This is
an important milestone which strengthens the foundation for our long-term
strategy to become de-facto standard for human presence detection."

Elliptic Labs' AI Virtual Human Presence Sensor
Elliptic Labs' AI Virtual Human 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 Human
Presence Sensor delivers robust human-presence detection that allows OEMs to
easily and affordably incorporate human 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.


579372_Elliptic Labs Signs New Enterprise License Contract with A Third PC-Laptop Customer.pdf

Source

Elliptic Laboratories ASA

Provider

Oslo Børs Newspoint

Company Name

ELLIPTIC LABORATORIES ASA

ISIN

NO0010722283

Symbol

ELABS

Market

Oslo Børs