Elliptic Labs Signs New Contract with Existing Smartphone Customer

06 Jan 2023 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 a new software
agreement with an existing smartphone customer. The new license agreement is
for a future smartphone release utilizing Elliptic Labs' AI Virtual Proximity
SensorTM INNER BEAUTY®.

"Our AI Virtual Smart Sensor PlatformTM remains the industry-leading
software-only solution delivering critical user experiences like proximity
detection for the smartphone vertical," said Elliptic Labs' CEO Laila
Danielsen. "We are proud that the biggest smartphone makers continue to take
advantage of our 100% software platform's power and value to make their
devices greener, smarter, and more human friendly."

AI Virtual Proximity Sensor INNER BEAUTY
Elliptic Labs' AI Virtual Proximity Sensor INNER BEAUTY turns off a
smartphone's display and disables the screen's touch functionality when a user
holds the device up to their ear during a phone call. If that capability to
detect proximity were missing, a user's ear or cheek could accidentally
trigger unwanted actions during a call, such as hanging up or dialing numbers.
Turning off the screen automatically helps conserve battery life as well.
Proximity detection is a core capability that is used in all smartphones
across today's market.

Elliptic Labs' AI Virtual Proximity Sensor INNER BEAUTY delivers robust
proximity detection without the need for a dedicated hardware sensor. By
replacing hardware sensors with our software, the AI Virtual Proximity Sensor
reduces device cost and eliminates sourcing risk.

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.

More information:
Access the news on Oslo Bors NewsWeb site

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