Elliptic Labs Signs First Chromebook Proof of Concept Contract with Existing Laptop Customer

26 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 its first Chromebook
proof of concept agreement with an existing PC/laptop customer. This agreement
will cover the implementation of Elliptic Labs' AI Virtual Human Presence
SensorTM to provide human presence detection for potential use on the PC/laptop
customer's future Chromebook laptops, tablets, and PCs. Chromebooks run
Google's ChromeOS as its operating system, instead of Microsoft Windows
operating system. According to a Statista report from February 2022,
Chromebooks were projected to make up 12.5% of all laptops shipped for the
year.

"Expanding our AI Virtual Human Presence Sensor into Chromebooks is a great
opportunity for Elliptic Labs," said Laila Danielsen, CEO of Elliptic Labs.
"Chromebooks make up a sizeable segment of the laptop market and this project
demonstrates that the AI Virtual Smart Sensor Platform is the natural choice
for our PC customers for their complete product portfolio, from high-end
devices to more cost effective, essential devices. We are excited to continue
to execute on our mission to empower all devices to be greener, smarter, and
more human friendly."

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.

More information:
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