27 Apr 2023 07:00 CEST

Issuer

Elliptic Laboratories ASA

Oslo, Norway --- Elliptic Labs (OSE: ELABS), a global AI software company and
the world leader in AI Virtual Smart SensorsTM currently deployed in over 500
million devices today, has announced launch the of its AI Virtual Proximity
SensorTM INNER BEAUTY® with a new smartphone customer, Vivo, a global top-5
smartphone company. The Vivo Y78+, a mid-end high-volume smartphone, is being
launched for the China market. Elliptic Labs' partner Qualcomm is driving the
Vivo Y78+ with its Snapdragon 695 chipset. The contract for this launch was
previously announced by Elliptic Labs.

"Launching with a new smartphone company, Vivo, a top-5 global smartphone
maker, shows that our AI Virtual Smart Sensor PlatformTM continues to drive
innovation for the smartphone market," said Laila Danielsen, CEO of Elliptic
Labs. "We are driving more adoption of our AI Virtual Smart Sensors with the
largest smartphone manufacturers in the world, carrying on our push to make
devices greener, smarter, and more human-friendly. "

AI Virtual Proximity Sensor INNER BEAUTY
Elliptic Labs' AI Virtual Proximity Sensor detects when a user holds their
phone up to their ear during a call, allowing the smartphone to turn off its
display and disable its screen's touch functionality. This keeps the user's
ear or cheek from triggering unwanted actions during the call, such as hanging
up or dialing numbers. Turning off the screen also helps conserve battery
life.

Proximity detection is a core capability that is used in all smartphones, but
Elliptic Labs' AI Virtual Proximity Sensor is a unique, software-only solution
that delivers robust proximity detection without the need for a dedicated
hardware sensor. By replacing hardware sensors with software sensors, 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.


588702_First Elliptic Labs Launch with Vivo a Leading Smartphone Manufacturer.pdf

Source

Elliptic Laboratories ASA

Provider

Oslo Børs Newspoint

Company Name

ELLIPTIC LABORATORIES ASA

ISIN

NO0010722283

Symbol

ELABS

Market

Oslo Børs