Elliptic Labs Shipping on HONOR V Purse Smartphone

20 Sep 2023 07:00 CEST

Oslo, Norway --- Elliptic Labs (OSE: ELABS), a global AI software platform
company and the world leader in AI Virtual Smart SensorsTM currently deployed
in over 500 million devices, is announcing the launch of its AI Virtual
Proximity SensorTM INNER BEAUTY® with HONOR's V Purse smartphone. HONOR is
releasing the V Purse smartphone for the global market.
The V Purse smartphone is introducing a unique concept for the foldable
smartphone market. When folded, the HONOR V Purse smartphone folds into a
purse or handbag. And with its outward facing display, V Purse can mimic
different purse styles.

Elliptic Labs is fast becoming the leader in offering its AI Virtual Smart
Sensors for groundbreaking foldable phone designs. The HONOR V Purse is the
fourth foldable phone Elliptic Labs has announced. Elliptic Labs' partner
Qualcomm is driving the HONOR V Purse with its Snapdragon 778G chipset. The
contract for this launch was previously announced by Elliptic Labs.

"Working together with HONOR on its unique V Purse smartphone design speaks to
the innovative spirit shared by both Elliptic Labs and HONOR," said Laila
Danielsen, CEO of Elliptic Labs. "Leading smartphone OEMs continue to choose
Elliptic Labs for their next-generation foldable phone designs. These
smartphone makers trust in Elliptic Labs' value to drive innovation through
our software-based AI Virtual Smart Sensors. We are confident that we will
continue to empower these OEMs to develop devices that are 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.

More information:
Access the news on Oslo Bors NewsWeb site

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