22 Sep 2023 07:00 CEST

Issuer

Elliptic Laboratories ASA

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 shipping its AI Virtual Proximity SensorTM
INNER BEAUTY® with Xiaomi's latest smartphones, the Redmi Note 13 and Note 13
Pro. Xiaomi, the world's third largest smartphone maker in the world, is
launching the Redmi Note 13 and Note 13 Pro smartphones for the Chinese
market. Elliptic Labs' partner MediaTek is driving the Redmi Note 13 with its
Dimensity 7200 chipset while Qualcomm's Snapdragon 7s Gen 2 chipset is at the
heart of the Note 13 Pro. The contract for this launch was previously
announced by Elliptic Labs.

"Elliptic Labs and Xiaomi have had a successful history together, and this
relationship continues with the best-selling Redmi Notes series," said Laila
Danielsen, CEO of Elliptic Labs. "Offering software-based innovations to the
biggest smartphone makers in the world shows Elliptic Labs' technological
leadership in AI, ultrasound, and sensor fusion. Our continued success in the
smartphone space further emboldens our commitment to enable the biggest OEMs
to deliver 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.


600063_Elliptic Labs Announces AI Virtual Smart Sensor PlatformTM on Xiaomi s Redmi Note 13 and Note 13 Pro Smartphones.pdf

Source

Elliptic Laboratories ASA

Provider

Oslo Børs Newspoint

Company Name

ELLIPTIC LABORATORIES ASA

ISIN

NO0010722283

Symbol

ELABS

Market

Euronext Oslo Børs