Elliptic Labs New share capital registered

29 May 2024 11:30 CEST

Oslo, Norway --- Elliptic Labs (OSE: ELABS): Reference is made to the stock
exchange notice by Elliptic Laboratories ASA ("Elliptic Labs" or the
"Company") on 24 May 2024 regarding the share capital increases resolved by
the Company's board of directors in connection with the exercise of options
under the Company's share option program.

The share capital increase pertaining to the first of two issuances of new
shares has been registered with the Norwegian Register of Business
Enterprises:

Share capital: NOK 1,052,689.68
Total number of shares: 105,268,968
Par value of each share: NOK 0.01

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.

This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication at
2024-05-29 11:30 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

620007_Elliptic Labs New share capital registered.pdf