Elliptic Labs Signs New Expansion Contract with Existing PC Customer for more Laptops and, for the First Time, Accessories

11 Nov 2024 07:00 CET

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, has signed a new expansion contract with an existing PC
customer to bring next generation user experiences with the AI Virtual
Seamless SensorTM. This agreement enables the customer to implement Elliptic
Labs' AI Virtual Smart Sensor PlatformTM across additional laptop models and
accessories, with the support for more applications and use cases set to
launch between 2025 and 2026.

"Our expanded partnership with this leading PC customer reflects the growing
demand for intelligent and seamless device interoperability powered by our AI
Virtual Smart Sensor PlatformTM," said Laila Danielsen, CEO of Elliptic Labs.
"For the first time, we're bringing our AI technology beyond laptops to
include accessories, enhancing user experiences across a broader range of
devices and enabling valuable network effects from seamlessly integrated
accessories. This collaboration paves the way for innovative applications that
will redefine productivity, privacy, and personalization in 2025 and beyond."

"We continue to deliver on a key part of Elliptic Labs' strategy to go deeper
with existing customers while strengthening our footprint in the rapidly
growing market for AI PCs. The transition to AI-capable devices is the main
driver of the upcoming growth cycle in the PC/laptop industry, and Elliptic
Labs is proving our clear value proposition to this segment. We are technology
leaders in full-stack AI deployment -- from system level to the cloud --
adding new disruptive applications while making devices smarter, greener, and
more human friendly."

Contacts
Investor Relations:
Lars Holmøy
Lars.Holmoy@ellipticlabs.com

PR Contact:
Patrick Tsui
pr@ellipticlabs.com

About Elliptic Labs
Elliptic Labs' AI Virtual Smart Sensor PlatformTM brings contextual
intelligence to devices, enhancing user experiences. Our technology uses
proprietary deep neural networks to create AI-powered Virtual Smart Sensors
that improve personalization, privacy, and productivity.

Currently deployed in over 500 million devices, our platform works across all
devices, operating systems, platforms, and applications. By utilizing
system-level telemetry data to cloud-based Large Language Models (LLMs), the
AI Virtual Smart Sensor Platform delivers the unrivaled capability to utilize
output data from every available data source. This approach allows devices to
better understand and respond to their environment, making technology more
intuitive and user-friendly. At Elliptic Labs, we're not just adapting to the
future of technology -- we're actively shaping it. Our goal is to continue
pushing the boundaries of contextual intelligence, creating more intuitive and
powerful experiences for users worldwide.

Elliptic Labs is headquartered in Norway with presence in the USA, China,
South-Korea, Taiwan, and Japan. The company is listed on the Oslo Stock
Exchange. 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.

This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication at
2024-11-11 07:00 CET.

More information:
Access the news on Oslo Bors NewsWeb site

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