Elliptic Labs Signs New Expansion License Contract for 10 Smartphone Models

07 Jan 2025 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 an expansion contract for at least 10 confirmed
models with an existing smartphone customer, with a guaranteed minimum license
fee for each model. These models are scheduled for phased rollout over the
upcoming 12-month period.

"Our AI Virtual Smart Sensor PlatformTM is a key driver of innovation in the
smartphone industry, and this latest expansion contract with a major
smartphone customer is yet another proof point," stated Laila Danielsen, CEO
of Elliptic Labs. "Elliptic Labs has established itself as a leader within the
smartphone industry, having delivered powerful, reliable, and value-driven AI
Virtual Smart Sensors to over 500 million devices worldwide. Our AI software
platform empowers smartphone OEMs to design devices that are greener, smarter,
and more user-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' 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
2025-01-07 07:00 CET.

More information:
Access the news on Oslo Bors NewsWeb site

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