Elliptic Labs Signs New Expansion License Contract with Existing Customer for 11 Smartphone Models

02 Apr 2025 08:00 CEST

Oslo, Norway --- Elliptic Labs (OSE: ELABS), a global AI software company and
the world leader in AI Virtual Smart SensorsTM currently deployed in over half
a billion devices, has signed a new expansion contract with an existing
smartphone customer - a Top-3 global smartphone OEM - for minimum11 confirmed
models. These models are scheduled for market launch within the upcoming 12-15
months.

"Elliptic Labs grew its smartphone business by 144% in 2024, launching on 66
models. In 2025, we've just signed our third expansion contract, adding
another 11 smartphone models. This brings the total to a minimum of 41 models
scheduled for deployment over the next 12 to 15 months," said Laila Danielsen,
CEO of Elliptic Labs. "This continued growth highlights our accelerating
market momentum. The world's top smartphone manufacturers consistently choose
our AI Virtual Smart Sensor PlatformTM because they see it as a core driver of
innovation. Our platform offers the intelligence and scale OEMs need to
deliver greener, smarter, and more intuitive devices."

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.

More information:
Access the news on Oslo Bors NewsWeb site

642809_Elliptic Labs Signs New Expansion License Contract with Existing Customer for 11 Smartphone Models.pdf