Elliptic Labs Signs Agreement with Current Laptop Customer to Power Internal Multi-Device Connectivity Solution

11 Jul 2025 07:00 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, today announced it has signed an agreement with a current
laptop customer. Under the terms of the contract, Elliptic Labs is delivering
its AI Virtual Smart Sensor PlatformTM to support the migration from a software
integration app provided by a partner to the customer's internal multi-device
connectivity solution.

The customer has previously used a third-party integration app to deploy
Elliptic Lab's AI Virtual Smart Sensor Platform across their device portfolio,
and the transition represents a strategic shift toward enabling tighter
integration of Elliptic Labs' AI Virtual Smart Sensor Platform directly into
the customer's software stack. By embedding Elliptic Labs' AI Platform into
their proprietary solution, the customer streamlines deployment across its
device portfolio and signals a deeper commitment to Elliptic Labs' technology
as a foundational component of its smart device roadmap.

"This agreement marks another strategic design win for Elliptic Labs in the
growing AI PC market and confirms the company's position as a trusted,
long-term platform partner. The connectivity solution will be deployed across
our customers' device portfolio and will rely on Elliptic Labs' software to
enable seamless interaction between devices," says Laila Danielsen, CEO of
Elliptic Labs.

As part of the system integration, the licensing structure is being updated to
align with the new connectivity solution. The change in licensing structure
may defer the timing of certain near-term revenues from existing agreements,
but significantly strengthens the long-term outlook for software deployment
with the customer.

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
2025-07-11 07:00 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

651089_Elliptic Labs Signs Agreement with Current Laptop Customer to Power Internal Multi-Device Connectivity Solution.pdf