Elliptic Labs announces leadership transition Ola Sandstad appointed interim CEO

06 Nov 2025 07:00 CET

Oslo, Norway, 6 November 2025 --- Laila Danielsen has decided to step down
from her position as CEO of Elliptic Labs (OSE: ELABS) to pursue other
opportunities after 12 years at the helm. The Board of Directors of Elliptic
Labs has appointed Ola Sandstad as interim CEO with effect from 6th November
2025. Sandstad has been with the company for close to five years, most
recently as SVP Product Development and IR. He has some 20 years of experience
in product leadership across commercial and technology domains in the IT and
software industry.

-We have been true innovators and created an exciting market opportunity with
our AI Virtual Smart Sensor Platform, and I am proud to have established
strong customer relationships with several of the global leaders in the mobile
and laptop industries. I am leaving Elliptic Labs in good shape, with a great
team, and a solid growth outlook, says Laila Danielsen.

-On behalf of the Board I would like to thank Laila Danielsen for her
commitment and contributions to the development of Elliptic Labs over many
years. We wish her the best of luck going forward, says Svenn-Tore Larsen,
Chair of the Board of Elliptic Labs.

For further information, please contact:
Svenn-Tore Larsen, Chair of the Board of Elliptic Labs,
svenntlarsen@outlook.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.

This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication at
2025-11-06 07:00 CET.

More information:
Access the news on Oslo Bors NewsWeb site

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