Elliptic Labs Signs New Expansion License Agreement with Current Smartphone Customer

26 Jan 2026 07:00 CET

Oslo, Norway --- Elliptic Labs (OSE: ELABS) has signed a new license agreement
with an existing Top-5 global smartphone manufacturer, covering a minimum of
five smartphone models scheduled to be launched in 2026.

The agreement extends the manufacturer's use of Elliptic Labs' AI Virtual
Proximity SensorTM INNER BEAUTY® --- a software-only sensor that replaces
legacy proximity sensing hardware components. The solution delivers reliable
proximity detection while lowering hardware complexity and supporting more
sustainable devices, giving OEMs greater design freedom and a flexible
software foundation for continued innovation.

As smartphones evolve, intelligence is increasingly moving into the embedded
software layer --- turning sensing into a continuously running capability that
adapts in real time to real-world conditions. AI Virtual Smart Sensors are a
practical example: they deliver high-performance sensing through efficient
embedded software, replacing legacy hardware while enabling new levels of
scalability, product flexibility, and differentiated device design --- and
providing a foundation for further innovation without additional hardware
complexity.

"This agreement shows that our customers continue to choose Elliptic Labs as
they scale AI-based sensing across new smartphone launches," said Ola
Sandstad, CEO of Elliptic Labs. "AI in devices must work consistently across
environments and usage scenarios. Our AI Virtual Smart Sensor PlatformTM is
proven at scale and helps OEMs build better, more streamlined smartphones
generation after generation."

The agreement includes a guaranteed minimum license fee per model.

Contacts
Investor Relations
Ola Sandstad
ir@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 nearly 1 billion 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 Proximity Sensor, and AI Virtual Smart
Sensor Platform 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

664160_Elliptic Labs Signs New Expansion License Agreement with Current Smartphone Customer.pdf