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Elliptic Labs Expands Relationship with Laptop OEM, Announcing Third PoC Agreement

May 18, 2021News

Oslo, Norway — Elliptic Labs (EuroNext Growth: ELABS.OL), a global AI software company and the world leader in Virtual Smart Sensors™, announced today that it has signed a third contract for a proof-of-concept (PoC) project with one of the top three laptop/PC manufacturers. This agreement features Elliptic’s AI Virtual Smart Sensor Platform™ on the OEM’s line of Small and Medium Business (SMB) laptops. This PoC project will highlight Elliptic’s AI Virtual Smart Sensor Platform, offering the AI Virtual Presence Sensor™ to enable the laptop to detect human presence and the AI Virtual Gestures Sensor™, enabling the laptop touchless 3D gesture detection.

“Adding more PoCs with this laptop OEM shows the solid progress Elliptic Labs is making in entering new verticals and market response to new products,” said Laila Danielsen, CEO of Elliptic Labs.  “Being a software-only solution, Elliptic Labs’ AI Virtual Smart Sensor Platform mitigates ongoing concerns about the tight global supply chain for hardware components and sensors.  The AI Virtual Smart Sensor Platform empowers OEMs to offer multiple AI Virtual Sensors in their devices without introducing hardware sensors, giving end-users more for less. Consequently, the interest in engaging with Elliptic Labs from both partners and customers has increased.”

Virtual Smart Sensors, AI Virtual Smart Sensor Platform, AI Virtual Presence Sensor, and AI Virtual Gesture Sensor are trademarks of Elliptic Labs.

All other trademarks or service markets are the responsibility of their respective organizations.

About Elliptic Labs

Elliptic Labs is a global enterprise targeting the smartphone, laptop, IoT, and automotive markets. Founded in 2006 as a research spin-off from Norway’s Oslo University, the company’s patented AI software combines ultrasound and sensor-fusion algorithms to deliver intuitive 3D gesture, proximity, and presence sensing experiences. Its scalable AI Virtual Smart Sensor Platform™ creates software-only sensors that are sustainable, eco-friendly, and already deployed in hundreds of millions of devices around the world. Elliptic Labs is the only software company that has delivered detection capabilities using AI software, ultrasound, and sensor-fusion deployed at scale. It filed its IPO with the Euronext Growth Market in October 2020.

Elliptic Labs is headquartered in Norway with presence in the USA, China, South-Korea, Taiwan, and Japan. Its technology and IP are developed in Norway and are solely owned by the company.

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