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Oslo, Norway — Elliptic Labs (OSE: ELABS) The 2021 Annual Report for Elliptic Laboratories ASA, including the ESG report and Remuneration report, is enclosed.

The annual report in European Single Electronic Format (ESEF) is also available as an attachment to this release.

The Annual Accounts and Remuneration report were approved by the Board of Directors 27th of April 2022.

The Annual Report is also published on www.ellipticlabs.com..

This information is subject to the disclosure requirements in the Norwegian Securities Trading Act § 5-12.

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 software uses AI, ultrasound and sensor-fusion to deliver intuitive 3D gesture, proximity, presence, breathing and heartbeat detection experiences. Its scalable AI Virtual Smart Sensor PlatformTM creates software-only sensors that are sustainable, human-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. The company is listed on the Oslo Børs.

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.