Reference is made to the stock exchange notice on 11 November 2021 regarding exercise of options under the share option program of Elliptic Laboratories AS ("Elliptic Labs" or the "Company").
Pursuant to the sales process conducted by a third party for the shares issued upon the exercise of share options, the primary insider Brian Daly (Senior VP of Sales and Business Development) has sold 312 440 shares at a price of NOK 21.1318 per share.
See the enclosed forms for further details about the transactions.
This information is published in accordance with the disclosure requirements in Regulation EU 596/2014 (MAR) article 19 number 3 and section 5-12 of the Norwegian Securities Trading Act.
For further queries, please contact:
Lars Holmøy, CFO, [email protected]
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 Platform™ 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. 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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