000-000-0000 [email protected]

Oslo, Norway — Elliptic Labs, the world leader in AI Virtual Smart Sensors™, announced today that a major Asian smartphone manufacturer has signed a licensing agreement for Elliptic Labs' products, representing their next set of design wins this year with that customer. This smartphone OEM will deploy Elliptic Labs' INNER BEAUTY® IV AI Virtual Proximity Sensor™ on its upcoming smartphone models, replacing the traditional infrared hardware proximity sensor with Elliptic Labs' software in order to achieve a full-screen design without compromising aesthetic or power requirements.

"We're pleased to secure additional design wins with this important customer in light of our platform's success on their breakthrough product earlier this year," said Laila Danielsen, CEO of Elliptic Labs. "This is a strong validation of our compelling value proposition, and we look forward to seeing the result when they launch their new product in the second half of 2019."

The INNER BEAUTY AI Virtual Proximity Sensor was first introduced to the world in 2016 and immediately revolutionized smartphone design by enabling manufacturers to replace hardware proximity sensors with a software-only solution for the first time, deprecating the need for thick bezels and making possible full-screen designs.

"We believe that our AI Virtual Smart Sensor Platform™ is highly suitable for OEMs," continued Danielsen, "as their demand for high performance, attractive design, and cost-efficient sensing capability is the premise of our technology. We are pleased to see continued strong customer momentum for our platform as a result."

INNER BEAUTY is a registered trademark of Elliptic Labs.

AI Virtual Smart Sensors, 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.