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Oslo, Norway — Elliptic Labs (EuroNext Growth: ELABS.OL), a global AI software company and the world leader in AI Virtual Smart Sensors™, has expanded its existing relationship with a large Asian smartphone OEM by signing a software license agreement for additional smartphone models. Those models will use Elliptic Labs' INNER BEAUTY® AI Virtual Proximity Sensor™ to govern their proximity detection.

"Our current customers continue to include Elliptic Labs' technology in new iterations and lines of smartphone models, demonstrating the market momentum of our INNER BEAUTY AI Virtual Proximity Sensor," explained Laila Danielsen, CEO of Elliptic Labs. "Smartphone OEMs require innovative solutions that offer fresh design and more features while simultaneously driving down costs. Software solutions like Elliptic Labs' AI Virtual Smart Sensor Platform™ empower customers to create best-in-class devices while avoiding the supply chain concerns and increased costs associated with hardware components."

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.