Oslo, Norway — Elliptic Labs (OSE: ELABS), a global AI software company and the world leader in AI Virtual Smart Sensors, has signed a fifth expansion contract with an existing PC/laptop customer. This agreement allows the customer to continue expanding its use of Elliptic Labs’ AI Virtual Presence Sensor into more laptop models.
“The laptop market and our customer’s feedback toward our AI Virtual Smart Sensor Platform continues to be positive. As planned, our current laptop customer has expanded its contract with us for the fifth time so they can use our platform on more of their laptop models,” said Laila Danielsen, CEO of Elliptic Labs. “As the laptop market seeks to deliver smarter, greener, and more innovative products, our platform is positioned to address these needs for the global laptop market. With close collaboration with our eco-system and our strong customer traction, the laptop market represents a solid growth opportunity for us.”
Elliptic Labs' AI Virtual Presence Sensor
Elliptic Labs’ AI Virtual Presence Sensor detects when a user is present in front of a PC/laptop system. This allows the device to sleep when a user is absent, conserving battery life and electricity and safeguarding it from unpermitted access. Human-presence detection is becoming a core capability in the PC/laptop industry, but it is currently featured only in high-end devices due to the cost, risk, and design limitations associated with a dedicated hardware presence sensor. Elliptic Labs' software-only AI Virtual Presence Sensor delivers robust human-presence detection that allows OEMs to easily and affordably incorporate presence detection across a wide range of devices.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.