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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 signed its second proof of concept (PoC) agreement with another top global Smart TV manufacturer. This project will bring Elliptic Labs' AI Virtual Smart Sensor Platform™ to the Smart TV OEM's product portfolio, offering added intelligence to these devices through the AI Virtual Presence Sensor™ and AI Virtual Gesture Sensor™.

"Signing on a second Smart TV manufacturer for a proof of concept agreement shows that our AI Virtual Smart Sensor Platform offers Elliptic Labs more market opportunities beyond the smartphone and PC industries," said Laila Danielsen, CEO of Elliptic Labs. "As the recognized leader in Virtual Smart Sensors™, we are empowered to fulfill our vision of making all electronic devices smarter, greener, and human-friendly through our software solutions. Our strong expertise in ultrasound, sensor fusion and AI brings innovative user experiences to new hardware product designs."

Smart TVs are a new vertical for Elliptic Labs' powerful and flexible AI Virtual Smart Sensor Platform. By providing contextual awareness to these Smart TV devices, AI Virtual Smart Sensors truly deliver innovative and critical user experiences. For instance, the AI Virtual Presence Sensor enables a Smart TV to detect whether a person is near the device, thus allowing it to save power by turning off the screen when a person isn't present.

INNER BEAUTY is a registered trademark of Elliptic Labs.

AI Virtual Smart Sensor, Virtual Smart Sensors, AI Virtual Smart Sensor Platform, AI Virtual Presence Sensor, and AI Virtual Gesture Sensor are trademarks of Elliptic Labs.

All other trademarks or service markets are the responsibility of their respective organizations.