NEW Large Smartphone Manufacturer Signs Software License Contract With Elliptic Labs

This new buyer plans to make 100 million smartphones in 2021

Elliptic Labs (EuroNext Progress: ELABS.OL) has signed a software program license settlement contract with a big new buyer that plans to provide 100 million smartphones in 2021. This massive Asian smartphone OEM has chosen Elliptic Labs’ INNER BEAUTY® AI Digital Proximity Sensor to energy proximity detection in its upcoming mid-end smartphone as a begin. The introduction of Elliptic Labs’ AI Digital Good Sensor platform into its smartphone portfolio additionally opens up new capabilities for the OEM, permitting them to include options comparable to touchless gesture detection into their future smartphone fashions.

“It is a huge win for us and we’re thrilled to have secured an enterprise license contract with one other main smartphone model,” defined Elliptic Labs’ CEO Laila Danielsen. “With producers continually in search of higher options with a view to add extra intelligence to their gadgets, it’s crucial that the options are also greener and extra ecologically accountable. Elliptic Labs’ software-only answer reduces the necessity to mine uncommon minerals to create extra {hardware} sensors. Moreover, by utilizing our AI Digital Good Sensor Platform to make gadgets extra contextually conscious, OEMs are capable of flip off gadgets when customers should not close by, thereby saving on energy and emissions as nicely.”

INNER BEAUTY is a registered trademark of Elliptic Labs.

All different emblems or service markets are the accountability of their respective organizations.

About Elliptic Labs

Elliptic Labs is headquartered in Norway with presence within the USA, China, South Korea, Taipei, and Japan. Based in 2006 as a analysis spin-off from Norway’s Oslo College, it’s now a world enterprise concentrating on the smartphone, laptop computer, IoT, and automotive markets. The corporate’s patented AI software program combines ultrasound and sensor-fusion algorithms to ship intuitive 3D gestures, proximity, and presence-sensing experiences. Its scalable AI Digital Good Sensor platform creates software-only sensors which are sustainable, eco-friendly, and at the moment deployed in over 150 million gadgets. Elliptic Labs is the one software program firm on this planet that has delivered detection capabilities utilizing AI software program, ultrasound, and sensor-fusion know-how at scale. Elliptic Labs’ platforms and IP are developed in Norway and owned solely by the corporate.

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Contacts

Investor Relations:
Thor A. Talhaug
talhaug@ellipticlabs.com

PR Contacts:
Patrick Tsui
pr@ellipticlabs.com