Oslo, Norway - Elliptic Labs (EuroNext Growth: ELABS.OL), a global AI software
company and the world leader in AI Virtual Smart SensorsTM, 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 PlatformTM to the
Smart TV OEM's product portfolio, offering added intelligence to these devices
through the AI Virtual Presence SensorTM and AI Virtual Gesture SensorTM.
"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 SensorsTM, 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.
About Elliptic Labs
Elliptic Labs is a global enterprise targeting the smartphone, laptop, IoT, and
automotive markets. Founded in 2006 as a research spin-off from Norway's Oslo
University, the company's patented software uses AI, ultrasound and
sensor-fusion to deliver intuitive 3D gesture, proximity, presence, breathing
and heartbeat detection experiences. Its scalable AI Virtual Smart Sensor
PlatformTM creates software-only sensors that are sustainable, human-friendly and
already deployed in hundreds of millions of devices around the world. Elliptic
Labs is the only software company that has delivered detection capabilities
using AI software, ultrasound, and sensor-fusion deployed at scale. It filed its
IPO with the Euronext Growth Market in October 2020. 
Elliptic Labs is headquartered in Norway with presence in the USA, China,
South-Korea, Taiwan, and Japan. Its technology and IP are developed in Norway
and are solely owned by the company.
INNER BEAUTY is a registered trademark of Elliptic Labs.
 
AI Virtual Smart Sensor Platform, AI Virtual Sensor Platform, AI Virtual Smart
Sensor, Virtual Smart Sensor, Virtual Sensor, 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.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange