Oslo, Norway --- Elliptic Labs (OSE: ELABS), a global AI software company and
the world leader in AI Virtual Smart SensorsTM, has signed a fourth expansion of
its software license agreement with a current PC customer. This fourth expansion
of the existing agreement is to use the software-only AI Virtual Presence
SensorTM on several more laptop models in the future.

Elliptic Labs' AI Virtual Smart Sensor PlatformTM utilizes patented algorithms,
proprietary machine learning (ML) tools and sensor-fusion to create AI Virtual
Smart SensorsTM delivering innovative features such as human presence detection
scalable to billions of devices. 

"This fourth expansion of the contract with this PC customer validates the
importance of presence detection and the need for our technology for the PC
industry," says Laila Danielsen, CEO of Elliptic Labs. "This is in line with
what we communicated when we first signed up the Laptop customer, that our
technology would be implemented on more of their models. We are also working
with other leading Laptop manufacturers."
Elliptic Labs' AI Virtual Presence Sensor turns off the laptop's display and
puts the system to sleep when users are not present in front of the system.
Without that capability to detect a user's presence, the laptop remains on,
wasting battery life and electricity while leaving the system vulnerable to
unpermitted access. Human presence detection is becoming a core capability that
is currently featured only in high-end laptops. However, Elliptic Labs' AI
Virtual Presence Sensor delivers robust human presence detection without the
need for a dedicated hardware sensor. 
 
AI Virtual Smart Sensor, AI Virtual Presence 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.
 
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 create Virtual Smart Sensors that 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. The company is listed on the Oslo Børs.
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. 

Investor Relations: 
Lars Holmøy 
Lars.Holmoy@ellipticlabs.com

PR Contacts: 
Patrick Tsui 
pr@ellipticlabs.com

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