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," saysLaila Danielsen , CEO ofElliptic 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 ofElliptic Labs . All other trademarks or service markets are the responsibility of their respective organizations. AboutElliptic Labs Elliptic Labs is a global enterprise targeting the smartphone, laptop, IoT, and automotive markets. Founded in 2006 as a research spin-off fromNorway'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 inNorway with presence in theUSA ,China ,South-Korea ,Taiwan , andJapan . Its technology and IP are developed inNorway 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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