Oslo, Norway -Elliptic Labs (EuroNext Growth: ELABS.OL), a global AI software company and the world leader in AI Virtual Smart Sensors, will feature its AI Virtual Proximity Sensor INNER BEAUTY® on the newXiaomi (HKSE: 1810.HK) Mi 11T smartphone.Xiaomi is the second-largest smartphone manufacturer in the world, and the Xiaomi Mi 11T, powered byMediaTek's Dimensity 1200 chipset, is launching globally.Elliptic Labs' AI Virtual Smart Sensor Platform enables software-only sensor solutions that either replace or augment existing hardware sensors, providing enhanced functionality at lower cost with fewer supply-chain constraints and with a more powerful environmental profile.Xiaomi has relied onElliptic Labs since 2016 to facilitate its leadership in smartphone innovation, usingElliptic Labs' AI Virtual Proximity Sensor INNER BEAUTY to manage proximity detection on its smartphones. "Elliptic Labs partnership withXiaomi is solid and we are pleased that they continue to use us in more smartphones as they have grown into the second-largest smartphone OEM in the world." saidLaila Danielsen , CEO ofElliptic Labs . "The AI Virtual Smart Sensor Platform allows manufacturers to introduce new features, while omitting hardware-based sensors, reducing cost and eliminating sourcing risk. We are confident that our AI Virtual Smart Sensor Platform will continue to provide the economies of scale, performance, and value that innovative partners likeXiaomi require to continue such growth." INNER BEAUTY, is a registered trademark 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 AI software combines ultrasound and sensor-fusion algorithms to deliver intuitive 3D gesture, proximity, and presence sensing experiences. Its scalable AI Virtual Smart Sensor Platform creates software-only sensors that are sustainable, eco-friendly, and already deployed in over 150 million 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 inNorway with presence in theUSA ,China ,South-Korea ,Taiwan , andJapan . Its technology and IP are developed inNorway and solely owned by the company. PR Contacts:Patrick Tsui pr@ellipticlabs.com Investor Relations: Lars Holmoy Lars.Holmoy@ellipticlabs.com
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