Elliptic Labs Signs Expansion Contract with Commercial Segment of PC Customer
03 July 2024 - 3:00PM
Business Wire
Elliptic Labs (OSE: ELABS), a global AI software company and the
world leader in AI Virtual Smart Sensors™ currently deployed in
over 500 million devices, has signed a new expansion contract with
the Commercial segment of an existing PC customer. This contract
will enable this customer to deploy Elliptic Labs’ AI Virtual
Presence Sensor Platform™ on more laptop models, to be launched
between 2024 and 2026.
"Our AI Virtual Smart Sensor Platform is proving its growing
value for our PC customers and the PC industry at large," said
Laila Danielsen, CEO of Elliptic Labs. "By introducing our deep
neural networks — Elliptic Labs’ Small Sensing Models — to more
production laptop models, we are adding contextual intelligence to
these devices. This is a key part of the transition to modern AI
PCs. The transition to AI-capable devices is the main driver of the
expected upcoming growth cycle in the PC/laptop industry, and
Elliptic Labs is well positioned to drive this transition with its
technological leadership in AI, ultrasound, and sensor fusion,
making devices smarter, greener, and more human friendly."
AI Virtual Smart Sensor, AI Virtual Human 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.
Elliptic Labs' AI Virtual Human Presence Sensor
Elliptic Labs’ AI Virtual Human Presence Sensor detects when a
user is present in front of a PC/laptop system. This allows the
device to sleep when a user is absent, conserving battery life and
electricity and safeguarding it from unpermitted access. Human
presence detection is becoming a core capability in the PC/laptop
industry, but it is currently featured only in high-end devices due
to the cost, risk, and design limitations associated with a
dedicated hardware presence sensor. Elliptic Labs' software-only AI
Virtual Human Presence Sensor delivers robust human-presence
detection that allows OEMs to easily and affordably incorporate the
capability across a wide range of devices.
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 Platform 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 joined the Oslo Børs main listing in March 2022.
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.
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PR Contacts: Patrick Tsui pr@ellipticlabs.com
Investor Relations: Lars Holmøy
Lars.Holmoy@ellipticlabs.com