Elliptic Labs Signs Expansion Contract with Commercial Segment of PC Customer

Oslo, Norway — 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.