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Elliptic Labs Signs New Contract with Xiaomi for Multiple Smartphones

OSLO, Norway--(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 today, has signed another license agreement with Xiaomi, the third-largest smartphone manufacturer in the world. The new contract empowers Xiaomi to add Elliptic Labs’ AI Virtual Proximity Sensor™ INNER BEAUTY® as its proximity detection solution in multiple upcoming smartphones.

“It is extraordinary for the customer relationship between Elliptic Labs and Xiaomi to not only survive multiple generations of devices but thrive and continue to grow,” said Elliptic Labs’ CEO Laila Danielsen. “Together, Elliptic Labs and Xiaomi have been at the center of industry-defining designs, and we’re proud that we continue this legacy. Our collective passion for developing greener, safer, and more human friendly devices will always be the core of the relationship with Xiaomi.”

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 human presence detection 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.

Contacts

PR Contacts:
Patrick Tsui 
pr@ellipticlabs.com

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

Elliptic Labs

OSE:ELABS
Details
Headquarters: Oslo, Norway
CEO: Laila Danielsen
Employees: 75
Organization: PUB

Release Summary
Elliptic Labs has signed another license agreement with Xiaomi, the third-largest smartphone manufacturer in the world.

Contacts

PR Contacts:
Patrick Tsui 
pr@ellipticlabs.com

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

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