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 announced a new PoC contract with a global OEM leveraging its AI Virtual Smart Sensor Platform delivering ground breaking user experiences enabling new cohesive interactions across the product lineup.
Our AI technologies – including ultrasound and sensor fusion expertise – combined with our deep understanding of the smartphone, PC and chipset markets, enable Elliptic Labs to deliver compelling user experiences. We are the first to introduce a revolutionary software-only platform that facilitates effortless consumer interactions across a multitude of devices, culminating in a seamless and unparalleled user experience across all scenarios.
“Elliptic Labs continues to collaborate and expand our presence with all the leading OEMs. We stand at the brink of a transformative journey where AI, sensing, and device-to-device interoperability transcend data capture, allowing for ubiquitous sensing solutions. At the heart of this transformation lies our AI Virtual Smart Sensor Platform,” said Laila Danielsen, CEO of Elliptic Labs. “The value gained from strategic partnerships between our customers and Elliptic Labs becomes essential for the customer to deliver seamless user experiences while adding stickiness to their ecosystem.”
The PoC contract represents yet another Laptop expansion across the four globally leading OEMs on top of the 18 laptop models currently launched in the market. Elliptic Labs has achieved a distinct position within the industry, and while continued growth in the smartphone vertical is expected, expansion in the laptop market will be the main driver of Elliptic Labs’ medium-term exponential revenue growth to NOK 500 million in 2024-25.
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