{"id":452225,"date":"2021-03-08T03:26:09","date_gmt":"2021-03-08T08:26:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=452225"},"modified":"2021-03-08T03:26:09","modified_gmt":"2021-03-08T08:26:09","slug":"elliptic-labs-expands-to-taiwan-and-signs-proof-of-concept-contract-with-a-new-pc-oem","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/elliptic-labs-expands-to-taiwan-and-signs-proof-of-concept-contract-with-a-new-pc-oem\/","title":{"rendered":"Elliptic Labs Expands to Taiwan and Signs Proof-of-Concept Contract With a New PC OEM"},"content":{"rendered":"

<\/p>\n

Elliptic Labs Expands to Taiwan and Signs Proof-of-Concept Contract With a New PC OEM<\/b><\/p>\n

OSLO, Norway–(BUSINESS WIRE<\/a>)–
\nContinuing its strong push into the PC\/laptop market, Elliptic Labs (EuroNext Growth: ELABS.OL) has expanded its team to Taiwan and signed a fifth Proof-of-Concept contract for its AI Virtual Presence Sensor, this time with another top-five PC manufacturer. This project will be done on an Intel Tiger Lake platform.\n<\/p>\n

\nElliptic Labs\u2019 AI Virtual Presence Sensor is a software-only solution that automatically turns a laptop\u2019s screen on and off based on whether a user is present in front of it or not. The virtual sensor does this by utilizing the laptop\u2019s existing speaker and microphone to transmit and receive ultrasound signals, then interprets those signals using AI and proprietary algorithms to detect when a user enters or leaves the area.\n<\/p>\n

\nElliptic Labs\u2019 continued success in achieving new PC partnerships demonstrates the value of its AI Virtual Presence Sensor while also underscoring the company\u2019s growth and credibility within the PC ecosystem. Elliptic Labs has established its technology as a critical capability of laptop\/PC designs, developing significant relationships and compatibility with the major platforms to ensure long-term PC market relevancy.\n<\/p>\n

\n\u201cAs we are capitalizing on the PC market momentum and the need for human presence detection \u2014 we are expanding our team to Taiwan where the major companies we are working with have a large presence: more than 85% of laptops sold worldwide are manufactured by Taiwanese companies,\u201d Elliptic Labs\u2019 CEO Laila Danielsen explained. \u201cWith the PC market experiencing a renaissance in 2020 \u2014 one that we anticipate will continue into 2021 and beyond \u2014 Elliptic Labs is perfectly positioned for a big growth trajectory in the near future.\u201d\n<\/p>\n

About Elliptic Labs<\/b><\/p>\n

\nElliptic Labs is headquartered in Norway with presence in the USA, China, South-Korea, Taipei, and Japan. Founded in 2006 as a research spin-off from Norway\u2019s Oslo University, Elliptic Labs filed its IPO with the Euronext Growth Market in October, 2020. Elliptic Labs is now a global enterprise targeting the smartphone, laptop, IoT, and automotive markets. The Company\u2019s 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. Elliptic Labs is the only software company in the market that has delivered detection capabilities using AI software, ultrasound and sensor-fusion deployed at scale. Elliptic Labs\u2019 technology and IP are developed in Norway and solely owned by the Company.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210308005306\/en\/<\/a><\/span><\/p>\n

Investor Relations:
\n<\/b>
Thor A. Talhaug
\n
talhaug@ellipticlabs.com <\/a><\/p>\n

PR Contacts:
\n<\/b>
Patrick Tsui
\n
pr@ellipticlabs.com<\/a><\/p>\n

KEYWORDS:<\/b> Norway Europe Taiwan Asia Pacific<\/p>\n

INDUSTRY KEYWORDS:<\/b> Data Management Consumer Electronics Technology Mobile\/Wireless Software Hardware<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Elliptic Labs Expands to Taiwan and Signs Proof-of-Concept Contract With a New PC OEM OSLO, Norway–(BUSINESS WIRE)– Continuing its strong push into the PC\/laptop market, Elliptic Labs (EuroNext Growth: ELABS.OL) has expanded its team to Taiwan and signed a fifth Proof-of-Concept contract for its AI Virtual Presence Sensor, this time with another top-five PC manufacturer. This project will be done on an Intel Tiger Lake platform. Elliptic Labs\u2019 AI Virtual Presence Sensor is a software-only solution that automatically turns a laptop\u2019s screen on and off based on whether a user is present in front of it or not. The virtual sensor does this by utilizing the laptop\u2019s existing speaker and microphone to transmit and receive ultrasound signals, then interprets those … <\/p>\n

Continue reading “Elliptic Labs Expands to Taiwan and Signs Proof-of-Concept Contract With a New PC OEM”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-452225","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nElliptic Labs Expands to Taiwan and Signs Proof-of-Concept Contract With a New PC OEM - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/elliptic-labs-expands-to-taiwan-and-signs-proof-of-concept-contract-with-a-new-pc-oem\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elliptic Labs Expands to Taiwan and Signs Proof-of-Concept Contract With a New PC OEM - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Elliptic Labs Expands to Taiwan and Signs Proof-of-Concept Contract With a New PC OEM OSLO, Norway–(BUSINESS WIRE)– Continuing its strong push into the PC\/laptop market, Elliptic Labs (EuroNext Growth: ELABS.OL) has expanded its team to Taiwan and signed a fifth Proof-of-Concept contract for its AI Virtual Presence Sensor, this time with another top-five PC manufacturer. 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