Elliptic Labs Signs New License Agreement with HONOR for More Smartphones
Elliptic Labs (OSE: ELABS), a global AI software company and the world leader in AI Virtual Smart Sensors™, has signed another license contract with HONOR. This contract covers multiple HONOR smartphones utilizing Elliptic Labs’ AI Virtual Proximity Sensor™ INNER BEAUTY®.
“We are seeing continued success in delivering the best-in-class AI Virtual Proximity Sensor to world-leading smartphone OEMs,” said Elliptic Labs’ CEO Laila Danielsen. “Our continued collaboration with HONOR demonstrates that the AI Virtual Smart Sensor Platform™ is a solid solution for smartphone proximity sensing. Global OEM customers like HONOR find great value in our 100% software-only solution to make devices smarter, greener, and more human-friendly.”
AI Virtual Proximity Sensor
Elliptic Labs’ AI Virtual Proximity Sensor turns off the smartphone’s display and disables the screen’s touch functionality when users hold the device up to their ear during a phone call. Without that capability to detect proximity, a user’s ear or cheek could accidentally trigger unwanted actions during a call, such as hanging up or dialing numbers while the call is ongoing. Turning off the screen automatically also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones across today’s market. Elliptic Labs’ AI Virtual Proximity Sensor delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk.
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 create Virtual Smart Sensors that 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 is listed on the Oslo Børs.
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.
INNER BEAUTY is a registered trademark of Elliptic Labs.
AI Virtual Smart Sensor, AI Virtual Proximity 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220608005415/en/
Elliptic Laboratories As Stock
The community is currently still undecided about Elliptic Laboratories As with 1 Buy predictions and 0 Sell predictions.
Based on the current price of 1.06 € the target price of 6 € shows a potential of 463.91% for Elliptic Laboratories As which would more than double the current price.
