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The latest announcement is out from Elliptic Laboratories AS ( (DE:EIP) ).
Elliptic Labs has expanded deployment of its AI Virtual Smart Sensor Platform by shipping it on five new smartphone models launched in February 2026 by Xiaomi and Transsion, including popular Redmi and TECNO POVA series devices. This rollout underscores growing OEM adoption of the company’s software-only AI Virtual Proximity Sensor, which replaces dedicated hardware components to cut device costs, reduce sourcing risk, and improve power efficiency.
By embedding its INNER BEAUTY AI Virtual Proximity Sensor, Elliptic Labs enables core proximity functions such as turning off displays and disabling touch input during calls, helping conserve battery life and prevent accidental screen actions. The latest design wins strengthen Elliptic Labs’ position in the competitive smartphone supply chain, reinforcing its strategy of driving software-defined sensing at scale across successive device generations and models.
More about Elliptic Laboratories AS
Elliptic Laboratories AS is a global Edge AI company specializing in software-based, low-power on-device sensing for consumer and enterprise devices. Its AI Virtual Smart Sensor Platform enables contextual awareness and software-defined sensing without additional hardware or continuous cloud processing, and is deployed in more than 500 million devices worldwide.
Headquartered in Norway and listed on the Oslo Stock Exchange, Elliptic Labs develops and owns all its technology and intellectual property in-house. The company operates across key Asian and U.S. markets, focusing on scalable AI virtual sensors that enhance security, personalization, productivity, and user experience in AI-enabled devices.
YTD Price Performance: -45.51%
Average Trading Volume: 420,176
Current Market Cap: NOK389.6M
Learn more about EIP stock on TipRanks’ Stock Analysis page.

