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Elliptic Laboratories AS ( (DE:EIP) ) just unveiled an update.
Elliptic Laboratories ASA, a Norway-based Edge AI specialist listed on the Oslo Stock Exchange, develops software-only virtual smart sensors that bring always-on contextual awareness to devices without additional hardware or constant cloud use. Its AI Virtual Smart Sensor Platform is already embedded in more than 500 million devices worldwide, targeting both consumer and enterprise products, and is built on proprietary neural network runtimes and sensing models optimized for privacy, low power, and broad hardware compatibility.
The company has called an extraordinary general meeting for 27 March 2026 to seek shareholder approval for issuing 10,522,500 new shares as the second tranche of a recently completed private placement. The board is also asking for authorization to increase share capital for a planned subsequent offering and to renew a 10% share capital increase mandate, moves that would strengthen Elliptic Labs’ financial flexibility to support its growth strategy and expand its position in the rapidly evolving AI-enabled device market.
More about Elliptic Laboratories AS
Elliptic Laboratories ASA is a global Edge AI company that delivers low-power, on-device sensing technology at scale through its AI Virtual Smart Sensor Platform, enabling intelligent, always-on contextual awareness without extra hardware or continuous cloud connectivity. Its software-defined sensing solutions are deployed in more than 500 million devices across consumer and enterprise markets, enhancing security, personalization, productivity, and user experience while preserving privacy and minimizing power consumption.
The company specializes in efficient neural network execution using proprietary runtimes and custom sensing models designed for real-world environments and diverse hardware architectures, allowing seamless integration across product generations and device types. Headquartered in Norway and listed on the Oslo Stock Exchange, Elliptic Labs owns all of its technology and intellectual property, and maintains an international presence in the U.S., China, South Korea, Taiwan, and Japan, supporting long-term independent innovation in AI-enabled devices.
Average Trading Volume: 430,159
Current Market Cap: NOK352.7M
See more data about EIP stock on TipRanks’ Stock Analysis page.