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The latest update is out from Elliptic Laboratories AS ( (DE:EIP) ).
Elliptic Labs has announced an expansion of its collaboration with an existing customer, adding five new smartphone models under a multi-year agreement. This streamlined agreement allows for easier scaling and includes automatic minimum volume commitments, enhancing predictability and efficiency. The expansion signifies the strength of Elliptic Labs’ AI Virtual Smart Sensor Platform and is expected to drive commercial momentum, with a minimum of 46 smartphone models committed for 2025.
More about Elliptic Laboratories AS
Elliptic Labs is a global AI software company headquartered in Norway, specializing in AI Virtual Smart Sensors. Their technology enhances user experiences by using proprietary deep neural networks to create AI-powered sensors that improve personalization, privacy, and productivity. The company is listed on the Oslo Stock Exchange and has a presence in the USA, China, South Korea, Taiwan, and Japan.
YTD Price Performance: -5.83%
Technical Sentiment Signal: Buy
Current Market Cap: €85.47M
For a thorough assessment of EIP stock, go to TipRanks’ Stock Analysis page.