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An announcement from Elliptic Laboratories AS ( (DE:EIP) ) is now available.
Elliptic Labs has signed a new license agreement with an existing top-five global smartphone manufacturer to deploy its AI Virtual Proximity Sensor INNER BEAUTY across at least five smartphone models slated for launch in 2026. The deal, which includes a guaranteed minimum license fee per model, deepens the customer’s reliance on Elliptic Labs’ software-only sensing technology, allowing the OEM to reduce hardware complexity, pursue more sustainable designs, and differentiate future smartphones through scalable, AI-based embedded sensing that can be continuously updated without additional hardware, reinforcing Elliptic Labs’ position as a key enabler of software-driven innovation in the smartphone market.
More about Elliptic Laboratories AS
Elliptic Laboratories AS is a Norway-headquartered technology company specializing in AI-powered virtual smart sensors that replace traditional hardware components in devices such as smartphones. Its AI Virtual Smart Sensor Platform uses proprietary deep neural networks and system-level telemetry data, integrating with cloud-based large language models to deliver contextual intelligence that enhances personalization, privacy, and productivity across nearly 1 billion deployed devices. The company serves global OEMs across operating systems and device categories, with operations in the USA, China, South Korea, Taiwan, and Japan, and is listed on the Oslo Stock Exchange.
YTD Price Performance: -20.32%
Average Trading Volume: 437,980
Current Market Cap: NOK569.6M
For detailed information about EIP stock, go to TipRanks’ Stock Analysis page.