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An announcement from Elliptic Laboratories AS ( (DE:EIP) ) is now available.
Elliptic Labs has signed an agreement with an existing laptop customer to integrate its AI Virtual Smart Sensor Platform directly into the customer’s software stack, replacing a third-party integration app. This strategic shift enhances the deployment of Elliptic Labs’ technology across the customer’s device portfolio and strengthens its position in the AI PC market. While the new licensing structure may delay some near-term revenues, it significantly improves the long-term outlook for software deployment with the customer.
More about Elliptic Laboratories AS
Elliptic Labs is a global AI software company specializing in AI Virtual Smart Sensors, which enhance user experiences by providing contextual intelligence to devices. Their technology is deployed in over 500 million devices worldwide and is compatible with various operating systems and platforms. Headquartered in Norway, with a presence in the USA, China, South Korea, Taiwan, and Japan, Elliptic Labs is listed on the Oslo Stock Exchange and focuses on advancing contextual intelligence to create more intuitive user experiences.
Average Trading Volume: 286,815
Current Market Cap: NOK1.37B
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