Elliptic Laboratories AS (DE:EIP) has released an update.
Elliptic Labs has secured a new software license agreement with a smartphone manufacturer, allowing their AI Virtual Proximity Sensor to be integrated into future smartphone models. This software-only solution enhances proximity detection without the need for hardware, offering cost savings and reducing sourcing risks. The deal underscores the growing appeal of Elliptic Labs’ technology, which aims to make devices smarter and more environmentally friendly.
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