Elliptic Laboratories AS (DE:EIP) has released an update.
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Elliptic Labs, a leader in AI Virtual Smart Sensors, has secured an expansion contract with a top global smartphone maker for at least 20 models, set to roll out over the next year. This move underscores the growing adoption of their software-only sensor solutions, which reduce device costs and enhance user experience by eliminating the need for hardware sensors. The expansion highlights Elliptic Labs’ role in driving innovation in the smartphone market, focusing on creating smarter and more sustainable devices.
For further insights into DE:EIP stock, check out TipRanks’ Stock Analysis page.
