Elliptic Laboratories AS ( (DE:EIP) ) has shared an announcement.
Elliptic Labs announced the launch of two smartphones, Xiaomi’s Redmi Turbo 4 and HONOR’s X8c, equipped with its AI Virtual Smart Sensor Platform. The AI Virtual Proximity Sensor, a key feature of the platform, provides robust proximity detection through a software-only solution, reducing device costs and sourcing risks by eliminating the need for dedicated hardware sensors. This advancement highlights Elliptic Labs’ commitment to shaping the future of technology by making devices more intuitive and user-friendly, thereby reinforcing its industry position and impact.
More about Elliptic Laboratories AS
Elliptic Labs is a global AI software company based in Norway, known for its AI Virtual Smart Sensors deployed in over 500 million devices. It specializes in creating software-only solutions that enhance personalization, privacy, and productivity across different devices and operating systems. The company is listed on the Oslo Stock Exchange and operates in various countries, including the USA, China, South Korea, Taiwan, and Japan.
YTD Price Performance: 9.65%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €101.9M
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