Elliptic Labs

[TekBot]

Elliptic Labs Signs License Agreement with grow platform GmbH, a Bosch company

Elliptic Labs is Chosen to Power New Safety User Experiences for portable security assistant “spexor”

Oslo, Norway – Elliptic Labs (EuroNext Growth: ELABS.OL), a global AI software company and the world leader in Virtual Smart Sensors, is announcing a new contract with grow platform GmbH, a Bosch company. This contract will be for the use of Elliptic Labs’ AI Virtual Smart Sensor Platform in grow’s upcoming generation of spexor, a portable security assistant.
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Elliptic Labs’ AI Virtual Smart Sensor Platform will employ spexor’s on-device hardware sensors to make the product smarter while adding features like accurate presence detection for better security and safety. spexor has chosen Elliptic Labs due to the ability to deliver higher quality innovations consistently at scale.

grow’s current spexor version offers features such as intruder detection in e.g. homes or vehicles, the ability to measure air quality, and more - all in a small, portable package. Furthermore, it has the potential to detect hazardous gases. The next generation of spexor will continue to offer these features, plus innovative experiences enabled by Elliptic Labs’ AI Virtual Smart Sensor Platform.

“We are excited to work with grow because spexor is already unique and we are proud to make it even more unique and smarter. Customers and partners are choosing Elliptic Labs because we deliver virtual smart sensors that enable wellness monitoring, proximity, presence and gesture detection cost-effectively at scale,” shared Laila Danielsen, CEO of Elliptic Labs.

“We’re looking forward to more collaborations with Elliptic Labs for future products that will truly make a difference in people’s lives,” explained Karsten Roenner, CEO at grow. Also the two founders of spexor, Tobias Riedel and Marko Häckel, are looking forward to the collaboration: “As we are working hard to make spexor not only the first but also the best portable security device in the world, we can rely on Elliptic Labs’ to continually innovate and bring useful user experiences to the market.”

About Elliptic Labs
Elliptic Labs is headquartered in Norway with presence in the USA, China, South-Korea, Taiwan, and Japan. Founded in 2006 as a research spin-off from Norway’s Oslo University, Elliptic Labs filed its IPO with the Euronext Growth Market in October, 2020. Elliptic Labs is now a global enterprise targeting the smartphone, laptop, IoT, and automotive markets. The Company’s patented AI software combines ultrasound and sensor-fusion algorithms to deliver intuitive 3D gesture, proximity, and presence sensing experiences. Its scalable AI Virtual Smart Sensor Platform creates software-only sensors that are sustainable, eco-friendly, and already deployed in over 150 million devices. Elliptic Labs is the only software company in the market that has delivered detection capabilities using AI software, ultrasound and sensor-fusion deployed at scale. Elliptic Labs’ technology and IP are developed in Norway and solely owned by the Company.

Kilde

[TekBot]

Mandatory notification of trade - Granting of stock options to primary insiders

Oslo, Norway – Elliptic Labs (EuroNext Growth: ELABS.OL), a global AI software company and the world leader in Virtual Smart Sensors, is announcing that 25,000 share options have on the 23rd of June 2021 been granted to Brian Daly, VP, Sales and Business Development as part of the Share Option Scheme approved by the Board of Direction and Annual General Assembly. The strike price for the options is NOK 178,40. Strike price is based on volume weighted average price (VWAP) 30 days before subscription date as verified by Optio Incentives AS (Organization number: 919 345 578).
Subscription Date: 18 June 2021.

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In connection with his appointment as Chief Financial Officer 81,500 share options has on 23.06.2021 been granted to Lars Holmøy. The strike price for the options is NOK 111,04. Strike price is based on volume weighted average price (VWAP) 30 days before subscription date as verified by Optio Incentives AS (Organization number: 919 345 578). Subscription Date: 08 February 2021 which is signatory date of employee contract.

After this Brian Daly holds 60,000 options and 0 shares and Lars Holmøy holds 81,500 options and 1,500 shares.

The options have a 3-year vesting period and vests in equal parts yearly and have an expiry date 2 years after the last vesting period.

Please see attachment for information on options allocated to primary insiders.

For further information:
Lars Holmøy, CFO
Tel +47 40284028
[email protected]

This information is subject to disclosure requirements set out in the Market Abuse Regulation EU 596/2014 Article 19.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

About Elliptic Labs
Elliptic Labs is headquartered in Norway with presence in the USA, China, South-Korea, Taiwan, and Japan. Founded in 2006 as a research spin-off from Norway’s Oslo University, Elliptic Labs filed its IPO with the Euronext Growth Market in October, 2020. Elliptic Labs is now a global enterprise targeting the smartphone, laptop, IoT, and automotive markets. The Company’s patented AI software combines ultrasound and sensor-fusion algorithms to deliver intuitive 3D gesture, proximity, and presence sensing experiences. Its scalable AI Virtual Smart Sensor Platform creates software-only sensors that are sustainable, eco-friendly, and already deployed in over 150 million devices. Elliptic Labs is the only software company in the market that has delivered detection capabilities using AI software, ultrasound and sensor-fusion deployed at scale. Elliptic Labs’ technology and IP are developed in Norway and solely owned by the Company.

Kilde

[stone]

Skal ikke mye til for å komme på største kjøp- eller salgsliste her om dagen…

[TekBot]

Elliptic Labs Signs First Enterprise Software License Contract with Leading Laptop OEM

Oslo, Norway – Elliptic Labs (EuroNext Growth: ELABS.OL), a global AI software company and the world leader in Virtual Smart Sensors, announced today that it has signed its first enterprise software license agreement with one of the top three leading global laptop/PC manufacturers. This agreement is for Elliptic’s AI Virtual Smart Sensor Platform and covers the OEM’s mid-tier high volume commercial laptops across multiple models.

Elliptic Labs’ AI Virtual Smart Sensors Platform enables features such as presence, heartbeat, breathing, proximity and touchless gesture detection. The company’s patented AI software combines ultrasound and sensor-fusion algorithms to deliver next generation user experiences.
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The innovative virtual smart sensors will provide the laptop a unique model for safety, interactivity, and productivity. By utilizing the laptop’s existing speaker and microphone, the AI Virtual Smart Sensor Platform sends and receives ultrasonic waves. These waves are translated by the AI Virtual Smart Sensor Platform into Virtual Smart Sensors offering different user experiences. In this instance, the AI Virtual Lock Sensor detects when the user leaves the laptop, automatically locking the system to reduce power consumption, prevent unwanted access, and increase security.

“Securing an enterprise license agreement with a leading OEM in the PC/laptop market is an incredible and important milestone for Elliptic Labs. It is exciting that our AI Virtual Smart Sensor Platform is being adopted for yet another vertical market. We are ideally positioned as laptop OEMs are looking for features that are deployed uniformly across all models, from low to high-tier,” stated Laila Danielsen, CEO of Elliptic Labs. “Our technology helps OEMs address increased market demand for smarter devices that are made responsibly. Being a software-only solution, Elliptic Labs’ AI Virtual Smart Sensor Platform empowers OEMs to offer innovative functionalities in their devices without introducing multiple hardware sensors, giving end-users more for less.”

About Elliptic Labs
Elliptic Labs is headquartered in Norway with presence in the USA, China, South-Korea, Taiwan, and Japan. Founded in 2006 as a research spin-off from Norway’s Oslo University, Elliptic Labs filed its IPO with the Euronext Growth Market in October, 2020. Elliptic Labs is now a global enterprise targeting the smartphone, laptop, IoT, and automotive markets. The Company’s patented AI software combines ultrasound and sensor-fusion algorithms to deliver intuitive 3D gesture, proximity, and presence sensing experiences. Its scalable AI Virtual Smart Sensor Platform creates software-only sensors that are sustainable, eco-friendly, and already deployed in over 150 million devices. Elliptic Labs is the only software company in the market that has delivered detection capabilities using AI software, ultrasound and sensor-fusion deployed at scale. Elliptic Labs’ technology and IP are developed in Norway and solely owned by the Company.

Kilde

[stone]

Fantastisk!

[Conda]

Dette er helt enormt!

[stone]

Ventet lenge på dette ja, spent på hvordan det slår ut på kurs! Redd det blir mindre enn vi forventer, men det finner vi snart ut

[Conda]

Ja tror ikke folk skjønner hvor stort dette er, så bare å hamstra aksjer til de presenterer tall som alle forstår

[stone]

Ja, topp 3 volum 50.5, 67.8 og 87 millioner enheter. Ved antagelse at de etter hvert inkluderer Inner Beauty i alle sine modeller til pris 2.5-4$ og en EBITDA på 50%, så burde dette gitt mye mer enn 8-10% utslag på kurs

[Conda]

I tillegg var det vel ikke bare proximity men også gesture osv… Så her snakker vi jo store volim, store inntekter og høy margin. Dette er jo en kjempe kontrakt i et nytt segment!

[stone]

Absolutt, men de får vel ikke mer enn 4$ per enhet tror du? Pga høyere volum og første kontrakt har de kanskje priset seg litt lavere også? Ser ut som flere funksjoner er inkludert i investor presentation “Time of flight/ Radar Sensor, $2.5-$4, Cybersecurity, no supply chain & more features”

[Conda]

Nei men gang det opp med 60 mill enheter og minst 50% margin, samt dette bare er den første av forhåpentligvis mange

[stone]

Jada, helt enig i at dette er enormt…og de tallene er per år!

[Fartin]

Lenovo størst etterfulgt av HP og Dell.

Så det er ca 50 Mill enheter pluss minus. Klarer de 15 kr enheten I overskudd er det vel 750 millioner kroner netto?? I så fall må jo denne meldingen være utrolig undervurdert??

[Conda]

Foreløpig bare i high volume mid range modellene. Men ja, denne meldingen virker utrolig undervurdert. Tror Q presentasjon med disse tallene må vises før store investorer får opp øynene. I mine øyne er det bare å handle mens mulig.

[stimar]

Har heldigvis sittet en god stund i Elabs. Med marginer på 50 % som guidet, så kan denne ryke i 1000, - nok innen utgangen av 2021.

[stone]

@Fartin

Lenovo størst etterfulgt av HP og Dell.

Så det er ca 50 Mill enheter pluss minus.

Ja, tallene jeg listet opp over er volum ELABS har oppgitt for disse 3
87 mill: Lenovo
67.8 mill: HP
50.5 mill: Dell

[Conda]

1000 innen utgangen av 2021 tror jeg er veldig optimistisk. Men det er jo bare software så de har jo ingen problemer med rask levering

Har ikke kursmål på 300 for å si det slik jeg heller

[stimar]

Kommer det en eller to nye slike avtaler, så holder jeg muligheten vidåpen

[Conda]

PoC har de jo allerede meldt på flere, så definitivt muligheter!