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OSLO - Elliptic Labs (OSE:ELABS), a $105 million market cap technology company with strong financial health indicators and a current ratio of 7.85, has announced a collaboration with Intel Corporation to integrate its AI Virtual Smart Sensor Platform with Intel Core Ultra processors, including those in the Intel Evo Edition platform, according to a press release statement. According to InvestingPro, the company maintains more cash than debt on its balance sheet, positioning it well for strategic growth initiatives.
The partnership aims to enhance laptop functionality through software-based sensing capabilities without requiring additional hardware components. The collaboration will bring features such as automatic wake upon user detection, display power management that turns off screens when users step away, and device-to-device interoperability for file sharing and application transfers.
Elliptic Labs’ technology is already deployed in over half a billion devices globally, with specific implementations including Lenovo’s Smart Share feature that enables seamless interaction between devices.
"Working with Elliptic Labs strengthens the Intel Evo Edition platform’s mission of delivering the most intelligent mobile computing experiences," said Tom Wynn, Director of Premium Consumer Segment and Intel Evo Platform at Intel Client Computing Group.
The companies are also working with PC manufacturers on customized AI solutions while collaborating with operating system vendors to advance industry standards such as MIPI SDCA, which could help reduce barriers to entry and optimize platform costs.
Elliptic Labs, headquartered in Norway with offices across Asia and the United States, is listed on the Oslo Stock Exchange. The company’s technology utilizes deep neural networks and system-level data to create context-aware computing experiences.
In other recent news, Elliptic Labs reported its Q2 2025 earnings, revealing a revenue of NOK 24.6 million. This figure represents a 27% decline compared to the same period last year. Despite the drop in revenue, the company appears to have maintained investor confidence through strategic partnerships and future growth prospects. These developments have been notable in shaping investor sentiment. Furthermore, the company’s recent performance and alliances have been a focal point for analysts and investors alike. It’s important for stakeholders to monitor how these strategic ties might influence future earnings and revenue. As these partnerships evolve, they could play a crucial role in the company’s ongoing growth strategy.
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