Search Contact
This page is available in multiple languages
Select Language

Elliptic Labs transfers to Oslo Børs main market

Back

  • The second transfer on Oslo Børs in 2022, bringing the total number of companies on the main list to 208
  • Market capitalisation of NOK 2.5 billion

 

Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 4 March 2022 – Oslo Børs, part of the Euronext Group, today congratulates the technology company Elliptic Labs on its transfer from Euronext Growth Oslo to the main list (ticker code: ELABS).

Elliptic Labs is a global AI software company and a world leader in AI Virtual Smart Sensors. Earlier this year the company announced that its AI Virtual Presence Sensor will be making its laptop debut on Lenovo’s ThinkPad T14 laptop.  

The admission price of Elliptic Labs shares was set at NOK 24 per share. Market capitalisation was NOK 2.49 billion on the day of listing.

Laila Danielsen, CEO of Elliptic Labs, said: “Our uplisting signals steady progress in growing the business as the leader in AI Virtual Smart Sensors, making all devices more intelligent, human-and environmentally-friendly. Our scalable software platform, established partner eco-system, delivery capabilities, and the talented team we’ve assembled provide the foundation for solid growth going forward.”

“Elliptic Labs is uniquely positioned to build upon our leadership in providing solutions that empower the smartphone, PC/laptop, and IoT industries to create more intelligent, human and environmentally friendly devices cost-effectively. Being on the Oslo Børs main list expands our audience of investors and has potential to improve the liquidity of our stock. We seek to create long-term shareholder value by moving boldly to execute on our strategic growth initiatives. Our entire team is incredibly energized by the opportunities ahead,” concluded Danielsen.

 

About Elliptic Labs

Elliptic Labs is a global enterprise targeting the smartphone, laptop, IoT, and automotive markets. Founded in 2006 as a research spin-off from Norway’s Oslo University, the company’s patented software uses AI, ultrasound and sensor-fusion to deliver intuitive 3D gesture, proximity, presence, breathing and heartbeat detection experiences. Its scalable AI Virtual Smart Sensor Platform™ creates software-only sensors that are sustainable, human-friendly and already deployed in hundreds of millions of devices around the world. Elliptic Labs is the only software company that has delivered detection capabilities using AI software, ultrasound, and sensor-fusion deployed at scale. The company joined the Oslo Børs main listing in March 2022.

Elliptic Labs is headquartered in Norway with presence in the USA, China, South Korea, Taiwan, and Japan. Its technology and IP are developed in Norway and are solely owned by the company. 

 

Download press release - Elliptic Labs

Press Release Footer

About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers and around €6.3 trillion in market capitalisation as of end September 2024, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
For the latest news, follow us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.

© 2024, Euronext N.V. - All rights reserved.