Oslo, Norway, 6 November 2025 --- Laila Danielsen has decided to step down from her position as CEO of Elliptic Labs (OSE: ELABS) to pursue other opportunities after 12 years at the helm. The Board of Directors of Elliptic Labs has appointed Ola Sandstad as interim CEO with effect from 6^th November 2025. Sandstad has been with the company for close to five years, most recently as SVP Product Development and IR. He has some 20 years of experience in product leadership across commercial and technology domains in the IT and software industry.

-We have been true innovators and created an exciting market opportunity with our AI Virtual Smart Sensor Platform, and I am proud to have established strong customer relationships with several of the global leaders in the mobile and laptop industries. I am leaving Elliptic Labs in good shape, with a great team, and a solid growth outlook, says Laila Danielsen.

-On behalf of the Board I would like to thank Laila Danielsen for her commitment and contributions to the development of Elliptic Labs over many years. We wish her the best of luck going forward, says Svenn-Tore Larsen, Chair of the Board of Elliptic Labs.

For further information, please contact:
Svenn-Tore Larsen, Chair of the Board of Elliptic Labs, svenntlarsen@outlook.com