Elliptic Labs Appoints New CFO | Organization & Finance

OSLO, Norway–(Enterprise WIRE)–Mar 15, 2021–

Elliptic Labs (EuroNext Growth: ELABS.OL ) introduced right now that Lars Holmøy is appointed as the new CFO and Trader Relations (IR) efficient June 1, 2021. Holmøy will realize success Thor A. Talhaug, who has been engaged as CFO for seek the services of considering that 2019. Talhaug will keep on as the CFO and IR until Holmøy is onboard.

New Elliptic Labs CFO Lars Holmoy (Photograph: Organization Wire)

Holmøy is now at Talentech Group, a chief in HR tech offering a SaaS platform and resources for recruitment, onboarding, and enhancement of personnel. He is serving as CFO with a aim on finance, business advancement, method, and M&A.

Prior to Talentech Team, Holmøy was at dRofus, a world wide SaaS business for planning, knowledge administration and BIM collaboration and a completely owned subsidiary of NEMETSCHEK (ETR: NEM), in which he experienced a group CFO/CLO position with operational, lawful and finance tasks for their teams globally. Prior to this, he served seven yrs at PwC Consulting/PwC Authorized as a Senior Supervisor. Holmøy is a seasoned government with a passion for engineering and a established operational observe report. He has extensive working experience in creating small business plans for progress options, applying scheduling processes from the floor-up, and in scaling software organizations globally.

Holmøy has a Grasp of accounting and auditing from NHH, a Learn of Regulation from UiB, with added Intercontinental legislation scientific studies from the University of Alberta Law, Canada.

“I am happy to welcome Lars Holmøy to our leadership team,” mentioned Laila Danielsen, Elliptic Labs CEO. “His knowledge in foremost the money operations and investor relations of world-wide program companies will be significant as we are increasing our enterprise into new verticals. I am self-assured Lars will deliver solid leadership and is an excellent addition to the Elliptic Labs government workforce.”

“On behalf of our board of directors and all at Elliptic Labs, I thank Thor A. Talhaug for his potent contributions above the previous a long time,” mentioned Laila Danielsen. “He has been an critical contributor to our prosperous IPO and former cash raises. He has designed superior benefit for our firm and our shareholders.”

“I am fired up to be part of Elliptic Labs, a firm I have been following and favored as an modern enterprise addressing large marketplaces,” stated Lars Holmøy. “Elliptic Labs has exceptional strengths, a potent enterprise design, and a verified technological innovation. I look ahead to functioning with the group to execute on the company’s priorities, accelerate advancement, and increase price for shareholders and all stakeholders.”

Elliptic Labs is headquartered in Norway with presence in the United states of america, China, South-Korea, Taiwan, and Japan. Launched in 2006 as a research spin-off from Norway’s Oslo University, Elliptic Labs filed its IPO with the Euronext Progress Sector in October, 2020. Elliptic Labs is a international business focusing on the smartphone, notebook, IoT, and automotive markets. The Company’s patented AI software program combines ultrasound and sensor-fusion algorithms to supply intuitive 3D gesture, proximity, and presence sensing activities. Its scalable AI Virtual Wise Sensor Platform produces program-only sensors that are sustainable, eco-helpful, and by now deployed in about 150 million equipment. Elliptic Labs is the only software program organization in the marketplace that has sent detection abilities making use of AI software, ultrasound and sensor-fusion deployed at scale. Elliptic Labs’ technological innovation and IP are designed in Norway and only owned by the Firm.

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PUB: 03/15/2021 03:00 AM/DISC: 03/15/2021 03:01 AM

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