BlackBerry Securing IoT Devices in New Licensing Deal with Swiss Consumer Electronics Maker Punkt

BlackBerry (TSX:BB; NYSE:BB) has announced it has signed a technology and brand licensing deal for “BlackBerry Secure” with a consumer electronics maker called Punkt Tronics AG.

As quoted in the press release:

The new agreement enables Punkt to bring to market a range of highly-secure products which will embed BlackBerry cybersecurity technology, be certified as BlackBerry Secure, and be shipped ready to safely and securely connect to home and enterprise networks.

“If 2017 has taught us anything it is that every device needs to be secured because any vulnerability will be found and exploited,” said Alex Thurber, SVP and GM of Mobility Solutions, BlackBerry. “With cybersecurity becoming a concern for every household and enterprise, savvy manufacturers like Punkt are recognizing the value of protecting the integrity of their innovations and the resonance our brand has with consumers who are increasingly anxious about the security of the products they choose to bring into their homes and lives.”

“At Punkt we’re focused on using technology to help us adopt good habits for less distracted lives, and we do this with carefully designed and elegantly crafted products,” said Petter Neby, CEO and Founder, Punkt. “By incorporating BlackBerry’s security technology into our premium products, we can now offer customers the highest level of security, without compromising on the simple, modern design they love.”

BlackBerry Secure is the most secure and comprehensive platform to connect people, devices, processes and systems. A BlackBerry Secure license provides product manufacturers with a deeply embedded security solution that comprises BlackBerry’s proprietary software and applications. Products built with components from the BlackBerry Secure software platform will have best-in-class security that helps safeguard end-user privacy and protects enterprises from attackers looking to exploit device vulnerabilities.

Click here to read the full press release.