Emerging Technology

BlackBerry Limited (NYSE: BB; TSX: BB) today announced that Strategy Analytics, a leading independent research firm, has determined BlackBerry ® QNX ® software is now embedded in over 195 million vehicles, an increase of 20 million from the year before.

BlackBerry Logo Black (PRNewsfoto/Blackberry Limited)

BlackBerry QNX is the market leader for safety-certified embedded software in automotive.  Automakers and Tier 1s, including Aptiv, BMW, Bosch, Ford, GM, Honda, Mercedes-Benz, Toyota, and Volkswagen, trust BlackBerry QNX software for a broad range of critical systems.  These include Advanced Driver Assistance Systems (ADAS), Digital Cockpits and Secure Data Gateways, all of which are becoming increasingly prevalent in vehicles.  Furthermore, BlackBerry QNX is key to the future of the automotive industry, with design wins with 23 of the top 25 electric vehicle automakers, and providing a safe, reliable, and secure software foundation for autonomous drive vehicle systems.

BlackBerry also announced that BlackBerry QNX royalty revenue backlog has increased to $490 million at the end of its first quarter of fiscal year 2022.  This represents a 9% increase, from $450 million last year.  The backlog metric is calculated using contracted prices and future production volume estimates provided by the customer when they award BlackBerry a design win.  BlackBerry QNX has recently announced design wins with industry leaders such as Baidu, Desay SV, Scania, Volvo, and XPeng.

"BlackBerry continues to clearly demonstrate its leadership position in safety-critical embedded automotive software, with both an increased vehicle count and strong growth in royalty revenue backlog.  Achieving over 195 million vehicles marks the sixth consecutive year that this count has increased," said John Chen , Executive Chairman & CEO, BlackBerry.  "We continue to innovate our platform, which further strengthens our market advantage.  BlackBerry QNX is very well positioned to capitalize on the secular trends of greater safety-critical software in the car, the transition to electric vehicles and the move towards autonomous drive."

"BlackBerry's industry footprint continues to outpace overall market growth, as demonstrated by today's announcement, which was achieved in spite of a challenging year for the automotive industry," said Roger Lanctot , Director, Automotive Connected Mobility, Strategy Analytics.  "Over the past six years, BlackBerry has successfully extended its market impact beyond infotainment, enabling wider adoption of advanced, safety critical systems in connected-autonomous vehicles."

BlackBerry engaged with research and industry analyst firm, Strategy Analytics to verify the volume of vehicles embedded with BlackBerry QNX software, based on the number of BlackBerry QNX products that are shipped in the automotive market and the number of cars that contain BlackBerry QNX products and technology.  The vast majority of BlackBerry QNX software products that are integrated and used in automotive ECUs are licensed on a per-unit royalty basis.  BlackBerry QNX technology includes QNX ® Neutrino ® OS, QNX ® Platform for ADAS, QNX ® OS for Safety, QNX ® CAR Platform for Infotainment, QNX ® Platform for Digital Cockpits, QNX ® Hypervisor 2.2 and QNX acoustics middleware.

For more information on BlackBerry QNX visit BlackBerry.com/QNX .

For more information on why 23 of the top 25 electric vehicle automakers chose BlackBerry QNX click here .

For a description of the BlackBerry QNX royalty revenue backlog metric, please refer to BlackBerry's report on Form 10-Q for the first quarter of fiscal year 2021, available on BlackBerry.com/Investors .

About BlackBerry
BlackBerry (NYSE: BB; TSX: BB) provides intelligent security software and services to enterprises and governments around the world.  The company secures more than 500M endpoints including over 195M vehicles.  Based in Waterloo, Ontario , the company leverages AI and machine learning to deliver innovative solutions in the areas of cybersecurity, safety and data privacy solutions, and is a leader in the areas of endpoint security management, encryption, and embedded systems.  BlackBerry's vision is clear - to secure a connected future you can trust.

BlackBerry. Intelligent Security. Everywhere.

For more information, visit BlackBerry.com and follow @BlackBerry.

Trademarks, including but not limited to BLACKBERRY and EMBLEM Design are the trademarks or registered trademarks of BlackBerry Limited, and the exclusive rights to such trademarks are expressly reserved.  All other trademarks are the property of their respective owners. BlackBerry is not responsible for any third-party products or services.

Media Contact:
BlackBerry Media Relations
+1 (519) 597-7273
mediarelations@BlackBerry.com

Cision View original content to download multimedia: http://www.prnewswire.com/news-releases/blackberry-qnx-software-is-now-embedded-in-over-195-million-vehicles-301315834.html

SOURCE BlackBerry Limited

News Provided by PR Newswire via QuoteMedia

BlackBerry Cyber Insurance Study Reveals Businesses Hope for Greater Assistance in Paying Ransomware Demands

Eighty-one percent of respondents had a coverage limit under $600,000 below last year's median ransomware demand

WATERLOO, ON , Aug. 10, 2022 /PRNewswire/ -- BlackBerry Limited (NYSE: BB) (TSX: BB) and Corvus Insurance today released the BlackBerry Cyber Insurance Coverage study, showing businesses are increasingly concerned about how they will meet ransomware demands. Only 19 percent of those surveyed have ransomware coverage limits above $600,000 , while over half (59 percent) hoped the government would cover damages when future attacks are linked to other nation-states.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less

BlackBerry Cyber Insurance Study Reveals Businesses Hope for Greater Assistance in Paying Ransomware Demands

Eighty-one percent of respondents had a coverage limit under $600,000 below last year's median ransomware demand

WATERLOO, ON , Aug. 10, 2022 /PRNewswire/ -- BlackBerry Limited (NYSE: BB) (TSX: BB) and Corvus Insurance today released the BlackBerry Cyber Insurance Coverage study, showing businesses are increasingly concerned about how they will meet ransomware demands. Only 19 percent of those surveyed have ransomware coverage limits above $600,000 , while over half (59 percent) hoped the government would cover damages when future attacks are linked to other nation-states.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less

Semtech Corporation to Acquire Sierra Wireless

Creating a comprehensive IoT platform to enable the transformation to a smarter, more sustainable planet

  • Brings together the ultra-low power benefits of LoRa® with higher bandwidth capabilities of cellular for easy to use, interoperable solutions that enable innovation and growth for IoT globally
  • Expected to approximately double Semtech annual revenue and add greater than US$100 million of high margin IoT Cloud services recurring revenues
  • Expected to expand Semtech's IoT SAM by approximately 10x to US$10 billion by 2027
  • Expected to be immediately accretive to Semtech's non-GAAP EPS before synergies and generate US$40 million of run-rate operational synergies within 12-18 months post-close

Semtech Corporation (Nasdaq: SMTC), a leading global supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms, and Sierra Wireless, Inc. (Nasdaq: SWIR) (TSX: SW), a world-renowned Internet of Things (IoT) solutions provider, today announced a definitive agreement under which Semtech will acquire all outstanding shares of Sierra Wireless for US$31 per share in an all-cash transaction representing a total enterprise value of approximately US$1.2 billion, subject to customary closing conditions. The acquisition will significantly expand Semtech's addressable market and is expected to approximately double Semtech's annual revenue and create a strong and diverse portfolio of connectivity solutions for the growing IoT market, making it easier for customers to find innovative end to end solutions for any segment. The deal is also expected to be immediately accretive to Semtech's non-GAAP EPS before synergies and generate US$40 million of run-rate operational synergies within 12-18 months post-transaction close.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Sierra Wireless Announces Preliminary Second Quarter 2022 Financial Results

Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) today reported preliminary financial results for its second quarter of 2022. All results are reported in U.S. dollars and are prepared in accordance with the United States generally accepted accounting principles ("GAAP"), except as otherwise indicated below.

For the second quarter of 2022, preliminary revenues are expected to be between $185 million and $189 million. Adjusted EBITDA* is expected to be between $21 million and $23 million, as compared to first quarter 2022 adjusted EBITDA* of $15.8 million.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Sierra Wireless Confirms Discussions Regarding a Potential Transaction with Semtech

Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) today confirmed that it has engaged in advanced discussions regarding a potential transaction with Semtech Corporation (NASDAQ: SMTC) at a price of US$31 per share.

No assurance can be given that the Company will determine to continue such discussions or enter into any definitive agreement regarding any transaction or, if executed, whether any such transaction would be consummated. The Company does not intend to make any further press release or announcement regarding these matters unless and until it enters into a binding, definitive agreement with respect thereto.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

BlackBerry Supports Aerospace and Defense Market with new Future Airborne Capability Environment Conformance Certification

New Accreditation Enables BlackBerry QNX to More Rapidly Deploy Safe and Secure Software for Mission-Critical Systems

BlackBerry Limited (NYSE: BB; TSX: BB) today announced its QNX ® Software Development Platform 7.1 has achieved conformance to the latest Future Airborne Capability Environment (FACE™) technical standard as a General Purpose Profile Unit of Conformance (UoC), enabling developers to rapidly deploy safe and secure software solutions based on the BlackBerry ® QNX ® platform to deliver competitive and cost effective defense vehicle capabilities.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×