BB BlackBerry's QNX reaches 195 million vehicles BB BlackBerry's QNX reaches 195 million vehicles
BlackBerry Ltd (TSX:BB)
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Monday June 21 2021 - News Release
Mr. John Chen reports
BLACKBERRY QNX SOFTWARE IS NOW EMBEDDED IN OVER 195 MILLION VEHICLES
Strategy Analytics, a leading independent research firm, has determined BlackBerry Ltd.'s BlackBerry QNX software is now embedded in over 195 million vehicles, an increase of 20 million from the year before.
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.
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.