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BlackBerry Ltd T.BB

Alternate Symbol(s):  BB

BlackBerry Limited is a Canada-based company, which provides intelligent security software and services to enterprises and governments worldwide. The Company leverages artificial intelligence (AI) and machine learning to deliver solutions in the areas of cybersecurity, safety, and data privacy and specializes in the areas of endpoint management, endpoint security, encryption, and embedded systems. It operates in three segments: Cybersecurity, IoT, and Licensing and Other. Cybersecurity consists of BlackBerry UEM and Cylance cybersecurity solutions (collectively, BlackBerry Spark), BlackBerry AtHo, and BlackBerry SecuSUITE. The Company’s endpoint management platform includes BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces solutions. The IoT consists of BlackBerry QNX, BlackBerry Certicom, BlackBerry Radar, BlackBerry IVY and other Internet of things (IoT) applications. Licensing and Other consists of the Company’s intellectual property arrangements and settlement award.


TSX:BB - Post by User

Post by blackberryon Feb 10, 2021 3:38pm
146 Views
Post# 32528416

Hyundai will make flying cars for Uber’s air taxi service

Hyundai will make flying cars for Uber’s air taxi service

Last month, Hyundai teased a “flying car” concept that it was bringing to the Consumer Electronics Show in Las Vegas. The full-scale prototype is now on display at CES this week, but today, the South Korean automaker upped the ante. Not only will Hyundai mass produce these electric vertical takeoff and landing (eVTOL) aircraft, but it will also deploy them for Uber’s promised air taxi network. 

You’ll recall that Uber announced its aerial ambitions back in 2016 with a white paper that outlined a future “Uber Elevate” project. The ride-hailing company has said it wants to perform its own test flights in 2020, and plans to launch some version of an air taxi service in 2023, starting in Dallas, Texas, and Los Angeles, California. Uber also recently announced that it will offer helicopter rides in New York from lower Manhattan to John F. Kennedy International Airport.

Now Hyundai is along for the ride (flight?). It’s noteworthy because Hyundai is in essence lending its manufacturing credibility to Uber’s ambitious (if dubious) plan to launch an urban air taxi system by the mid-2020s. Based on the specs, though, Hyundai’s Personal Air Vehicle (PAV) won’t be some Sonata in the sky. With two tilt-rotors on the tail, and 10 other rotors distributed around the egg-shaped cabin, the aircraft is designed to take off vertically, transition to wing-borne lift in cruise, and then transition back to vertical flight to land.

The five-person vehicle will have a cruising speed of 180 mph (290 km/h) and a cruising altitude of around 1,000–2,000 feet (300–600 meters) above ground. Hyundai says by using smaller, electric-powered rotors, the vehicle will produce less noise than a combustion engine helicopter, which is crucial for cities worried about noise pollution. During peak hours, it will require only about five to seven minutes for recharging. And Hyundai says it will have a range of 60 miles (100 kilometers) between charging. 

And that’s not all. Hyundai also unveiled concepts for a landing hub and an eco-friendly “Purpose Built Vehicle” (PBV) for ground transportation to and from the station. The PBV resembles a beige rectangle and will utilize AI to find optimal routes and travel in platoons, Hyundai says. Each PBV will be able to serve various functions, such as transit, coffee shop, or medical clinic. 

Blackberry wrote Please note that Volkswagen was recently in China doing a feasibility study on their own flying car. I imagine QNX is a shoe in for both companies

Volkswagen is conducting research in China about developing flying cars, the automaker said in a statement on Tuesday.

"Beyond autonomous driving the concept of vertical mobility could be a next step to take our mobility approach into the future," the carmaker said in the statement. "We are investigating potential concepts and partners in a feasibility study to identify the possibility to industrialize this approach."

As the world's largest car market, as well as the German company's top consumer, China is a fitting place for Volkswagen to explore expanding its market into air travel.

"China is crucial for Volkswagen AG," Chairman of the Board of Management of Volkswagen wrote on LinkedIn on Tuesday. "We have to make better use of the high speed, ambition and, above all, the great innovative strength from China for Volkswagen."

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Read more: One of Apple's key execs might be moving to work on the tech giant's electric vehicle project. Here are the 3 auto companies that are most likely to build the car, experts say.

While many other companies have declared interest in the flying vehicle market, the production itself faces many hurdles, including battery power, cost, and safety restrictions.

Upward propulsion requires significantly more force than a typical car and would require more powerful batteries in order to go long distances.

Aircrafts require more expensive material and would likely only cater to a select group of consumers due to a high price threshold.

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See also: Buy these 50 under-owned stocks that will roar higher as growth and inflation lift off in 2021

Air travel also faces many more safety concerns. Automakers interested in developing flying cars would be forced to meet significantly more safety restrictions. Regulations for safe air travel with flying cars could take years to be put in motion.

Drone technology could be a stepping stone to flying cars. Volkswagen also plans to develop a drone that can be licensed out, the head of Volkswagen in China, Stephan Wllenstein, said Tuesday in an interview on LinkedIn.

Flying vehicles could be commercially available within a few years. Several companies have looked into producing flying electric jets and air taxis. 

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