BlackBerry QNX Royalty Revenue Backlog Up 14% Year Over Year
WATERLOO, ON† June 22, 2022 /CNW/ — BlackBerry Limited (NYSE: BB; TSX: BB) today announced that Strategy Analytics, a leading independent research firm, has determined that BlackBerry® QNX® software is now embedded in more than 215 million vehicles worldwide, an increase from 20 million from the year before.
BlackBerry is the industry leader for safety-certified embedded software in the automotive industry, trusted by OEMs and Tier 1s across the industry, including BMW, Bosch, Continental, Honda, Mercedes-Benz, Toyota and Visteon. Automakers rely on BlackBerry QNX software for a wide variety of critical systems for today’s vehicles and for the next-generation software-defined vehicles of the future, as evidenced by the growth announced today and the company’s design win with 24 out of 10 25 Best Electric Vehicles Vehicle OEMs.
BlackBerry also announced that BlackBerry QNX royalty revenue backlog has increased to approximately $560 million at the end of the first quarter of the fiscal year 2023. This represents an increase of 14%, from approximately $490 million last year. The backlog metric is calculated annually using QNX’s royalty rates and current forecasts of expected volumes over the lifetime of a design. BlackBerry QNX has recently won design wins from industry leaders such as Aptiv, Denso, Ford, GM, Hyundai, LG Electronics, Magna and Volvo.
“BlackBerry remains the clear market leader in safety-critical embedded automotive software, with consistent vehicle growth from over 16 million in 2013 to over 215 million today. We are pleased to be trusted by automotive OEMs and Tier 1s all over the world. world,” said John Chen, Executive Chairman & CEO, BlackBerry. “Connected autonomous vehicles are at the heart of smart city development, so as the two key markets BlackBerry serves – IoT and cybersecurity – converge in an interdependent and combined market, our growth in the automotive industry will fuel the emergence of a trusted smart world.”
“BlackBerry remains the leading choice for safety-critical automotive software, deployed in millions of vehicles worldwide, and reflects an industry-leading strategic vision,” said Roger Lanctot, Director, Automotive Connected Mobility, Strategy Analytics. “Over the past seven years, BlackBerry has maintained and expanded its position in a rapidly changing market and successfully delivered innovative automotive software solutions that OEMs and Tier 1s embed into vehicles sold around the world.”
Strategy Analytics determined the number of vehicles embedded with BlackBerry QNX software based on the number of BlackBerry QNX products shipped to the automotive market and the number of vehicles containing BlackBerry QNX products and technology. The vast majority of BlackBerry QNX software products integrated and used in automotive ECUs are licensed on a royalty-per-unit basis.
BlackBerry QNX software 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 acoustic middleware.
For more information about BlackBerry QNX, visit BlackBerry.com/QNX.
Click here to learn more about why 24 of the top 25 electric vehicle manufacturers chose BlackBerry QNX.
Please refer to the BlackBerry report on Form 10-Q for the first quarter of fiscal year 2023, available at BlackBerry.com/Investors for a description of the BlackBerry QNX royalty income backlog.
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 about 215M vehicles. Located in Waterloo, Ontario, the company uses AI and machine learning to deliver innovative solutions in cybersecurity, security and data privacy solutions, and is a leader in endpoint management, endpoint security, encryption and embedded systems. BlackBerry’s vision is clear: to secure a connected future you can rely on.
blackberry. Intelligent security. Everywhere.
For more information, visit BlackBerry.com and follow @BlackBerry.
Trademarks, including but not limited to BLACKBERRY and EMBLEM Design, are trademarks or registered trademarks of BlackBerry Limited, and the exclusive rights in 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.
BlackBerry Media Relations
+1 (519) 597-7273
View original content to download multimedia: https://www.prnewswire.com/news-releases/blackberry-software-is-now-embedded-in-over-215-million-vehicles-301572840.html
SOURCE BlackBerry Limited
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2022/22/c7347.html