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BLACKBERRY LIMITED

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Delayed Toronto Stock Exchange  -  04:00 2022-08-12 pm EDT
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BlackBerry-Powered PATEO Digital Cockpit Selected for 10+ New Vehicle Models Across Five OEMs

06/28/2022 | 04:31am EDT

BlackBerry Limited (NYSE: BB; TSX: BB) and PATEO, a leading Internet of Vehicles (IoV) technology service & product provider in China, today announced that PATEO's intelligent cockpit, PATEO CONNECT+, will be powered by BlackBerry QNX technology and put into mass production in more than ten individual models across five OEMs, including VOYAH, Hozon New Energy (NETA), a top private car company in China and two international automakers.

Leveraging the QNX Neutrino Real-Time Operating System (RTOS) and QNX Hypervisor to create an intelligent digital cockpit that delivers a more personalized and interactive driving experience, the collaboration marks another milestone following the two companies' agreement earlier this year to launch a pilot integrating BlackBerry IVY within PATEO's Service-Oriented Architecture (SOA) solutions with a leading Chinese automobile manufacturer's all-electric model lineup.

Ken (Yilun) YING, founder and Chairman of PATEO, said: 'BlackBerry is a leader in the embedded automotive software market and has gone from building secure mobile phones that changed the world to spearheading innovations in the software-defined vehicle space that are revolutionizing how cars are designed and driven. The latest cooperation between PATEO and BlackBerry will bring drivers and passengers alike a safer, more efficient and personalized cockpit experience while ensuring system security and reliability. We look forward to deepening our work together and building on our initial successes with automakers to usher in the next-generation of intelligent vehicle experiences.'

'As the market leader for safety-certified embedded software in the automotive sector, BlackBerry is committed to providing a safe, reliable, and secure software foundation for our partners' said Dhiraj Handa, VP, Asia Pacific region at BlackBerry. 'Underpinned by BlackBerry QNX technology, we're pleased that PATEO's leading-edge intelligent cockpit has been so heartily embraced by both Chinese and global automakers, enabling growing numbers of drivers around the world to get a first-hand look at where the future of the technology-enabled, in-car experience is headed.'

PATEO's intelligent digital cockpit uses multimodal technology to support interactions across multiple screens, including the cluster and center console, while offering the driver a more natural human-computer interaction (HCI) experience through an AI-based voice activated assistant. Augmented by a rich application ecosystem containing multimedia and navigation options, the cockpit provides deep customization capabilities to meet the diverse driving needs of the user.

Combining the high computing power of the Qualcomm Snapdragon SA8155 processor alongside the QNX Neutrino RTOS and QNX Hypervisor, PATEO CONNECT+ is both flexible and scalable. BlackBerry QNX software also enables PATEO to consolidate multiple systems with mixed criticality and different operating environments onto a single powerful hardware and software platform, reducing both the initial development and long-term costs of ownership while still ensuring the highest standards of functional safety and security, providing an enhanced, unified and integrated user experience to all passengers.

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 215M 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, endpoint 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, EMBLEM Design and QNX are the trademarks or registered trademarks of BlackBerry Limited, its subsidiaries and/or affiliates, used under license, 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.

About PATEO

Founded in 2009, PATEO CONNECT+ has now grown to be an IoV enterprise boasting an industry-leading capital structure & business scale in China and rich resources for serving auto clients.

PATEO possesses five core technologies of OS, intelligent voice, hardware, HD map and cloud platform, is mainly engaged in the R&D and manufacturing of intelligent telematics system and provision of subsequent supporting services, and commits itself to building a cross-platform system that integrates vehicle, Internet and mobile phone and centers on car life services.

Media Contact:

BlackBerry Media Relations

+1 (519) 597-7273

mediarelations@BlackBerry.com

PATEO Media Relations

+86 (21) 6037 2003

marketing@pateo.com.cn

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2023 690 M - -
Net income 2023 -542 M - -
Net Debt 2023 333 M - -
P/E ratio 2023 -7,49x
Yield 2023 -
Capitalization 3 911 M 3 911 M -
EV / Sales 2023 6,15x
EV / Sales 2024 5,46x
Nbr of Employees 3 325
Free-Float 98,2%
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John S. Chen Executive Chairman & Chief Executive Officer
Steve Rai Chief Financial Officer
Charles Eagan Chief Technology Officer
Christopher Hummel Chief Information Officer
Timothy David Dattels Independent Director
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