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    QTCOM   FI4000198031

QT GROUP OYJ

(QTCOM)
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Qt provides UX framework for Spotify's newest exploration: a limited release of Car Thing, a smart player for your car

10/12/2021 | 05:01am EST

Cross-platform approach set to fuel efficiencies

Espoo, Finland - 12 October 2021: The Qt Company today announces that the world's most popular audio streaming subscription service, Spotify, selected Qt as the framework for developing the UX for the limited release of Car Thing in the U.S., a smart player that fills your car with music, news, entertainment, talk and more.

In adopting Qt, developers are able to harness cross-platform tooling, making it possible to accelerate development of embedded device UIs. Car Thing, which launched in a limited release in April 2021, offers users a seamless and personalized in-car listening experience.

Spotify partnered with Qt for the development of Car Thing due to the maturity and stability of Qt WebEngine as an out of the box solution. With all the tools and libraries being developed and maintained by Qt, it allows manufacturers, such as Spotify, to concentrate on the application development.  

"We are thrilled to be a part of Spotify's innovative product launch. Car Thing is a perfect example of an embedded device that benefits from Qt's optimal tools for a different kind of UI development", says Juhapekka Niemi, Executive Vice President, Sales at The Qt Company.

Qt is used by more than 1.5 million developers in companies across the world including LG Electronics, Bosch and Rockwell Automation. Built with productivity as its cornerstone, Qt empowers companies to meet the increasing software market requirements driven by the exponential growth of the IoT market and the stagnant growth of available software developers. Qt puts next-generation user experience at the heart of product development, streamlining designer-developer processes and feedback cycles to ensure a higher success rate in delivery.

Media Contacts

For Qt - Babel PR

qt@babelpr.com

About The Qt Company

Qt Group (Nasdaq Helsinki: QTCOM) is a global software company with a strong presence in more than 70 industries and is the leading independent technology behind millions of devices and applications. Qt is used by major global companies and developers worldwide, and the technology enables its customers to deliver exceptional user experiences and advance their digital transformation initiatives. The company's net sales in 2020 totaled 79.5 MEUR, and it employs some 450 people. To learn more, visit https://www.qt.io/

https://news.cision.com/qt-group/r/qt-provides-ux-framework-for-spotify-s-newest-exploration--a-limited-release-of-car-thing--a-smart-p,c3430840

https://mb.cision.com/Main/14183/3430840/1479702.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Sales 2021 118 M 133 M 133 M
Net income 2021 22,7 M 25,8 M 25,8 M
Net cash 2021 23,0 M 26,1 M 26,1 M
P/E ratio 2021 146x
Yield 2021 0,02%
Capitalization 3 382 M 3 811 M 3 833 M
EV / Sales 2021 28,5x
EV / Sales 2022 20,7x
Nbr of Employees 455
Free-Float 64,3%
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Juha Pekka Varelius Chief Executive Officer
Jouni Lintunen Chief Financial Officer
Carl Robert Ingman Chairman
Tuukka Turunen Senior Vice President-Research & Development
Leena Maria Saarinen Independent Director
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