📋 Tender Overview
BlackBerry Limited announced that Strategy Analytics a leading independent research firm has determined BlackBerry QNX software is now embedded in over 215 million vehicles worldwide an increase of 20 million from the year before.BlackBerry is the market leader for safety-certified embedded software in automotive 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 broad range of critical systems for the vehicles of today and for the next generation software-defined vehicles of the future as exampled by the growth announced today and the companys design wins with 24 of the top 25 Electric Vehicle OEMs . BlackBerry also announced that its BlackBerry QNX royalty revenue backlog has increased to approximately 560 million at the end of its first quarter of Fiscal Year 2023. This represents a 14 increase from approximately 490 million last year. The backlog metric is calculated annually using QNXs royalty rates and current projections of anticipated volumes over the lifetime of a design. BlackBerry QNX has recently achieved design wins with industry leaders such as Aptiv Denso Ford GM Hyundai LG Electronics Magna and Volvo.BlackBerry continues to be the clear market leader in safety-critical embedded automotive software with consistent growth in vehicles count from over 16 million in 2013 to over 215 million today. We are delighted to be trusted by automotive OEMs and Tier 1s around the world said John Chen Executive Chairman CEO BlackBerry. Connected-autonomous vehicles are central to the development of smart cities so as the two key markets that BlackBerry serves IoT and Cybersecurity converge into an interdependent and combined market our growth in the automotive industry will accelerate the emergence of a trusted smart world.BlackBerry remains the leading choice for safety-critical automotive software deployed in millions of vehicles globally reflecting an industry-leading strategic vision said Roger Lanctot Director Automotive Connected Mobility Strategy Analytics. Over the past seven years BlackBerry has retained and grown its position in a rapidly changing market and successfully delivered innovative automotive software solutions which OEMs and Tier 1s embed in vehicles sold around the world.Strategy Analytics determined 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 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 acoustics middleware.For more information on BlackBerry QNX visit BlackBerry.comQNX.For more information on why 24 of the top 25 electric vehicle automakers chose BlackBerry QNX click here.For a description of the BlackBerry QNX royalty revenue backlog metric please refer to BlackBerrys report on Form 10-Q for the first quarter of fiscal year 2023 available on BlackBerry.comInvestors.
