BlackBerry Limited (NYSE: BB) was able to secure a large customer in the form of the Volkswagen Group. This was the basis for a 3.55 percent increase in BB prices to $5.84 during the trading session on July 6.
Volkswagen gets various BlackBerry Limited (BB) solutions all at once, which will be utilized in forthcoming Volkswagen vehicles. Volkswagen, in particular, purchased a license for BlackBerry QNX technology with the intention of incorporating it into the VW automobile operating system. OS.
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BlackBerry QNX is a collection of real-time data protection solutions designed specifically for linked transportation. It is one of the few technologies that fulfill the highest safety criteria and that can be readily integrated and scaled within huge manufacturing ecosystems. QNX is already utilized by 45 different OEMs and is deployed in over 200 million vehicles globally.
The agreement with Volkswagen is another encouraging indicator that has alleviated investors’ fears about BlackBerry Limited’s (BB) capacity to effectively commercialize its advancements. BlackBerry’s unwillingness to create smartphones, as well as its switch to cloud services and software sales, made the company’s prospects in the automobile sector appear bleak.
Furthermore, there is fierce rivalry in the realm of cybersecurity, and many industry experts were doubtful about BlackBerry’s skills in this sector. However, BlackBerry Limited (BB) was able to find its niche by capitalizing on the trend toward safer and more electrically saturated automobiles.
Previously, linked automobiles had minimal cyber security or none at all, which was dangerous given the prospect of hacking crucial systems while the car was in motion. BlackBerry Limited (BB) specialists were able to develop a new QNX Neutrino system for controlling the car’s IT resources.
It separates drivers, the file system, and each program into its own information space, each with its own address. In the case of a breakdown, these discrete components may be restarted independently without affecting the overall performance and security of the IT auto system.