BlackBerry Limited (NYSE:BB) shares are trading relatively flat in the morning session on Thursday.
Yesterday, the company announced that Hyundai Mobis, a subsidiary of the Hyundai Motor Group (OTC:HYMTF), has selected BlackBerry QNX to power its next-generation digital cockpit platform.
Hyundai Mobis will use BlackBerry's QNX Hypervisor for Safety and QNX Advanced Virtualization Frameworks (QAVF) for its next-generation digital cockpit platform.
"With BlackBerry QNX technology underpinning our next generation digital cockpit platform, together we are helping to deliver a smarter and more technologically sophisticated future for drivers and passengers alike, without sacrificing safety, security or reliability," said Sung-Hoon Lee, SVP of Sales Division at Hyundai Mobis.
QNX's foundational software supports digital cockpits and advanced driver assistance systems (ADAS) to infotainment systems and domain controllers at lower cost.
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"We're confident that automakers worldwide will embrace Hyundai Mobis' cutting-edge digital cockpit platform as they enhance the safety and personalization of the in-car experience," said Dhiraj Handa, VP, Asia Pacific region at BlackBerry QNX.
On October 31, BlackBerry announced an expansion of its long-standing collaboration by inking a pact of BlackBerry QNX with Intel Corporation.
Last month, the company announced details of profitability for its IoT and Cybersecurity divisions, including strategic options for the Cylance business.
BlackBerry projected FY25 cyber revenues between $350 million and $365 million and optimistic about achieving break-even results, signaling a potential turnaround after previous challenges.
In a press release dated September 26, the company said it expects FY25 revenues of $591 million – $616 million.
According to Benzinga Pro, BB stock has lost 39% in the past year.
Price Action: BB shares are trading higher by 0.31% to $2.297 at last check Thursday.
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