Magna partners with BlackBerry Ltd. in multiyear agreement to collaborate on development of integrated advanced driver assistance systems; BlackBerry to provide QNX OS for safety, QNX Platform for ADAS, engineering services

Sample article from our Automobile Industry

May 19, 2022 (press release) –

BlackBerry Ltd (TSX:BB)
Shares Issued 576,473,847
Last Close 5/17/2022 $7.71
Wednesday May 18 2022 - News Release

See Magna International Inc (TSX:MG) News Release

Mr. John Wall of BlackBerry Ltd. reports

BLACKBERRY AND MAGNA COLLABORATE ON NEXT-GENERATION ADVANCED DRIVER ASSISTANCE SYSTEM SOLUTIONS FOR GLOBAL AUTOMAKERS

BlackBerry Ltd. and Magna International Inc. have entered into a multiyear agreement to collaborate on various integrated advanced driver assistance systems (ADAS) solutions.

With OEMs (original equipment manufacturer) launching vehicles with ever expanded feature sets, the global ADAS market is set for significant growth over the next decade.

As part of the agreement, BlackBerry will provide Magna with QNX software, including the QNX Software Development Platform, QNX OS for Safety, QNX Platform for ADAS, as well as professional engineering services for system-level integration, performance optimization and solution validation.

"Magna's ADAS expertise and unique ability to integrate system solutions into various vehicle applications gives us a competitive advantage," said Sharath Reddy, senior-vice-president (SVP) at Magna Electronics. "Additionally, collaborating with companies like with BlackBerry helps us with speed to market."

"It's a great pleasure to work with another Canadian company -- and global market leader in the automotive market. Our collaboration brings together both company's software and functional safety strengths as part of a platform that is already being delivered to multiple global OEMs," said John Wall, SVP and co-head, BlackBerry Technology Solutions. "With software now being a driving force in the automotive industry, delivering compelling solutions that are seamlessly integrated into a vehicle allows OEMs to differentiate themselves. We are excited to be working with Magna, a fast-moving company on the cutting edge of ADAS, as the technologies undergo rapid adoption and expansion driven by a number of regulatory mandates that are on the horizon."

About BlackBerry Ltd.

BlackBerry provides intelligent security software and services to enterprises and governments around the world. The company secures more than 500 million end points, including 195 million vehicles. Based in Waterloo, Ont., the company leverages AI (artificial intelligence) 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 end point security, end point management, encryption and embedded systems. BlackBerry's vision is clear -- to secure a connected future you can trust.

About Magna International Inc.

Magna is more than one of the world's largest suppliers in the automotive space. The company is a mobility technology company with a global, entrepreneurial-minded team of 158,000 employees and an organizational structure designed to innovate like a start-up. With 60-plus years of expertise, and a systems approach to design, engineering and manufacturing that touches nearly every aspect of the vehicle, the company is positioned to support advancing mobility in a transforming industry. The company's global network includes 343 manufacturing operations and 91 product development, engineering and sales centres spanning 28 countries.

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