STUTTGART, Germany and WATERLOO, ON - ETAS GmbH and BlackBerry (NYSE:BB) QNX announced a partnership to jointly market and sell integrated software solutions aimed at accelerating the development of safety-critical functions in software-defined vehicles (SDVs).
The collaboration extends the companies' existing technical partnership, combining ETAS middleware based on AUTOSAR Adaptive with the QNX® Operating System to support the creation of vehicle computer/domain controller electronic control units (ECUs).
The partnership also encompasses ETAS' cybersecurity technologies, including automotive firewall and host-based intrusion detection systems, designed to help automakers and suppliers maintain continuous security monitoring in line with UN-R 155 and ISO/SAE 21434 standards.
This move comes as the automotive sector increasingly transitions towards SDVs, with a growing need for reliable software that adheres to the AUTOSAR Adaptive standard. The software provided by ETAS and BlackBerry QNX is expected to serve as a robust platform for data management, communication, task execution, and safety, among other functions, which are crucial for the advancement of automotive technology and the facilitation of new features in vehicles.
Mariella Minutolo, Executive Vice President Sales and Member of the ETAS Board of Management, highlighted the significance of the partnership, stating that it represents a step forward in supporting rapid technological changes in the industry. Grant Courville, Vice President, Products & Strategy at BlackBerry QNX, emphasized the importance of optimized software and technology integration for the success of next-generation connected vehicles.
The joint offering will be showcased at the embedded world exhibition in Nuremberg, Germany, where both companies will have booths.
ETAS, a subsidiary of Robert Bosch GmbH, offers a range of services and products, including basic vehicle software, middleware, and cybersecurity solutions. BlackBerry QNX is known for its intelligent security software and services, with its technology currently used in over 235 million vehicles worldwide.
This partnership is based on a press release statement and aims to provide a safe and secure foundation for the future of mobility, focusing on the rapidly evolving needs of the automotive industry.
InvestingPro Insights
In the context of the recent partnership between ETAS GmbH and BlackBerry QNX, it's pertinent to consider the financial metrics and analyst insights for BlackBerry, which may influence the company's ability to capitalize on the growing market for software-defined vehicles (SDVs). According to InvestingPro data, BlackBerry has a market capitalization of $1.82 billion, reflecting its position in the industry. Despite a notable revenue growth of 30.03% over the last twelve months as of Q4 2024, the company is not currently profitable, with an operating income margin of -4.1%.
InvestingPro Tips suggest that analysts are cautious about BlackBerry's near-term profitability, with no expectations for the company to be profitable this year and a consensus that sales may decline. Additionally, the company operates with a moderate level of debt and is trading at a high EBITDA valuation multiple. These factors could be crucial for investors considering the company's potential growth and financial health amidst its strategic initiatives.
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