BlackBerry renames IoT division to QNX

BlackBerry Restricted (NYSE:BB) the actions are trading higher on Thursday.

The corporate introduced a reputation change for its division, previously referred to as “BlackBerry IoT”, renaming it “QNX” and relaunching the model to strengthen its presence within the automotive and integrated industries.

The transfer, which stems from suggestions from clients, companions and staff, marks a big milestone in QNX’s historical past, highlighting its position in offering next-generation software-defined autos and mission-critical techniques.

Acquired by BlackBerry in 2010, QNX has grow to be a significant participant in real-time working techniques. Final fiscal 12 months, QNX launched QNX SDP 8.0, a scalable basis for next-generation automotive and IoT techniques, alongside QNX Sound, an audio innovation platform for SDVs, and QNX In all places, an initiative designed to stimulate a extra open improvement surroundings. for QNX applied sciences.

John J. GiamatteoCEO of BlackBerry, highlighted that this rebranding is a part of the corporate’s technique to extend visibility and management in these sectors, with a concentrate on progress and innovation.

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QNX expertise is already built-in into greater than 255 million autos worldwide, in addition to crucial techniques in healthcare, industrial controls, robotics, and extra.

“BlackBerry is at an inflection level and QNX is properly positioned for the subsequent 10 years, as demand for superior hybrid cloud/edge computing capabilities turns into essential to driving a software-defined future. The investments we’ve got revamped the previous three years have put us on a well-defined path to capitalize on these traits,” mentioned Mattias Eriksson, President of QNX.

To assist the rebrand, BlackBerry has unveiled a refreshed emblem, web site and visible identification, which shall be showcased at CES 2025 in Las Vegas.

In response to BenzingaProBB inventory has gained greater than 14% over the previous 12 months. Buyers can acquire publicity to the inventory by way of SPDR S&P Kensho Future Safety ETF (NYSE:FITE).

Value motion: BB shares are buying and selling up 4.23% at $3.94 ultimately verify Thursday.

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This merchandise BlackBerry Renames IoT Division to QNX – What’s Driving the Change? initially appeared on Benzinga.com

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