Blackberry Stock Price, News & Analysis

BlackBerry Limited (NYSE: BB; TSX: BB) announced that its BlackBerry Protect and Optics products received the maximum AAA rating for the second consecutive year from SE Labs' Enterprise Advanced Security Test. The evaluation highlighted its AI-driven endpoint protection (EPP) and endpoint detection and response (EDR) solutions, which demonstrated full coverage against various cyber threats. BlackBerry achieved 100% protection accuracy against advanced persistent threats (APTs). This recognition follows previous accolades for BlackBerry’s cybersecurity offerings, reaffirming its commitment to securing endpoints effectively.

BlackBerry Limited (NYSE: BB) revealed findings from its 2022 Annual Threat Report, emphasizing a rise in cyberattacks targeting small to mid-sized businesses. The report highlights small businesses facing up to 11 cyberthreats daily and the trend of outsourcing among cybercriminals, which contributed to significant ransomware incidents. Additionally, it points out that public cloud platforms are increasingly being used to host malware. The report calls for a stronger adoption of Zero Trust security practices across sectors to mitigate these evolving threats.

Tech+IP acted as BlackBerry's exclusive advisor in a significant US$ 600 million transaction involving the sale of over 35,000 patents and related assets. This deal, considered the largest of its type, includes firms such as Catapult Innovations and Third Eye Capital. Tech+IP expressed that this transaction underscores the value of R&D investments and aims to enhance BlackBerry's core business and shareholder value. Previous advisory roles by Tech+IP for BlackBerry include the sale of its Paratek Antenna assets in 2020 and a $940 million arbitration against Qualcomm.

BlackBerry Limited (NYSE: BB; TSX: BB) announced a patent sale agreement with Catapult IP Innovations Inc. for $600 million. This deal involves the sale of non-core patent assets, excluding those vital to BlackBerry's operations. The company will receive $450 million in cash and a $150 million promissory note, payable over five years. The completion of the transaction requires regulatory approvals, which may take up to 210 days. BlackBerry intends to continue its core business without disruption, as customers will not be affected by this transaction.

BlackBerry Limited (NYSE: BB) announced that its QNX® OS for Safety has been selected by Critical Software to enhance safety in Portugal's national rail system. The partnership aims to improve safety measures by implementing a railway protection system that performs supervision for maintenance vehicles, ensuring speed compliance and preventing dangerous scenarios. The pre-certified QNX OS meets stringent safety standards, including ISO 26262 and IEC 61508. This collaboration underscores BlackBerry's commitment to developing secure, reliable solutions across various industries.

BlackBerry Limited (NYSE: BB; TSX: BB) and the University of Waterloo have launched the Water Innovation Challenge, inviting proposals that apply BlackBerry technologies to address global water challenges. This initiative, open from January 10 to February 24, 2022, aims to enhance water security and resilience under the United Nations Sustainable Development Goals. The challenge focuses on cybersecurity in water systems and Internet of Things (IoT) solutions, fostering collaboration in research and technological innovation.

BlackBerry Limited (NYSE: BB) announces a strategic partnership with PATEO, a leading IoV provider in China, to integrate BlackBerry IVY™ into PATEO's Digital Cockpit solution. This collaboration aims to develop innovative, data-driven in-vehicle services and enhance business opportunities in the Chinese electric vehicle market. A pilot project will involve a major Chinese automotive manufacturer, with plans to incorporate advanced AI software from Electra Vehicles. BlackBerry's suite will be showcased at CES in Las Vegas from January 5-8, 2022.

BlackBerry Limited (NYSE: BB; TSX: BB) unveiled the BlackBerry IVY™ Intelligent Vehicle Data Platform at CES 2022, showcasing its adaptive features for software-defined vehicles. The demo highlights real-time AI-driven enhancements aimed at improving driver and passenger experiences during electric vehicle road trips. Collaborations with Amazon Web Services, HERE Technologies, Car IQ, and Electra Vehicles enable capabilities like predictive analysis, payment solutions, and battery optimization. This marks the first public display of BlackBerry IVY on hardware, emphasizing its potential for OEMs and the transportation industry.

BlackBerry Limited (NYSE: BB) has enhanced its BlackBerry Jarvis software analysis tool, enabling compliance with the U.S. government's new software bill of materials (SBOM) requirements. This tool assists vendors to the federal government by generating comprehensive SBOM reports, vital for cybersecurity management. The new feature aligns with Executive Order 14028, aimed at improving national cybersecurity. With this upgrade, BlackBerry Jarvis becomes one of the first tools to facilitate compliance, aiding embedded software developers in securing their products against vulnerabilities.