Mr. John Chen reports

BLACKBERRY SOFTWARE IS NOW EMBEDDED IN OVER 235 MILLION VEHICLES

BlackBerry Ltd. has noted that TechInsights has determined BlackBerry QNX software is now embedded in over 235 million vehicles worldwide -- a year-over-year increase of 20 million. TechInsights is a leading technology analysis and market research firm.

BlackBerry is the automotive industry's most secure and safety-certified embedded software, trusted by most leading OEMs (original equipment manufacturers) and Tier 1s, including BMW, Bosch, Continental, Dongfeng Motor, Geely, Honda, Mercedes-Benz, Toyota, Volkswagen, Volvo and more. BlackBerry QNX delivers foundational software for the vehicles of today and the software-defined vehicles of the future, from digital cockpits and advanced driver assistance systems (ADAS), to infotainment systems and domain controllers.

BlackBerry also recently announced that its BlackBerry QNX royalty backlog has increased to approximately $640-million at the end of its fiscal year 2023. This represents a 14-per-cent increase over three quarters, from approximately $560-million reported at the end of the first quarter of fiscal year 2023. The backlog metric is calculated using QNX's royalty rates and current projections of anticipated volumes over the life time of a design. In fiscal year 2023, BlackBerry QNX achieved 94 design wins, including with Daimler Truck, Denso, Ford, Hyundai, Jaguar Land Rover, Visteon and more.

"In 10 years, BlackBerry QNX has expanded from being in over 16 million vehicles to over 235 million today. Undoubtedly, we are the market leader for secure and safety-certified automotive software," said John Chen, executive chairman and chief executive officer, BlackBerry. "As vehicles become increasingly software-defined, our value proposition becomes even more critical to their development and the smart cities they are central to the advancement of. BlackBerry is pleased to be the long-standing and trusted partner of the automotive industry, and to be key to the emergence of a trusted smart world."

"BlackBerry's continued dominance in the automotive market is a testament to the ingenuity and versatility of QNX in the context of an evolving market and application space," said Roger C. Lanctot, director of automotive mobility, TechInsights. "Even more impressive is BlackBerry's positioning at the fulcrum of multiple IoT [Internet of things] market opportunities, as the convergence of the IoT and cybersecurity will unlock the value of the IoT across smart cities, health care, manufacturing and more."

TechInsights, which acquired Strategy Analytics in 2022, determined the volume of vehicles embedded with BlackBerry QNX software based on the number of BlackBerry QNX products that are shipped in the automotive market and the number of cars that contain BlackBerry QNX products and technology. The vast majority of BlackBerry QNX software products that are integrated and used in automotive ECUs are licensed on a per-unit royalty basis.

BlackBerry QNX software includes QNX Neutrino OS, QNX Platform for ADAS, QNX OS for Safety, QNX CAR Platform for Infotainment, QNX Platform for Digital Cockpits, QNX Hypervisor 2.2 and QNX acoustics middleware.

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 over 235 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.