BlackBerry Limited - BB STOCK NEWS

BlackBerry Limited (NYSE: BB) has announced leadership changes within its Board of Directors' standing committees, appointing Michael Daniels and Lisa Disbrow as Chairs of the Compensation, Nomination and Governance Committee, and the Audit and Risk Management Committee, respectively. Daniels, who has been on the committee since 2014, succeeds Prem Watsa, while Disbrow, an audit committee expert, takes over from Barbara Stymiest. Executive Chairman John Chen emphasized that these rotations reflect the company's commitment to strong corporate governance and shareholder engagement.

BlackBerry Limited (NYSE: BB) has partnered with Deloitte to enhance security in software supply chains for OEMs and mission-critical applications. The collaboration will utilize BlackBerry® Jarvis™, a software composition analysis tool, providing insights into security risks in open-source software and vulnerabilities. This joint effort aims to improve the security of transportation infrastructure, with a G7 Transportation Ministry already selecting their services. This initiative addresses the growing cybersecurity challenges faced by multi-tiered software supply chains.

On October 6, 2021, BlackBerry Limited (NYSE: BB) announced that John Chen, Executive Chairman & CEO, will lead a discussion on National Zero Trust Strategy at the Billington CyberSecurity Summit. This event features key experts from organizations like the U.S. Navy and CIA and will air on October 7 at 2:45 PM ET. The summit, running from October 6-8, highlights the importance of zero-trust security architecture in protecting critical infrastructure.

Visteon Corporation (NASDAQ: VC) and BlackBerry Limited (NYSE: BB) announced an expansion of their partnership to accelerate digital cockpit solutions for the automotive industry. As part of a multi-year agreement, Visteon will utilize BlackBerry's QNX software to develop advanced infotainment, instrument clusters, and telematics systems for various manufacturers. This collaboration builds on previous successes, including a 2017 project with a Chinese OEM. Visteon's SmartCore™ technology is expected to drive growth as it aligns with the increasing adoption of Android-based systems in vehicles.

BlackBerry Limited (NYSE: BB) has partnered with Ridecell Inc. to enhance fleet operations through the BlackBerry IVY™ platform. This collaboration will allow automotive OEMs to automate fleet management tasks, including diagnostics and vehicle access control, leveraging Ridecell's Fleet IoT Automation Platform. The integration of Ridecell's AI-driven NEMO Data Platform with BlackBerry IVY aims to provide real-time insights and generate crash analytics reports, complying with NHTSA regulations. This partnership positions BlackBerry as a key player in automotive software solutions.

BlackBerry Limited (NYSE: BB) announced the agenda for its 8th annual Security Summit on October 13, which will be hosted virtually. The event will feature keynotes from executives including CEO John Chen, and discussions on cybersecurity innovations and IoT technologies. Attendees will hear from industry leaders from organizations like AWS, GE Power, and the U.S. Congress. The summit aims to enhance understanding of current cybersecurity trends and practices. Registration is free, and interested parties can sign up at BlackBerry's website.

BlackBerry Limited (NYSE: BB) announced that Nitin Natarajan, Deputy Director of CISA, will speak at the BlackBerry Security Summit on October 13, 2021. In a discussion with Neelam Sandhu, he will address the evolving cyber threat landscape and CISA's priorities in managing critical infrastructure risks. The virtual event aims to unite global experts to discuss cybersecurity trends and innovations. BlackBerry secures over 500 million endpoints worldwide, emphasizing the need for collective defense against cyber threats.

BlackBerry Limited (NYSE: BB) reported Q2 fiscal 2022 revenue of $175 million, exceeding expectations. The Cyber Security segment generated $120 million, while IoT revenue reached $40 million. Non-GAAP loss per share was $0.06, with a GAAP loss of $0.25, impacted by a $67 million non-cash adjustment. The company appointed John Giamatteo as President of Cyber Security and continues to expand its footprint in the EV market. Cash reserves stand at $772 million. Outlook for FY 2022 will be detailed in the upcoming earnings call.

BlackBerry Limited (NYSE: BB; TSX: BB) announced on September 16, 2021, the upgrade of its SecuSUITE® for Government, now providing certified end-to-end encryption for group calls and instant messages. This enhancement secures communications against eavesdropping, particularly vital for government officials and enterprises globally. The technology currently protects 18 governments and has been certified by NIAP and NSA CSfC, ensuring a secure communication framework.