BlackBerry secures $100-million deal for new automotive software, Alloy Kore

BlackBerry secures $100-million deal for new automotive software, Alloy Kore SEAN SILCOFF TECHNOLOGY REPORTER PUBLISHED 11 MINUTES AGO Open this photo in gallery: BlackBerry CEO John Giamatteo, centre, rings the opening bell at the New York Stock Exchange last year. His company has promised Alloy Kore will substantially increase the revenues it derives from its QNX software business. JEENAH MOON/REUTERS COMMENTS SHARE SAVE FOR LATER Key takeaways This summary is AI-generated and editor reviewed. Learn more BlackBerry has secured a US$100-million-plus deal for its new Alloy Kore automotive software with Coretura AB, a joint venture between Daimler Truck and Volvo Group. The deal is the first for Alloy Kore, ahead of the product’s official market release later this year, and one of the largest design wins in QNX’s history. BlackBerry says Alloy Kore will more than triple the revenues QNX earns per vehicle. READ MORE BlackBerry Ltd. BB-T +7.08% increase has secured a US$100-million-plus deal for its new Alloy Kore automotive software with Coretura AB, a joint venture between truck-making giants Daimler Truck and Volvo Group. It’s a watershed contract for the Waterloo, Ont.-based technology stalwart. Blackberry has promised Alloy Kore will substantially increase the revenues it derives from its QNX software business, whose products are already featured in more than 275 million vehicles globally, and accelerate the company’s ongoing revival under the leadership of chief executive officer John Giamatteo. BlackBerry has also promised that Alloy Kore, which it developed jointly with German technology company Vector Informatik GmbH, will help vehicle makers build increasingly software-defined vehicles more quickly, efficiently and cost effectively. “Coretura was founded to advance mobility at the speed of ideas,” said the Gothenburg, Sweden-based joint venture’s CEO, Johan Lunden, in a release. Selecting Alloy Kore to help power a digital platform for commercial vehicles “helps us deliver commercial vehicles that keep getting smarter, safer and more valuable long after launch.” The deal, the first for Alloy Kore, comes before the product’s official market release later this year, said John Wall, president of QNX, in an interview. It’s one of the largest design wins in the history of the Ottawa-based unit, acquired by BlackBerry 16 years ago from car stereo maker Harman International. Mr. Wall said QNX expects to sign one more deal this year. Market…