LONDON, UK / ACCESSWIRE / October 2, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for BlackBerry Ltd (NASDAQ: BBRY), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=BBRY. The Company and Tokyo Electron Device Limited announced on September 28, 2017, that they have signed a new sales and distribution agreement, pursuant to which Japanese device manufacturers will be provided with access to Blackberry's QNX Software Development Platform (SDP) 7.0, which is currently the most advanced and secure embedded platform available in the market. Tokyo Electron Device Ltd (TED) delivers semiconductor products and business solutions as trading business and supports customers' system design. For immediate access to our complimentary reports, including today's coverage, register for free now at:

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The Announcement

TED stated that the partnership with Blackberry QNX would enable it to offer a platform with capabilities that exceed the current reliability, performance, and data security requirements. According to TED, the embedded technologies from Blackberry would enable Companies to design and develop secure, mission-critical solutions, which ultimately would accelerate the product time to market.

The QNX SDP 7.0 is a 64-bit OS that builds on the proven reliability of QNX technology and raises the bar for security and performance in medical devices, surgical robots, industrial controllers, high-speed trains, and other safety and mission-critical applications. This OS platform supports ARMv8 and Intel x86-64 architectures and comes with a policy-driven security model which incorporates Blackberry's seamless security technology. This OS from Blackberry offers an assurance proven by certification to IEC 61508 SIL 3 for industrial automation systems and is in compliance with IEC 62304 for life-critical Class III medical devices.

The Blackberry Secure Licensing Deal

Blackberry also announced on September 28, 2017, that it has signed its first Blackberry Secure licensing deal with Yangzhou New Telecom Science and Technology Company Ltd (NTD), which is a Yangzhou and Beijing-based electronics design firm that develops and manufactures smartphones and IoT devices. Owing to this multi-dimensional licensing strategy, NTD will develop devices that will be branded by OEMs, carriers, and local smartphone brands and would be marketed as ?BlackBerry Secure' owing to the use of the Company's security software.

The first product from this partnership will be an all-touch smartphone, which will use the Company's suite of device software security technologies and secure enterprise collaboration technology from Equiis Technologies Switzerland AG of Zurich, and is expected to ship early in 2018. Blackbeer Secure, according to the Company, is currently the most comprehensive and secure platform available to connect, devices, processes, systems, and people.

Company Growth Prospects

BlackBerry announced its Q2 FY18 results on September 28, 2017, for the three-month period ended August 31, 2017, The Company reported net non-GAAP revenue of $249 million for Q2 FY18. During the quarter, non-GAAP operating income was $29 million, while non-GAAP EPS was $0.05. Blackberry observed record software and services revenue of $196 million (non-GAAP), while it had a total cash balance of $2.5 billion at the end of Q2 FY18. Blackberry stated that after Q2 FY18, Blackberry Workspaces received the highest scores in two use-cases, namely Workforce Productivity and Centralized Content Protection-of Gartner's Critical Capabilities for Content Collaborations Platform Report.

Last Close Stock Review

On Friday, September 29, 2017, the stock closed the trading session at $11.18, advancing 6.78% from its previous closing price of $10.47. A total volume of 37.64 million shares have exchanged hands, which was higher than the 3-month average volume of 4.92 million shares. BlackBerry's stock price soared 11.91% in the last three months, 44.26% in the past six months, and 40.81% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have skyrocketed 62.26%. The stock is trading at a PE ratio of 50.59. At Friday's closing price, the stock's net capitalization stands at $5.94 billion.

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