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Featured Company News - BlackBerry Signs Patent License Agreement with Timex Group

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LONDON, UK / ACCESSWIRE / September 15, 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 announced on September 13, 2017, that it has entered into a patent license agreement with Timex Group, one of the largest watch makers in the world. The financial structure of the deal includes on-going royalty payments from Timex Group to BlackBerry. Other terms of the agreement remains undisclosed. For immediate access to our complimentary reports, including today's coverage, register for free now at:


Discover more of our free reports coverage from other companies within the Diversified Communication Services industry. Pro-TD has currently selected Internet Gold- Golden Lines Ltd (NASDAQ: IGLD) for due-diligence and potential coverage as the Company reported on August 31, 2017, its financial results for Q2 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on Internet Gold- Golden Lines when we publish it.

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Agreement Demonstrates Strength of BlackBerry's Patent Portfolio

Commenting on the patent license agreement, Jerald Gnuschke, Senior Director of Intellectual Property Licensing, BlackBerry, stated that this license agreement with Timex Group demonstrates the strength of BlackBerry's patent portfolio, and will enable the Company to focus on further patent licensing opportunities in the mobile communications market.

BlackBerry's portfolio consists of around 40,000 worldwide patents and applications, covering a wide array of technologies including wireless communications, networking infrastructure, acoustics, messaging, enterprise software, operating systems, virtualization, and cyber security.

BlackBerry Signed an Agreement with Appdome to Enable Codeless Integration

News release suggests that on August 15, 2017, BlackBerry and Appdome, the mobile industry's first cloud hub for mobile app integration, announced they are enabling codeless integration of secure voice, video, and messaging capabilities. Available under Appdome's newest service category, Secure Messaging, the BBM® Enterprise software development kit (SDK) offers a proven and growing set of secure communications capabilities that mobile app developers and integrators can use to realize faster time-to-market, enhanced scalability, performance security, and reduced costs.

BlackBerry Signed Broad Patent Cross-Licensing Agreement with Cisco in 2015

On June 23, 2015, BlackBerry and Cisco entered into a long-term patent cross-licensing agreement covering their respective products and technologies. As part of the cross-licensing agreement, BlackBerry received a license fee from Cisco. Specific terms of the deal remained confidential.

The agreement with Cisco was believed to underscore the value companies place on BlackBerry's broad and foundational patent portfolio. It allowed both the Companies to focus on innovation and continued technical cooperation, and more freedom to create leading products and services for customers without the potential for patent disputes.

About BlackBerry Ltd

Founded in 1984, BlackBerry is a mobile-native security software and services Company dedicated to securing the enterprise of things. Headquartered in Waterloo, Canada, the Company operates in North America, Europe, Asia, the Middle-East, Latin America, and Africa.

About Timex Group

Established in 1854, Timex Group is a privately-held Company that designs, manufactures, and markets innovative timepieces around the world. Headquartered in Middlebury, Connecticut, Timex Group's companies produce watches under a number of well-known brands, including Timex, Timex Ironman, Timex Expedition, Nautica, Guess, GC, Salvatore Ferragamo, Versace, Versus, and Opex.

Last Close Stock Review

On Thursday, September 14, 2017, the stock closed the trading session at $9.27, marginally up 0.98% from its previous closing price of $9.18. A total volume of 1.92 million shares have exchanged hands. BlackBerry's stock price surged 5.10% in the last one month, 29.29% in the past six months, and 28.39% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have soared 34.54%. The stock is trading at a PE ratio of 41.95 and currently has a market cap of $4.94 billion.

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