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Shares of BlackBerry Ltd. BB,
It was up 34.6% in pre-market active trading on Tuesday, after Amazon.com Inc.’s security software and AMZN services company,
Amazon Web Services Inc.’s business cloud announced a “multi-year global agreement” to develop the BlackBerry IVY Intelligent Vehicle Data Platform. Trading volume reached 2.4 million shares prior to opening, already more than half the daily average of around 3.8 million shares. BlackBerry’s IVY will allow automakers to provide a secure way to read vehicle sensor data and build insights from that data. Car manufacturers can then use that data to create in-vehicle services. The companies did not provide any financial terms of the agreement. “Data and connectivity are opening new avenues for innovation in the automotive industry, and BlackBerry and AWS share a common vision to provide automakers and developers with better information so they can deliver new services to consumers,” said John Chen, CEO of BlackBerry. Shares of BlackBerry gained 5.2% in the past three months through Monday, while the S&P 500 SPX,
it changed to 2.7%.
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