QNX Software Systems Ltd.

QNX Software Systems Ltd.
Luxoft Holding, Inc.
NYSE : LXFT

Luxoft Holding, Inc.

December 15, 2015 09:00 ET

Luxoft Teams Up With QNX on Automotive ADAS Technologies

Collaboration focused on advanced technologies, including road scene reconstruction and augmented navigation, which can enable semiautonomous driving

OTTAWA, ONTARIO--(Marketwired - Dec. 15, 2015) - Luxoft Holding, Inc. (NYSE:LXFT), a leading provider of software development services and innovative IT solutions to a global client base, and QNX Software Systems Limited, a subsidiary of BlackBerry Limited, today announced a new technology partnership focused on ADAS systems used by automotive original equipment manufacturers (OEMs) and Tier 1 suppliers.

As part of the initiative, Luxoft will leverage its expertise in road-model based computer vision algorithms for tracking of objects such as vehicles, pedestrians, building facades, and road signs to bring a robust road scene reconstruction engine to the QNX® OS platform. In working on the engine, Luxoft will utilize its proprietary CVNAR™ software framework, which incorporates solutions for augmented reality such as augmented guidance, navigation, points of interest (POIs), and destination highlighting.

"QNX is the leading solution provider in automotive infotainment, with its reliable operating system and middleware in more than 60 million vehicles," said Georg Doll, Managing Director of Luxoft Automotive. "We are excited to work together with QNX on bringing innovative ADAS technology to global automakers and Tier 1 suppliers as they gear up for autonomous driving. At Luxoft, we have invested in the computer vision and augmented reality technologies that will not only enable the next generation of head-up displays, but also become a crucial element of an autonomous vehicle. Together with QNX Software Systems' high availability OS, we can enable customers with critical components to build solutions that power the adoption of ADAS systems."

"Luxoft has a broad portfolio of technologies well-suited to help automotive OEMs and Tier 1s as they progress from discrete ADAS implementations to more integrated solutions," said Andrew Poliak, Global Director of Business Development, QNX Software Systems. "By working together, we will enable customers to leverage QNX OS technology that has a proven history of safety certifications - a key requirement as ADAS systems perform higher levels of automation."

Luxoft's CVNAR™, a computer vision and augmented reality software framework, brings together a unique set of features and capabilities and can be used in two different ways. It can be adapted to a particular OEM's requirements and present a ready-to-use solution on already supported systems-on-chip (SoCs). Or it can be available as a hardware-independent embedded solution that utilizes both the CPU and the GPU. The CVNAR™ framework can be easily integrated with heads-up and LCD displays, and supports smart glasses. Using eye-tracking algorithms and vehicle's sensor data, the augmented navigation provides navigational hints, highlights road obstacles and destinations, and more.

QNX Software Systems offers a comprehensive portfolio of infotainment, telematics, safety, and acoustics solutions deployed in more than 60 million vehicles worldwide. More than 40 automotive OEMs use QNX software, including the QNX Neutrino® OS, the QNX OS for Safety (compliant to ISO 26262, up to Automotive Safety Integrity Level D), the QNX CAR™ Platform for Infotainment, and QNX acoustics middleware, for their head units, digital instrument clusters, advanced driver information systems, hands-free systems, and connectivity modules.

About Luxoft

Luxoft Holding, Inc. (NYSE:LXFT) is a leading provider of software development services and innovative IT solutions to a global client base consisting primarily of large multinational corporations. Luxoft's software development services consist of core and mission critical custom software development and support, product engineering and testing, and technology consulting. Luxoft's solutions are based on its proprietary products and platforms that directly impact its clients' business outcomes and efficiently deliver continuous innovation. The Company develops its solutions and delivers its services from 24 dedicated delivery centers worldwide. It has over 10,000 employees across 27 offices in 15 countries in North America, Mexico, Western and Eastern Europe, Asia Pacific, and South Africa. Luxoft is incorporated in Tortola, British Virgin Islands, has its operating headquarters office in Zug, Switzerland and is listed on the New York Stock Exchange. For more information, please visit http://www.luxoft.com.

About QNX Software Systems

QNX Software Systems Limited, a subsidiary of BlackBerry Limited, is a leading provider of operating systems, middleware, development tools, and professional services for connected embedded systems. Global leaders such as Audi, Siemens, General Electric, Cisco, and Lockheed Martin depend on QNX technology for their in-car electronics, medical devices, industrial automation systems, network routers, and other mission- or life-critical applications. Visit www.qnx.com and follow @QNX_News on Twitter. For updates on the company's automotive work, follow @QNX_Auto and visit qnxauto.blogspot.com.

About BlackBerry

BlackBerry is securing a connected world, delivering innovative solutions across the entire mobile ecosystem and beyond. We secure the world's most sensitive data across all end points - from cars to smartphones - making the mobile-first enterprise vision a reality. Founded in 1984 and based in Waterloo, Ontario, BlackBerry operates offices in North America, Europe, Middle East and Africa, Asia Pacific and Latin America. The Company trades under the ticker symbols "BB" on the Toronto Stock Exchange and "BBRY" on the NASDAQ. For more information, visit www.BlackBerry.com.

Forward-looking statements in this news release are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used herein, words such as "expect", "anticipate", "estimate", "may", "will", "should", "intend", "believe", and similar expressions, are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by BlackBerry Limited (and/or any of its subsidiaries) in light of their experience and their perception of historical trends, current conditions and expected future developments, as well as other factors that BlackBerry believes are appropriate in the circumstances. Many factors could cause BlackBerry's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including those described in the "Risk Factors" section of BlackBerry's Annual Information Form, which is included in its Annual Report on Form 40-F (copies of which filings may be obtained at www.sedar.com or www.sec.gov). These factors should be considered carefully, and readers should not place undue reliance on BlackBerry's (and/or any of its subsidiaries') forward-looking statements. BlackBerry has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

BlackBerry, QNX, QNX CAR, Momentics, Neutrino and Aviage, and related trademarks, names and logos are the property of BlackBerry Limited and are registered and/or used in the U.S. and countries around the world. All other marks are the property of their respective owners. QNX Software Systems and/or BlackBerry are not responsible for any third-party products or services.

This news release of Luxoft Holding, Inc. ("Luxoft") contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include information about possible or assumed future results of our business and financial condition, as well as the results of operations, liquidity, plans and objectives. In some cases, you can identify forward-looking statements by terminology such as "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "expect," "predict," "potential," or the negative of these terms or other similar expressions. These statements are subject to, without limitation, the risk factors discussed under the heading "Risk Factors" in Luxoft's Annual Report on Form 20-F for the year ended March 31, 2015 and other documents filed with or furnished to the Securities and Exchange Commission by Luxoft. Except as required by law, Luxoft undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this news release whether as a result of new information, future events or otherwise.

Luxoft, CVNAR™, and related trademarks, names and logos are the property of Luxoft Holding, Inc. and are registered and/or used in the U.S. and countries around the world. All other marks are the property of their respective owners. Luxoft is not responsible for any third-party products or services.

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