Sector Snapshot-Connected
#Cars and the #Automotive Industry of the Future (TSXV: $SIM.V) (OTCQX: $SYATF)
(NYSE: $BB) (NASDAQ: $TSLA) (TSX: $T.TO)
Point Roberts WA,
Delta BC – June 4, 2019 - Investorideas.com, a leading investor
news resource covering technology and automotive stocks releases a sector
snapshot reporting on connected car technology and how it will play a leading
role in automotive safety in the future.
According to Adroit Market Research, “The global
connected cars market was valued at $73.18 Billion USD in 2018. The global
connected cars market is primarily driven by high adoption in the telematics
segment. Along with that, factors that have reinforced the market include trend
of connectivity solutions and an increase in the need for safety &
security.”
Siyata Mobile Inc. (TSX-V:SIM) (OTCQX:SYATF), a leading provider
of in-vehicle communication devices is evolving the conversation surrounding
automotive safety having just announced the launch of its groundbreaking Uniden
® UV350 on the AT&T network and FirstNet platform.
Read this in full at https://www.investorideas.com/news/2019/auto/06041Stocks-Cars-AutomotiveIndustry.asp
FirstNet is being
built with AT&T in a public-private partnership with the First Responder Network Authority (FirstNet Authority) – an independent agency
within the federal government. It’s designed for first responders and those
critical to their emergency response. With this much-needed technology upgrade,
first responders can connect to the critical information they need every day
and in every emergency.
The FirstNet Ready
UV350 device supports FirstNet’s First Priority – which includes priority and
preemption for first responders – and FirstNet’s Band 14 spectrum. The company’s
UV350 is the only device specifically designated for in-vehicle communications
that has been tested and certified to operate on FirstNet.
The Uniden® UV350 is
built and designed to minimize the excessive clutter often found in the cabin
of firetrucks, ambulances, yellow school buses and police squad cars by
combining the functions of multiple devices into one. Using Push-to-Talk Over
Cellular (PoC), drivers can communicate crystal-clear sound at the touch of a
button, and unlike traditional cellular communication devices, the UV350 is
powered by the vehicle battery, ensuring drivers are always connected in
emergency situations.
Before being
certified and approved for use on FirstNet, devices are subject to hundreds of
tests that cover a number of aspects, from security and durability to network
impacts. This helps
make sure that they can meet the needs of first responders. All FirstNet Ready
devices are listed at on the FirstNet device page.
“FirstNet
devices and modules go through extensive review, so First Responders can be
confident that Siyata’s UV350 meets the highest standards for reliability,
security and performance,” said Bob Sloan, Chief Operating Officer, FirstNet
program at AT&T. “The more tools public safety has access to on their
network, the more we can help them achieve their mission. We are happy to be
the first U.S. cellular carrier to launch Uniden’s NextGen Vehicle Communicator
– an innovative in-vehicle mounted phablet. We believe it will be an excellent
answer for both existing and newly migrating FirstNet subscribers seeking an
in-vehicle communication device.”
A recent Frost and Sullivan report supports the Siyata Mobile Inc. strategy noting, "Connected car
makers will be eager to build strategic partnerships with telecom providers
and communication module makers to
augment on-road safety and offer in-vehicle, data-rich services."
BlackBerry Limited (NYSE:BB) (TSX: BB), looking at connected cars and security says,
“Cybersecurity is top of mind for automakers as their cars become more
connected to the outside world. Today’s vehicles are computers on wheels—with
over 100 million lines of software per car. This degree of connectivity allows
bad actors to hack into cars and their software, with the potential to create
havoc. The risk posed to automakers can be mitigated with a well-designed
end-to-end security solution and alignment with security best practices.”
BlackBerry received $40 million in federal funding to help develop technologies that make
cars safer, more connected to cyberspace and eventually, capable of driving
themselves. Back in February the company announced that it had completed an
Australian Information Security Registered Assessors Program (IRAP) assessment
by an accredited IRAP auditor. The
assessment enables BlackBerry Cylance to obtain the IRAP certification. The
company will be the first endpoint security provider to receive IRAP
certification, allowing Australian government agencies to protect their environments
with AI-driven security solutions.
Solutions certified under the IRAP program meet the
expected Australian government security requirements, as defined by the
attorney general's Protective Security Policy Framework (PSPF) and the
Australian Government Information Security Manual (ISM). All federal government
entities applying the ISM are restricted to using IRAP-compliant applications
running on cloud services listed on the Certified Cloud Services List.
"Federal agencies can now take advantage of
AI-driven, prevention-first security solutions for the first time. With access
to BlackBerry Cylance solutions, government and commercial entities can drive a
prevention-first strategic approach to cyber, without the friction and
complexity that occurs with many other security controls today," said
Jason Duerden, country manager for Australia and New Zealand at BlackBerry
Cylance. "With this assessment and certification, BlackBerry Cylance is
now in a position to proactively secure Australia's most important federal
assets, offer the outcome of a safer Australia in which to live and do
business, and in turn further our mission to protect every endpoint under the
sun."
U.S. electric car maker Tesla Inc. (NASDAQ: TSLA), predicted in 2016 to become the ultimate ‘Connected Car, set the benchmark for
what the connected car could be with the launch of the Model S.
According to a report
from CNBC in early May this
year, citing a Citibank and Goldman Sachs hosted “broad investor call” with Tesla executives, “Musk
confidently told investors that
autonomous driving will transform Tesla into a company with a $500 billion
market cap. Its current market cap stands around $42 billion. He also said that
existing Tesla’s will increase in value as self-driving capabilities are added
via software, and will be worth up to $250,000 within three years.”
Continued: “He (Musk) said that even though Tesla
drivers need to keep hands on the wheel today, that will become less necessary
over time. Musk said that competitors such as GM’s Cruise and Alphabet’s Waymo
can’t catch up because Tesla has a fleet of connected cars on the road today,
and a proprietary chip.”
Mobility technology
company, Magna International Inc. (TSX: MG), can lay claim to an industry
first in connected car technology applications. In 2017, Magna, 3M and the Michigan
Department of Transportation started testing vehicle-to-infrastructure
connectivity in real-world situations, such as highway work zones and county
roads.
According to Magna,
the collaboration began with the
launch of the nation’s first vehicle-to-infrastructure connected work zone,
which was built along a three-mile section of I-75 in Oakland County, Michigan.
“The ability for
vehicles to communicate with other vehicles and the infrastructure ‘shows great
promise in helping to avoid crashes, ease traffic and improve the environment’,
says the US Department of Transportation.”
At CES earlier this
year, Bosch and Mojio, the leading platform for connected cars, announced a jointly developed, IoT integrated
emergency response solution. The new offering adds crash detection and
emergency call (eCall) response to an existing connected car solution from
Mojio. Through the simple combination of a plug-and-play device for the
vehicle’s OBD-II port and a mobile app, nearly a million consumers in North
America and Europe have already upgraded their cars with Mojio’s white-label
connected car solutions. These connected car offerings are deployed by Mojio’s
portfolio of mobile network operator customers, including Deutsche Telekom,
T-Mobile US and Telus (TSX: T) (NYSE: TU).
Telus is pushing its Connected Car Drive + technology saying,
“From a few vehicles to a full scale fleet, the TELUS Connected Vehicle
portfolio empowers business owners to efficiently & safely manage their
vehicles. “
“With more than a
billion unconnected cars still on the road today, industry collaboration is
critical to accelerate the deployment of connected mobility services across the
globe,” said Kenny Hawk, CEO, Mojio. “Together with Bosch, we’re addressing the
key barriers that automakers face in building profitable connected mobility
services - in turn, helping OEMs shift their focus towards the rapidly-evolving
expectations of the global driving community.”
‘With more than a
billion unconnected cars still on the road today’, this clearly shows the
massive potential future of this industry, and analysts say that Connected Car
tech is the most significant trend in the automotive sector in the last 50
years.
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