QNX Acquired by Harman

From: Guy Macon (http://www.guymacon.com)
Date: 10/28/04

Date: Thu, 28 Oct 2004 16:24:30 +0000

QNX Acquired by Harman

OTTAWA & WASHINGTON, October 27, 2004 - QNX Software Systems
today announced it has accepted an offer of purchase from
Harman International Industries, Incorporated (NYSE: HAR).
As the newest subsidiary in Harman International’s family of
premium brands, including Harman Kardon, JBL, and Becker,
QNX will now be well-positioned to accelerate its growth
toward becoming the preferred operating system for advanced
embedded applications.

Of key value to Harman International is the QNX Neutrino
realtime operating system (RTOS), the company’s flagship
product. QNX Neutrino is widely held as the world’s most
advanced operating system and is ideally suited for the next
generation of complex computing devices in many markets.
Both QNX and Harman see an expanding role for the RTOS and,
within the automotive market in particular, share a vision
for establishing QNX Neutrino as the de facto standard for
the industry. By bringing QNX under the Harman umbrella,
both companies will be able to contribute to this process,
speeding the pace of innovation in the industry.

The agreement comes at a time when sophisticated software
systems are becoming the cornerstone of a steadily
increasing number of integrated devices, ranging from
infotainment systems to smart phones to networking gear.
Maintaining leadership in operating system technology
requires a continued commitment to innovation, strategic
partnerships, industry standards, and intensive customer
support. With Harman as a parent company, QNX will continue
its leadership in all of these critical areas, pushing the
industry forward as a whole and ensuring that its entire
customer base benefits from its new resources and influence.

Under the terms of the agreement, QNX will operate as a
separate division led by its existing management team,
including co-founder and CEO Dan Dodge. All of QNX’s offices
and operations will stay in place and continue to be
dedicated to serving and growing QNX’s target markets,
including automotive, networking, medical instrumentation,
and industrial control. As is the established practice in
other Harman International subsidiaries, QNX will continue
to provide advanced software and engineering services to all
of its existing customers, including Harman’s competitors.

"My vision for QNX remains steadfast. We will remain the top
brand for OS reliability, the proving ground for innovation,
and a fiercely customer-centric organization," said Dan
Dodge, CEO of QNX. "Together with Harman, we will continue
our leadership, setting new standards for performance and
reliability that will benefit embedded developers, OEMs, and
consumers across all industries."

"With its deep experience in the automotive, networking,
medical, and general embedded markets, QNX brings a rich
portfolio of technology and expertise to the Harman family,
creating new synergies and market opportunities," said
Bernard Girod, CEO of Harman International Inc. "We are
excited to contribute to QNX’s ongoing growth and success,
at a time when the need - and demand - for its operating
system technology is accelerating worldwide, from North
America to Europe to the Pacific Rim."

About QNX Software Systems
With millions of installations worldwide, QNX Software
Systems is the global leader in realtime, microkernel
operating system technology. Companies like Cisco,
DaimlerChrysler, Harris, Panasonic, Siemens, and General
Electric rely on QNX technology to build ultra-reliable
systems for the networking, automotive, medical, military,
and industrial automation markets. Founded in 1980, QNX
Software Systems maintains offices throughout North America,
Europe, and Asia. Visit http://www.qnx.com.

About Harman International
Harman International Industries, Incorporated
(www.harman.com) is a leading manufacturer of high-quality,
high fidelity audio products and electronic systems for the
consumer and professional markets. The company’s stock is
traded on the New York Stock Exchange under the symbol: HAR.

Editorial Contact
Paul Leroux
QNX Software Systems
+1 613 591-0931

QNX and Neutrino are registered trademarks of QNX Software
Systems Ltd. in certain jurisdictions. All other trademarks
and trade names belong to their respective owners.

Source: [ http://www.openqnx.com/Article337.html ]

Guy Macon <http://www.guymacon.com>