BlackBerry (BBRY) shares are up following the company’s announcement that it will create a new security center in Washington.
The mobile-services provider is partnering up with the government and other organizations to fight and prevent cyber-crime. BlackBerry CEO John Chen spoke at the Consumer Electronics Show in Las Vegas, saying that the Security Innovation Center “will be focused on creating lasting partnerships that will encourage ongoing dialogue aimed at making better products and policy.”
BlackBerry shareholders benefited from the announcement as BBRY stock is up 6% in mid-afternoon Tuesday trading. The mobile-services provider has been struggling lately, reporting a trend of declining earnings per share over the last two years and BBRY stock down 37% in 2013.