BlackBerry Ltd on Wednesday signed a technology and brand licensing deal with Swiss consumer electronics maker Punkt Tronics AG for "BlackBerry Secure" that will be installed in phones and other smart devices.

"If 2017 has taught us anything it is that every device needs to be secured because any vulnerability will be found and exploited," Alex Thurber, Senior Vice President and General Manager of Mobility Solutions, BlackBerry, said in a statement.