VIQ Solutions Signs USD$1.2M Contract With Australia’s Queensland Courts to Create Courtroom of Future and Expand Global Leadership

Six-year contract | 55% recurring revenue | 45% software license

PHOENIX, Arizona--()--VIQ Solutions Inc. (“VIQ” or the “Company”) (TSX Venture Exchange: VQS and OTC Markets: VQSLF) a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today announced the award of a USD$1.2M technology contract with the Queensland Department of Justice and Attorney-General (DJAG) to provide digital capture and management of official court records.

Upon completion of an extensive review of the current services for recording and transcription of court and tribunal proceedings, DJAG decided to explore innovative ideas and new developments in technology for Queensland’s recording and transcription system. The need to create a new service delivery model to ensure the quality and timeliness of court transcripts in Queensland while providing the best overall value for money was identified.

DJAG selected Spark & Cannon, a VIQ subsidiary, to supply fixed and portable court recording solutions for several hundred rooms across multiple jurisdictions in a complex and decentralized environment in Queensland. The company will conduct a phased implementation of its CapturePro™ Solution Suite, which includes:

  • CapturePro, a robust and flexible software solution that captures and manages high-quality, multi-channel recordings of audio and video testimony
  • AccessPoint, a collaborative web portal that gives authorized users secure, private access to recorded content

“We are honored to be an integral partner to the DJAG service model, and believe our innovative solutions support their transformative strategy taking multi-channel digital court recording to the next level,” said Matthew Fowler, Managing Director, Spark and Cannon. “This award strengthens our presence in Brisbane and Queensland and showcases our secure, end-to-end workflow to increase efficiency, optimize workflow and simplify access to verbatim records for this prestigious court customer.”

“The Australian market has been an important part of the VIQ strategy for many years,” said Susan Sumner, VIQ Chief Operating Officer. “We are extremely pleased to implement our enhanced technologies supporting efficient and secure evidentiary content capture which is paramount for court and tribunal proceedings.”

For more information about VIQ, please visit viqsolutions.com.

About VIQ Solutions Inc.

VIQ Solutions is a global expert in video capture software and audio recording with voice-to-text capabilities. VIQ provides a cyber-secure AI technology and service platform to law enforcement, immigration, medical, legal, insurance, courts, and transcription service providers, enabling them to unlock the value of their enterprise digital media and streamline their document-creation workflow, using artificial intelligence tools for measurable business gains.

Forward-looking Statements

Certain statements included in this news release constitute forward-looking statements or forward-looking information under applicable securities legislation. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Forward-looking statements or information typically contain statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "project" or similar words suggesting future outcomes or statements regarding an outlook. Forward-looking statements or information in this news release include, but are not limited to, management’s targets for the Company’s growth in 2019, as well as the size, scope, and timing of the implementation of projects currently in the pilot phase.

Forward-looking statements or information is based on several factors and assumptions which have been used to develop such statements and information, but which may prove to be incorrect. Although VIQ believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because VIQ can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified in this news release, assumptions have been made regarding, among other things, the Company’s recent initiatives, and that sales and prospects may provide incremental value for shareholders. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions that have been used.

Forward-looking statements or information is based on current expectations, estimates and projections that involve several risks and uncertainties which could cause actual results to differ materially from those anticipated by VIQ and described in the forward-looking statements or information. These risks and uncertainties may cause actual results to differ materially from the forward-looking statements or information. Readers are cautioned that the foregoing list is not exhaustive of all possible risks and uncertainties.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts

Laura Haggard, Chief Marketing Officer, VIQ Solutions, email: lhaggard@viqsolutions.com.

Contacts

Laura Haggard, Chief Marketing Officer, VIQ Solutions, email: lhaggard@viqsolutions.com.