VIQ Solutions Announces Details of Queensland Department of Justice and Attorney General Six Year Contract
16 Dezembro 2020 - 10:30AM
Business Wire
The previously disclosed contract adds courtroom monitoring and
transcription services to complete the Courtroom of the Future for
approximately 50% of Queensland’s court cases
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 an important expansion of
services in Asia Pacific to assist in court proceedings and
transcription production.
Upon completion of an extensive review of available services for
recording and transcription of court and tribunal proceedings, a
master services agreement was signed for a six-year contract plus
three, one-year options with Queensland’s Department of Justice and
Attorney General. The estimated revenues and gross margin terms of
this contract were disclosed on October 28, 2020, when the company
announced it had secured a number of new multi-year contracts.
The contract extends VIQ Solutions CapturePro™ and AccessPoint
footprint to create an end-to-end fully digital workflow. The
contract allows for the Company to provide high-quality monitoring
and transcription services ensuring precision, prompt delivery and
confidentiality to all courts and tribunals in the state.
The Company was selected as one of two suppliers involved in a
detailed migration process over the next six months leading to full
contract execution in June, 2021.
The VIQ offices in Adelaide, Hobart, Melbourne, Perth, Sydney,
and the soon to be opened office in Brisbane, employ court trained
monitors and transcriptionists who are highly skilled in producing
accurate records for their valued customers. The new contract will
add an expected 24,000 hours of monitoring services and production
of more than 1 million transcript folios annually.
“VIQ has long been a global leader in the capture and
transcription of sensitive digital evidence information in the most
rigid security environments,” said Matthew Fowler, VIQ Managing
Director, Asia Pacific. “We are proud to provide Queensland our
comprehensive end-to-end solution and services suite. The addition
of our professional transcription and remote recording services to
the already contracted CapturePro solution creates a seamless and
secure workflow that ensures on-time delivery of highly accurate
court transcripts.”
“VIQ Solutions was selected as one of our valued Transcription
Service Providers. We selected VIQ because of the value for money
they offered Queenslanders in areas beyond just price. We look
forward to working with the VIQ team to deliver quality outcomes
for the users of the courts” said David Macke, Director-General,
Department of Justice and Attorney General.
For more information about VIQ, please visit
viqsolutions.com.
About VIQ Solutions Inc.
VIQ Solutions is a global provider of secure, AI-driven, digital
voice and video capture technology and transcription services. VIQ
offers a seamless, comprehensive solution suite that delivers
intelligent automation, enhanced with human review, to drive
transformation in the way content is captured, secured, and
repurposed into actionable information. The cyber-secure, AI
technology and services platform are implemented in the most rigid
security environments including criminal justice, legal, insurance,
media, government, corporate finance, media, and transcription
service provider markets, enabling them to improve the quality and
accessibility of evidence, to easily identify predictive insights
and to achieve digital transformation faster and at a lower
cost
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 2020, 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 use
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
risk 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20201216005092/en/
For additional information: Laura Haggard, Chief Marketing
Officer, VIQ Solutions email: lhaggard@viqsolutions.com.
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