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VIQ Solutions Announces Major Multi-Year, Multi-Million Dollar Contract for their Spark & Cannon division

August 8, 2018

TORONTO, Aug. 08, 2018 (GLOBE NEWSWIRE) -- VIQ Solutions Inc. (“VIQ Solutions” or the “Company”) (TSX Venture: VQS) is pleased to announce that Spark & Cannon, VIQ’s Australian based reporting and transcription services division, was awarded a major new contract with the with the Victoria Police in Australia for the provision of secure transcription of police recordings.

The value of the contract is more than AUD$2M per year based on historical workflow.

“We are thrilled that the Victoria Police have awarded Spark & Cannon this prestigious contract. This significant win further positions us as the leader for secure law enforcement technology and services,” said Sebastien Paré, President and CEO of VIQ Solutions. “It assures solid revenue for many years, with the opportunity to further help Victoria Police through VIQ’s expanded product portfolio, including our latest artificial intelligence capabilities.”

The Victoria Police is the primary law enforcement agency of Victoria, Australia and has been operating since 1853. It currently has over 18,000 sworn members across 332 police stations.

Spark & Cannon has provided secure transcription services to Victoria Police since 2008. With the new contract, Spark & Cannon will continue to provide 100% of the transcription services, making them the sole transcription services supplier.

“This new contract with Victoria Police demonstrates the confidence they have in Spark & Cannon to provide quality, efficient and secure transcription services,” said Matthew Fowler, Managing Director at Spark & Cannon. “We’re pleased that Victoria Police recognizes Spark & Cannon’s leadership and innovation as we continue to provide them with the highest level of service and security.”

“As Spark & Cannon continues to win new contracts with police, medical and legal customers across Australia, we look forward to expanding our offerings to these customers to include additional technology and services,” added Mr. Paré.

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 2017, 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 a number of 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 preceding list is not exhaustive of all factors and assumptions which have been used.

Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of 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 preceding list is not exhaustive of all possible risks and uncertainties.

About VIQ Solutions Inc.

VIQ is the leading technology and service platform provider of purpose-built artificial intelligence through its digital evidence capture and content management solutions. Our secure modular software allows customers to onboard the VIQ platform at any stage of their organization’s digitization. From the digital capture of video and audio to online collaboration, mobility, and artificial intelligence tools to extract the value of their captured media. VIQ’s technology leads the industry in security, meeting the highest international standards for digital/cybersecurity and privacy, including military and medical regulations.

Our solutions are used in over 20 countries with tens of thousands of users in more than 200 government and private agencies including law enforcement, immigration, medical, legal, insurance, courts, transportation and transcription service providers. VIQ also provides end-to-end transcription services to several large government agencies through our Australia-based reporting and transcription organization, Spark&Cannon. VIQ operates worldwide with partners such as security integrators, audio-video specialists, and hardware and data storage suppliers. For more information about VIQ, please visit www.viqsolutions.com.

For further information: Peter Kostandenou, Chief Marketing Officer, VIQ Solutions, (905) 948-8266 ext. 213, email: peter@viqsolutions.com.

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

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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