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VIQ Solutions Receives Patent Protection for Secure Digital Evidence-Based Training Portfolio

November 14, 2018

New competency-based digital evidence training portfolio ushers licensing of professionals into the digital age

TORONTO, Nov. 14, 2018 (GLOBE NEWSWIRE) -- VIQ Solutions Inc. announces the award of a patent by the United States Patent and Trademark Office for VIQ’s innovative Competency-Based Digital Training Portfolio solution.

This patent protects VIQ’s innovative solution to capture evidence of competency throughout a training regimen and provides that evidence to licensing authorities as appropriate. VIQ’s new solution gives training organizations a means to capture and maintain a secure digital record of an expert’s demonstrated competency in meeting licensing requirements for the duration of their career.

“We believe that this patent-protected innovation will address qualitative variations and other complications encountered when granting procedure-specific licenses to professionals, such as surgeons,” said Sebastien Paré, President and CEO of VIQ. “This technology opens up a practical pathway to assessment, grading and licensing of practicing professionals for specific procedures.”

“This new technology provides training organizations and individuals an immutable digital portfolio of audio, video and documentation attesting to their progression in skills as evidence of competency,” states Malcolm Macallum, Chief Innovation Officer at VIQ. “This patent-protected technology moves the licensing of professionals into the digital age, with evidence of competency being captured as skills grow.”

VIQ’s new technology amplifies the evolution of competency-based training by providing a standardized, cradle-to-grave digital portfolio of procedural expertise, and an organized reference for experts as they advance through their careers. Licensed professionals in medicine, surgical specialties, nursing, veterinary medicine and therapy, for example, will benefit from such performance and competency-based analytics. The innovation is also flexible enough to apply to teachers, pilots, counselors and other licensed professionals.

VIQ’s customers will be able to record and generate a reliable and accurate digital history of experience and expertise, with advances in this technology and integration with our leading CapturePRO, MobileMic™ and aiAssist™ solutions.

Instead of a traditional qualitative assessment report, this new technology allows a licensing application to be accompanied by a secure digital portfolio offering audio/video evidence of competency and supporting documentation with the veracity to withstand legal scrutiny.

“We are excited and energized, having seen this new technology in action and understanding how it advances our customers’ capabilities when it comes to recording competency and skills development. It complements our partnership with leading Universities in North America and strengthens VIQ’s global brand. We remain committed to delivering innovative technologies that will advance the success of our customers and partners,” said Sebastien Paré.

For further information: Nabbeela Dewji, Marketing Manager, VIQ Solutions, (905) 948-8266 ext. 214, email: ndewji@viqsolutions.com

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 2018, 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 are 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.

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