VIQ Solutions Announces Major Multi-Year, Multi-Million Dollar Contract for their Spark & Cannon division
August 08 2018 - 8:30AM
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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