FirstDraft™, powered by aiAssist™, speeds access to court transcripts
enabling search and collaboration to create efficiencies and
support transparency within the Judicial system
VIQ Solutions Inc. (“VIQ”, “VIQ Solutions” or the “Company”)
(TSX and Nasdaq: VQS), a global provider of secure, AI-driven,
digital voice and video capture technology and transcription
services, today announced that its FirstDraft solution was selected
as an honoree in the Fast Company’s 2022 World Changing Ideas
Awards. The recognition highlights VIQ’s innovative approach
leveraging AI to create efficiencies and drive transparency in
courtrooms around the world.
VIQ, in partnership with courts in the United Kingdom, Australia
and the United States, transforms how courts in all jurisdictions
create and distribute transcripts of court proceedings. With the
addition of FirstDraft automated transcripts, courts easily create,
store and distribute court proceedings within hours. Security
standards ensure privacy is maintained and only pre-approved users
have access to confidential court proceedings. Transcripts of
public proceedings are also offered, enabling anyone with an
Internet-enabled device to access community information quickly and
easily.
“By improving the speed and accuracy of converting audio
recordings to formatted text using FirstDraft, powered by aiAssist,
and providing secure platforms to share the files, VIQ provides all
parties in a judicial proceeding timely access to justice,” said
Elizabeth Vanneste, Executive Vice President of Product and
Strategy, VIQ Solutions. “Our suite of technology and services to
record, transcribe and collaborate provides an end-to-end solution
for the courtroom of the future. We are honored to be recognized by
Fast Company for the ability of our solutions to change the
world.”
Courts generate millions of hours of highly complex audio and
video recordings every year. Enabling fast and simplified access to
transcripts of audio/video sessions for judges, attorneys and their
clients will improve court efficiency in every jurisdiction.
However, the most important result of VIQ’s focus on rapid, secure
access to court proceedings is the usability of discrete data,
increased transparency and overall accessibility of
information.
Now in its sixth year, the World Changing Ideas Awards showcase
39 winners, 350 finalists, and more than 600 honorable
mentions—with climate, social justice, and AI and data among the
most popular categories. A panel of eminent Fast Company editors
and reporters selected winners and finalists from a pool of more
than 2,997 entries across transportation, education, food,
politics, technology, health, social justice and more. In addition,
several new categories have been added this year including climate,
nature, water and workplace. The 2022 awards feature entries from
across the globe, from Switzerland to Hong Kong to Australia.
“We are consistently inspired by the novelty and creativity that
people are applying to solve some of our society’s most pressing
problems, from shelter to the climate crisis. Fast Company relishes
its role in amplifying important, innovative work to address big
challenges,” says David Lidsky, interim editor-in-chief of Fast
Company. “Our journalists have identified some of the most
ingenious initiatives to launch since the start of 2021, which we
hope will both have a meaningful impact and lead others to join in
being part of the solution.”
For more information about VIQ, please visit
viqsolutions.com.
About VIQ Solutions
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,
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.
About the World Changing Ideas Awards
World Changing Ideas is one of Fast Company’s major annual
awards programs and is focused on social good, seeking to elevate
finished products and brave concepts that make the world better. A
panel of judges from across sectors choose winners, finalists, and
honorable mentions based on feasibility and the potential for
impact. With the goals of awarding ingenuity and fostering
innovation, Fast Company draws attention to ideas with great
potential and helps them expand their reach to inspire more people
to start working on solving the problems that affect us all.
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, Mr. Sukyas’ roles and
responsibilities and the potential benefits he will bring to the
Company, as well as the Company’s strategy.
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 information is necessarily based on a number of
opinions, assumptions and estimates that, while considered
reasonable by the Company as of the date of this news release, are
subject to known and unknown risks, uncertainties, assumptions and
other factors that may cause the actual results, level of activity,
performance or achievements to be materially different from those
expressed or implied by such forward-looking information, including
but not limited to the factors described in greater detail in the
“Risk Factors” section of the Company’s base shelf prospectus dated
June 10, 2021 and in the Company’s other materials filed with the
Canadian securities regulatory authorities and the U.S. Securities
and Exchange Commission from time to time, available at
www.sedar.com and www.sec.gov, respectively. These factors are not
intended to represent a complete list of the factors that could
affect the Company; however, these factors should be considered
carefully. There can be no assurance that such estimates and
assumptions will prove to be correct. The forward-looking
statements contained in this news release are made as of the date
of this news release, and the Company expressly disclaims any
obligation to update or alter statements containing any
forward-looking information, or the factors or assumptions
underlying them, whether as a result of new information, future
events or otherwise, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220504005804/en/
Media: Laura Haggard Chief Marketing Officer VIQ
Solutions Email: marketing@viqsolutions.com Investor
Relations: Laura Kiernan High Touch Investor Relations Ph.
1-914-598-7733 Email: viq@htir.net
VIQ Solutions (NASDAQ:VQS)
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