VIQ Solutions Commences Multi-Year Contract with Queensland Courts Department of Justice and Attorney General
28 Juillet 2022 - 12:00AM
Business Wire
Contract provides courtroom monitoring and transcription
services to approximately 50% of Queensland’s court cases
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 the commencement of the contract to
provide transcription and recording services to Queensland Courts
Department of Justice and Attorney General (DJAG).
Upon completion of an extensive review of available services for
recording and transcription of court and tribunal proceedings, a
master services agreement was signed in late 2020 for a six-year
term plus three, one-year options with DJAG. The first statement of
work, for an initial period of three years commenced on July 11,
2022. 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.
“We are committed to continue to deliver this critical service
to the Queensland Courts with the same high standards they
experienced from our Auscript team of professionals for the past
ten years,” said Susan Sumner, VIQ President and Chief Operating
Officer. “We also look forward to engaging with the legal firms
across the state to remain the reliable choice for transcript
requests.”
With more than 100 years of experience, the Company has a deep
understanding of court operations. With ten years of experience
providing transcription and recording services to Queensland Courts
and Tribunals, court transcripts will continue to be managed by the
same team of qualified and trained transcriptionists boasting a
99.53% accuracy rate.
VIQ employs court trained monitors and transcriptionists who are
highly skilled in producing accurate records for their valued
customers, including DJAG. Under the first statement of work, VIQ
is expecting to be assigned 12,000 hours of monitoring services and
production of more than 500,000 transcript folios annually.
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.
Forward-Looking Statements
Certain statements included in this press 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, including negatives thereof, suggesting future outcomes or
that certain events or conditions “may” or “will” occur. These
statements are only predictions. Forward-looking statements or
information in this press release include, but are not limited to
engaging with legal firms, management of the court transcripts and
that the contract is expected to produce 24,000 hours of monitoring
services and production of more than one million transcript folios
annually.
Forward-looking statements or information are 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 press release, assumptions have been made
regarding, among other things, 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 press 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, included
but not limited to the factors described in greater detail in the
“Risk Factors” section of the Company’s annual information form
dated March 31, 2022, in the Company’s annual report form on Form
20-F 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 press release are made
as of the date of this press release and the Company expressly
disclaims any obligations 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220712005977/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)
Graphique Historique de l'Action
De Déc 2024 à Jan 2025
VIQ Solutions (NASDAQ:VQS)
Graphique Historique de l'Action
De Jan 2024 à Jan 2025