TORONTO, Dec. 11, 2018 (GLOBE NEWSWIRE) -- VIQ Solutions Inc. (“VIQ” or the “Company”) (TSX Venture Exchange: VQS), a global expert providing a cyber-secure AI technology and service platform, is pleased to announce that Spark & Cannon, VIQ's Australian based transcription services and technology provider, has been awarded a major new contract with Victoria Police to supply, install and maintain audio/visual recording equipment throughout metropolitan and regional locations.
The contract was finalized with the issuance of a purchase order dated November 22, 2018. The contract is for an initial period of three years with a further two options available spanning one year each, potentially taking the contract term to five years.
Victoria Police was established in 1853 and provides policing services to the Victorian community 24 hours a day, seven days a week, working to keep over 5.9 million Victorians safe. Victoria Police will place an initial order for 39 units with a value of approximately US$433,000 excluding support and maintenance services over the term of the agreement.
The contract allows for other Victorian Government departments, the New Zealand Police or other Australian Police departments to purchase similar recording solutions under the terms of the contract.
"Spark & Cannon is trusted to transcribe more than 300 million words each year under concurrent multi-year government transcription contracts in Australia," said Sebastien Paré, President and CEO of VIQ Solutions. "With the expansion of our service offering to now include innovative capturing technology for Victoria Police, we are providing them a true end-to end solution. As more of our existing law-enforcement transcription clients modernize their capturing platforms, Spark & Cannon looks forward to partnering with them to unlock the true value of an end-to-end solution.”
"As the largest provider of law enforcement transcription in Australia, I am extremely pleased to extend our service offering to include the provision of capturing technology and maintenance and support services to Victoria Police," said Matthew Fowler, Managing Director at Spark & Cannon.
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.
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