VIQ Solutions Inc.
TSX VENTURE : VQS

VIQ Solutions Inc.

December 21, 2016 08:35 ET

VIQ Solutions Announces New Spark & Cannon Wins in Western Australia, New South Wales

MARKHAM, ONTARIO--(Marketwired - Dec. 21, 2016) - VIQ Solutions Inc. ("VIQ", "VIQ Solutions" or the "Corporation") (TSX VENTURE:VQS) is pleased to announce that Spark & Cannon, VIQ's Australia-based reporting and transcription services and technology distributor, has been awarded two new transcription contracts in Western Australia and New South Wales.

"These important wins, with their medical focus and emphasis on data security and privacy, demonstrate Spark & Cannon's continued success winning new contracts outside of their traditional customer base," said Sebastien Paré, President and CEO of VIQ Solutions. "These wins expand Spark & Cannon's reputation across Australia while contributing to a stable, recurring cash flow for VIQ over the years to come."

Spark & Cannon has been awarded a transcription contract by WorkCover Western Australia for a period of 12 months with a further option available for a further 12-month period, potentially taking the contract to 2018.

WorkCover Western Australia is the government agency responsible for managing the workers' compensation and injury management scheme in the state of Western Australia. The organization provides strategic advice, manages compliance and has educational responsibilities. More than 21,000 requests for advice are managed each year.

Most relevantly to this contract the organization provides an independent dispute resolution service for workers' compensation disputes.

"The awarding of this contract demonstrates our ongoing ability to provide exemplary services to our long standing customers. The medical content of some of these transcripts provide additional challenges for our transcriptionists who thrive on providing an accurate transcript where medical terminology is thoroughly researched and presented within the completed transcript," said Matthew Fowler, Managing Director of Spark & Cannon.

The Company also announced that Spark & Cannon has been awarded a non-exclusive contract by the State Insurance Regulatory Authority ("SIRA") for the provision of transcription services to both SafeWork NSW and the NSW Workers Compensation Commission.

The contract is for a period of three years with an option available to extend for a further period of 12 months.

SafeWork NSW are the workplace and safety regulator responsible for providing advice on improving work health and safety, providing licenses and registration for potentially dangerous work and investigating workplace incidents and enforcing work health and safety laws in NSW. The Workers Compensation Commission is an independent statutory tribunal responsible for resolving workers' compensation disputes between injured employees and employers.

"Spark & Cannon are delighted to be providing ongoing transcription services to both of these reputable New South Wales Government departments while further cementing our credibility in providing quality medical related transcripts in Australia," continued Mr. Fowler. "We are making significant inroads in diversifying our revenue base outside of our traditional legal transcription market."

For more information on what is making the news at VIQ Solutions, please visit our website at http://www.viqsolutions.com/news.html.

About VIQ Solutions Inc.

VIQ Solutions is the leading technology and service platform provider for digital evidence capture and content management. Our secure modular software allows customers to onboard the VIQ platform at any stage of their organization's digitization, from the capture of digital content from video and audio devices through to online collaboration, mobility, data analytics and integration with sensors, facial recognition, speech recognition and case management or patient record systems. VIQ's technology leads the industry in security, meeting the highest international standards for digital/cyber security and privacy, including military and medical regulations.

Our solutions are in use in over 20 countries with tens of thousands of users in over 200 government and private agencies including law enforcement, immigration, medical, legal, insurance, courts, and transportation and transcription services. VIQ also provides end to end transcription services to several large government agencies through our Australia-based reporting and transcription partners. VIQ operates worldwide with partners like security integrators, audio-video specialists, and hardware and data storage suppliers. Managing digital media evidence is what we do, and we do it better than anyone else. For more information about VIQ Solutions, 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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