VIQ Solutions’ AI-Powered Solution Wins Fast Company’s 2022 Best World Changing Ideas Awards

First trypowered by aiAssistaccelerates access to court transcripts enabling research and collaboration to create efficiencies and support transparency within the court system

PHOENIX, Ariz., May 04, 2022–(BUSINESS WIRE)–VIQ Solutions Inc. (“VIQ”, “VIQ Solutions” or the “Company”) (TSX and Nasdaq: VQS), a global provider of secure digital voice and video capture and transcription technologies, based on the IA, today announced that its FirstDraft solution has been selected as one of the winners fast company 2022 Global Changing Ideas Award. This recognition highlights VIQ’s innovative approach that leverages AI to create efficiencies and drive transparency in courtrooms around the world.

VIQ, in partnership with courts in the UK, Australia and the US, is transforming the way 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 in hours. Security standards ensure confidentiality is maintained and only pre-approved users have access to confidential court proceedings. Transcripts of public proceedings are also offered, allowing anyone with an internet-enabled device to quickly and easily access community information.

“By improving the speed and accuracy of converting audio recordings to formatted text using FirstDraft, powered by aiAssist, and providing secure platforms to share files, VIQ offers all parties to a process rapid access to justice,” said Elizabeth Vanneste, Executive Vice President. President of Product and Strategy, VIQ Solutions. “Our suite of technologies and services for recording, transcribing and collaborating 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 quick and easy access to transcripts of audio/video sessions for judges, lawyers and their clients will improve the efficiency of courts in every jurisdiction. However, the most important result of VIQ’s focus on fast and secure access to legal proceedings is the ease of use of discrete data, increased transparency and global accessibility of information.

Now in its sixth year, the World Changing Ideas Awards features 39 winners, 350 finalists and more than 600 honorable mentions, with climate, social justice, AI and data among the most popular categories. A panel of prominent Fast Company editors and journalists selected winners and runners-up from more than 2,997 entries in the fields of transportation, education, food, politics, technology, health, social justice and more. Additionally, several new categories have been added this year, including climate, nature, water, and workplace. The 2022 awards feature nominations from around the world, from Switzerland to Hong Kong to Australia.

“We are constantly inspired by the novelty and creativity that people apply to solve some of our society’s most pressing issues, from housing to the climate crisis. Fast Company relishes its role in amplifying important and innovative work to take on big challenges,” said David Lidsky, acting editor 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 significant impact and inspire others to join the solution.”

For more information on VIQ, please visit viqsolutions.com.

About VIQ Solutions

VIQ Solutions is a global provider of secure, AI-powered digital voice and video capture and transcription technologies. VIQ offers a comprehensive and seamless suite of solutions that delivers intelligent automation, backed by human review, to transform how content is captured, secured and reused into actionable insights. The cyber-secure artificial intelligence technology and services platform is 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 achieve digital transformation faster and at lower cost.

About the World Changing Ideas Awards

Ideas that change the world are one of the fast company major annual awards programs and focuses on social good, seeking to elevate end products and courageous concepts that make the world a better place. A panel of judges from all sectors select winners, runners-up and honorable mentions based on feasibility and potential for impact. With the goal of rewarding 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 confront us. affect all.

Forward-looking statements

Certain statements included in this press release constitute forward-looking statements or forward-looking information under applicable securities laws. These forward-looking statements or information are provided for the purpose of providing information about management’s current expectations and plans regarding the future. Readers are cautioned that reliance on this information may not be appropriate for other purposes. Forward-looking statements or information generally contain statements containing words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “propose”, “project”. ” or similar words suggesting future results or statements about a prospect. Forward-looking statements or information contained in this press release include, but are not limited to, the roles and responsibilities of Mr. Sukyas and the potential benefits he will bring to the Company, as well as the Company’s strategy.

Forward-looking statements or information are based on several factors and assumptions which were used to develop these statements and information, but which may prove to be incorrect. Although VIQ believes that any expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on any forward-looking statements as VIQ cannot guarantee that such expectations will prove to be correct. In addition to other factors and assumptions that may be identified in this press release, assumptions have been made regarding, among other things, the Company’s recent initiatives, and that sales and prospects may provide additional value to 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 which, although 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 actual results, level of activity, performance or achievements to differ materially from those expressed or implied by such forward-looking information, including, but not limit, the factors more fully described in the “Risk Factors” section of the Company’s Basic Shelf Prospectus dated June 10, 2021 and in the Company’s other documents filed with the Canadian securities regulatory authorities and of the United States 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 factors that could affect the Company; however, these factors should be carefully considered. 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 obligation to update or modify any statements containing forward-looking information, or the underlying factors or assumptions, whether as a result of new information, future events or otherwise, except as required by law.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220504005804/en/

contacts

Media:
Laura Hagard
Marketing Director
VIQ Solutions
Email: marketing@viqsolutions.com

Investor Relations:
Laura Kiernan
High level investor relations
Phone 1-914-598-7733
Email: viq@htir.net

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