VIQ Solutions Commences Multi-Year Contract with Queensland Courts Department of Justice and Attorney General
VIQ Solutions Inc. has entered into a contract to provide transcription and monitoring services for approximately 50% of Queensland's court cases. The agreement, part of a master services contract signed in late 2020, spans six years with potential extensions. The services are aimed at ensuring accuracy, promptness, and confidentiality in the court system. With a track record of 99.53% accuracy, VIQ is expected to manage 12,000 hours of services and produce over 500,000 transcript folios annually.
- Contract to serve about 50% of Queensland courts boosts revenue potential.
- Proven accuracy rate of 99.53% enhances competitive positioning.
- Expecting to produce over 500,000 transcript folios annually indicates strong operational capacity.
- None.
Contract provides courtroom monitoring and transcription services to approximately
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
“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
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
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.
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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
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.
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Email: marketing@viqsolutions.com
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High Touch Investor Relations
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Email: viq@htir.net
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