MARKHAM, ONTARIO -- (Marketwired) -- 12/17/14 -- VIQ Solutions Inc. ("VIQ", "VIQ Solutions" or the "Corporation") (TSX VENTURE: VQS) announced today that VIQ reseller Dyntra, S.A. de C.V. ("Dyntra") has been awarded a contract for digital audio and video capture and management by the Mexico Secretaria de la Defensa Nacional ("SEDENA") military courts in Tijuana and Villahermosa, Mexico.
Under the terms of the contract, VIQ will supply SEDENA with digital audio and video recording software and hardware for military courtrooms in Tijuana and Villahermosa. VIQ's customizable software interface allows SEDENA to run the software in their native Spanish and uses a VIQ Central Server for centralized storage of audio, video and notes from multiple courtrooms.
The initial installations are part of the overall modernization of federal criminal justice centers across Mexico. SEDENA is locally supported by Mexico-based VIQ reseller Dyntra, a leader in sophisticated audio and video capture with a special focus on the courts and police markets. Dyntra anticipates up to 19 total courthouses will be involved in this modernization project, with the further expectation of adding VIQ's NetScribe and AccessPOINT web-based applications.
"SEDENA and the Mexican military courts are part of VIQ's initiative to tackle complementary market verticals and emerging geographic regions," says Sebastien Pare, President of VIQ Solutions. "Recent federal legislation has made Mexico's digital audio and video court recording standards among the most progressive in the world. With a sophisticated local partner like Dyntra, we are able to further expand into Mexico, a key target region for VIQ, and actively market and sell VIQ's robust digital recording solutions to the courts and across new market sectors."
About VIQ Solutions Inc.
VIQ Solutions is a global leader in computer-based digital audio and video capture and management. We develop software solutions that capture, digitize, and compress audio and video data, which is securely stored in a multi-tiered server system where it is easily searchable and shareable. Our innovative media processor technology allows users to remotely control audio- video capture in multiple locations from a single satellite location, allowing large scale and complex installations to be managed efficiently by fewer resources. VIQ Solutions' technologies are installed in courts, legislative assemblies, law enforcement and hearing rooms around the world.
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, the expected size and scope of the contract and the length of the contract awarded by the Mexico Secretaria de la Defensa Nacional, the Corporation's strategic direction, and the future plans and objectives of the Corporation.
Forward-looking statements or information are based on a number of factors and assumptions which have been used to develop such statements and information but which may prove to be incorrect. Although the Corporation 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 the Corporation 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 expected size and scope of the contract and the length of the contract awarded by the Mexico Secretaria de la Defensa Nacional, the Corporation's strategic direction, and the future plans and objectives of the Corporation in the manner described herein. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which have been used.
Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by the Corporation and described in the forward-looking statements or information. These risks and uncertainties which may cause actual results to differ materially from the forward-looking statements or information include, among other things, the expected size and scope of the contract and the length of the contract awarded by the Mexico Secretaria de la Defensa Nacional, the ability of management to execute its business plan and the risk that the Corporation may alter its business strategy. Readers are cautioned that the foregoing list is not exhaustive of all possible risks and uncertainties.
The forward-looking statements or information contained in this news release are made as of the date hereof and the Corporation undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise unless required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
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.
Contacts:
VIQ Solutions
David Outhwaite
Chief Executive Officer
(905) 948- 8266 ext. 250
douthwaite@viqsolutions.com
VIQ Solutions
Karen Hersh
Chief Financial Officer
(905) 948-8266 ext. 240
khersh@viqsolutions.com
www.viqsolutions.com
