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VIQ Solutions Inc
Symbol VQS
Shares Issued 127,469,941
Close 2016-09-26 C$ 0.16
Market Cap C$ 20,395,191
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VIQ garners patent-pending status for IP

2016-09-26 09:47 ET - News Release

Mr. Sebastien Pare reports

VIQ AWARDED PATENT PROTECTION FOR KEY HIGH PERFORMANCE INTELLECTUAL PROPERTY

VIQ Solutions Inc. has been awarded patent-pending status for its innovative high performance evidence-based training workflow.

The patents relate to VIQ's secure digital AV capture of training procedures, protocols and performance criteria. The captured data and associated video analytics enable detailed trainee competence assessment and significantly enhance training and improve performance.

Applications apply to a wide range of personnel in VIQ's market focus in medical, law enforcement, courts, public safety and military. Training and certification for key positions such as surgeons, physicians, police, military, firefighters, border and national security agents, and emergency response, for example, are enhanced by more effective development and highly detailed performance evaluation. The universality of the methodology allows future applications in other business sectors.

"Achieving patent-pending status on our sophisticated workflow innovations is a tremendous step forward for VIQ Solutions," said Sebastien Pare, president and chief executive officer of VIQ Solutions Inc. "These registrations safeguard the advanced workflow features and processes that separate VIQ from our competitors and formally recognize us as the technology leader in our industry."

The captured digital content acquired from VIQ's platform replaces traditional qualitative assessments, with replay and searchable content capturing the actual demonstration of procedures or protocols. The system provides a verified and trusted historical record of the training results of an individual or group that are collected, saved and reviewed.

The audio/video content can also be enriched with digital data, notes, observations, and other measurements specifically designed to measure and assess performance.

"The VIQ platform provides actual evidence of trainee proficiency in certain techniques and irrefutable evidence of progress," said Malcolm Macallum, chief technology and chief operating officer for VIQ Solutions. "This evidence can be reviewed, documented and shared by administrators in an unprecedented way while maintaining the highest level of security and privacy."

"There is tremendous opportunity for VIQ with this sophisticated workflow as more and more industries digitize their training and workflow processes," said Mr. Pare. "Formally protecting our intellectual property was an important step in ensuring VIQ is recognized for our leadership in this growing market."

About VIQ Solutions Inc.

VIQ Solutions' 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, transportation and transcription service providers.

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