Mr. Larry Taylor reports

VIQ SOLUTIONS ANNOUNCES CLIENT CONTRACT EXTENSIONS AND AN UPCOMING PRODUCT RELEASE

VIQ Solutions Inc. has extended two multiyear, multimillion-dollar client contracts in the United States and United Kingdom business units. The first extension, with a media client, pushes the next renewal date out to second quarter 2029, and represents approximately $1.6-million (U.S.) in annual revenue. The second, with a U.K. government client, pushes the next renewal to third quarter 2028, and represents approximately $800,000 (U.S.) in annual revenue. In addition, the company has renewed a number of client contracts in courts, law enforcement and other government agencies in the United States.

"We are very pleased with the mutual commitment between VIQ and our U.S. and U.K. clients, which allows us to invest in and further develop our services for the long term," said Elizabeth Pennell, global head of operations. "While technology advancements enable VIQ to continually evolve the processes, our long-term relationships with our clients are the true basis of VIQ's presence in the market."

VIQ is also pleased to announce the coming release of a new approach to audio capture.

"Our new approach to audio capture will bring together resilient recording, streaming transcription and translation, and secure remote access in a single connected experience," said Caroline Brown, vice-president of marketing, product and technology. "Built for high-stakes environments where accuracy and reliability matter most, the product will empower teams to capture, stream and access live proceedings from anywhere, while laying the foundation for faster workflows, enhanced collaboration and smarter content management."

VIQ is also announcing that it has issued stock options and restricted share units of the corporation covering a total of 2.01 million common shares of the corporation under its omnibus equity incentive plan, including a grant of 300,000 stock options and 1.3 million RSUs to certain officers and directors of the company. All of such stock options will vest between the grant date and Oct. 31, 2026, and all such RSUs will vest following the one-year anniversary of the grant date.

About VIQ Solutions Inc.

VIQ Solutions is a global provider of secure, AI-driven, digital voice and video capture technology, and transcription services. VIQ offers a seamless, comprehensive solution suite that delivers intelligent automation, enhanced with human review, to drive transformation in the way content is captured, secured and repurposed into actionable information. The cybersecure, AI technology and service platform are 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 to achieve digital transformation faster and at a lower cost.

We seek Safe Harbor.