Mr. Larry Taylor reports

VIQ SOLUTIONS, AXL PARTNER TO REACH UP TO 99% ACCURACY IN TELLING SPEAKERS APART IN TRANSCRIPTS

VIQ Solutions Inc. has partnered with Canadian venture studio AXL to announce a significant breakthrough in identifying who is speaking in multispeaker recordings, now with 97- to 99-per-cent accuracy -- a near-perfect performance benchmark. The companies entered into a mutual agreement on June 30, 2026, with the underlying intellectual property owned by VIQ.

VIQ's aiAssist platform is speech engine agnostic. Through months of VIQ's internal testing, it was determined that all tested speech engines currently on the market continue to struggle with challenges such as short utterances, similar sounding voices and overlapping speech. This new capability directly addresses those limitations.

Matching each piece of speech in a recording to the person who said it is known as diarization. It has long been one of the most persistent pain points for anyone editing transcribed content. Because multispeaker speech accounts for approximately 95 per cent of VIQ's speech output, solving it was VIQ's primary objective of its collaboration with AXL. As a result, end-users can now review a speech draft in a fraction of the time it used to take with fewer speaker changes to make and speakers identified by name.

"We are incredibly excited about this breakthrough," said Caroline Brown, senior vice-president of product and innovation at VIQ Solutions. "Diarization has been one of the toughest problems in this industry, and solving it at this level of accuracy is a huge win for our customers. This is exactly the kind of innovation we set out to deliver when we started this partnership with AXL, and we couldn't be more thrilled with what our teams have accomplished together."

"The underlying speech models are incredibly capable, but on their own they still make a lot of errors, and, in transcription, one of the most damaging errors is attributing words to the wrong person," said Daniel Wigdor, co-founder and chief executive officer of AXL. "That gap between what a model can do in the lab and what a business can rely on is exactly where AXL works. VIQ brought us a hard, well-defined problem and a team that knew what success had to look like."

VIQ will be piloting the feature before rolling it out to the broader customer base.

About VIQ Solutions Inc.

VIQ Solutions is a global provider of secure, artificial-intelligence-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.