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VIQ Announces Digital Audio and Video Recording Contract in Mexico(March 12, 2012)
MARKHAM, ONTARIO -- (Marketwire) -- 03/12/12 -- VIQ Solutions Inc. ("VIQ", "VIQ Solutions" or the "Corporation") (TSX VENTURE:VQS) announced today that they have been awarded a contract for digital audio and video capture in Mexico with local reseller Dyntra, S.A de C.V. ("Dyntra").
Under the contract, VIQ will provide Encompass RPC software to the federal courthouse in Merida in the Mexican state of Yucatan. The Encompass RPC software allows the court to record five high definition digital channels of synchronized video and audio as well as multiple audio-only channels. The VIQ software incorporates a customizable Spanish-language interface and allows for future expansion of the system. IP cameras and server hardware from Cisco Systems, Inc. will be used to facilitate the recording of the multiple channels of digital and audio and provide the back-end storage infrastructure.
Dyntra, VIQ's authorized reseller in Mexico, will provide local implementation and support services. Dyntra is part of Grupo Lefic, a large-scale systems integrator involved in telecommunications and infrastructure projects across Mexico, including high-tech solutions for the security and justice markets.
"This contract is an important foothold for VIQ in the growing Mexican and Latin American markets," said David Outhwaite, President and CEO of VIQ Solutions. "The project in Merida demonstrates that VIQ and our partners can provide a complete, sophisticated solution that meets the unique needs of the courts in these regions."
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.
This press release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this press release, the words "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "will," and "would" and similar expressions are intended to identify forward-looking statements. Such statements reflect VIQ Solutions' current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made including the size and scope of the project as well as those factors detailed from time to time in other filings made by VIQ Solutions with Canadian securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. VIQ Solutions does not intend and does not assume any obligation to update these forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
VIQ Solutions Inc.
President & CEO
(905) 948-8266 ext. 250
VIQ Solutions Inc.
Chief Financial Officer
(905) 948-8266 ext. 240
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