TORONTO, Dec. 07, 2017 (GLOBE NEWSWIRE) -- VIQ Solutions Inc. ("VIQ" or the "Company") (TSX-V:VQS), a global expert providing a cybersecurity protected technology and service platform for digital evidence capture and content management, is pleased to announce the appointment of Mike May, an experienced technology leader in analytics, to lead the technology development of aiAssistTM.
"Mike will lead the team of scientists and technologists responsible for the innovative design, architecture, development and product management of VIQ's new aiAssistTM which builds on VIQ's proprietary patent protected cybersecurity platform," said Sebastien Pare, VIQ President and Chief Executive Officer.
"This important strategic initiative will allow existing and new VIQ customers to unlock value from their petabytes of securely stored content, providing new actionable insights and bringing them significant operational efficiencies in speed, accuracy and cost in mining their content," Mr. Pare said.
The highly sensitive and ultra-secure nature of customer content makes the application of AI particularly distinct compared to generic AI tools and this is where VIQ's aiAssistTM comes in. Monetization of AI services for VIQ is through partnerships with existing public safety, military, judicial and medical customers. VIQ's sole focus is addressing tangible real world challenges customers face daily in decision support, quality assurance, digitization and security.
Under Mike May's leadership, aiAssistTM will enable our customers to deploy new services such as reliable AI-based transcripts by attacking multi-speakers' audio quality at source using AI-based filters and pre-processors built into VIQ's capture technology. And also enable AI-based semantic searches to find content faster and make connections between significant content and case volume. aiAssistTM will enable customers to apply a range of intelligent tagging techniques against content and subjects by facial and other object identification methods originating from hundreds of audio, video and sensor data points via VIQ's proprietary patent protected cybersecurity platform.
"Mike has outstanding expertise in developing Artificial Intelligence platforms and services. He has an impeccable history of delivering breakthrough technologies and products. He was one of the first to build a geospatial and vehicle telemetry AI platform that helped to transform the transportation industry. We are proud to have Mike join the VIQ team" said Mr. Pare.
"I am excited and highly motivated to join VIQ at this critically important time in developing its suite of aiAssistTM products, said Mike May. I am looking forward to the challenge of addressing real world challenges with a superior solution that will appeal to our customers and partners."
Prior to joining VIQ, Mike was CIO of Progressive Waste and has held several senior leadership technology roles where his teams engineered advanced products in a variety of industries including high tech, pharma, retail, and specialty and manufacturing. Mike has a passion for AI, machine learning and applied analytics.
VIQ is the leading technology and service platform provider for digital evidence capture and content management. Our secure modular software allows customers to onboard the VIQ platform at any stage of their organization's digitization, from the capture of digital content from video and audio devices through to online collaboration, mobility, data analytics and integration with sensors, facial recognition, speech recognition and case management or patient record systems. VIQ's technology leads the industry in security, meeting the highest international standards for digital cybersecurity and privacy, including military and medical regulations.
Our 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. VIQ also provides end to end transcription services to several large government agencies through our Australia-based reporting and transcription partners. VIQ operates worldwide with partners like security integrators, audio-video specialists, and hardware and data storage suppliers.
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, management's targets for the Company's growth in 2017, as well as the size, scope, and timing of the implementation of projects currently in the pilot phase.
Forward looking statements or information is 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 VIQ 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 VIQ 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 Company's recent initiatives, and that sales and prospects may provide incremental value for shareholders. 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 VIQ and described in the forward looking statements or information. These risks and uncertainties may cause actual results to differ materially from the forward looking statements or information. Readers are cautioned that the foregoing list is not exhaustive of all possible risks and uncertainties.
For further information: Peter Kostandenou, Chief Marketing Officer, VIQ Solutions, (905) 948-8266 ext. 213, email: firstname.lastname@example.org.
For more information about VIQ, 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.
Source: VIQ Solutions Inc.