QuickQuote is a web application helping users to select video quotes from a video and embed them in an article. SpokenData API is used to generate video transcription. This project is maintained by Times Digital and Pietro Passarelli.
You can also get to know more about the tool at http://www.niemanlab.org/2015/09/a-new-tool-from-the-times-of-london-lets-you-easily-detect-and-capture-quotes-from-a-video/.