SOURCE: Nestor, Inc.

August 02, 2006 17:39 ET

Douglas County, Georgia County Commission Approves Nestor Traffic Systems Proposal

PROVIDENCE, RI -- (MARKET WIRE) -- August 2, 2006 -- Nestor, Inc. (NASDAQ: NEST), the parent of Nestor Traffic Systems, Inc., a leading provider of advanced automated traffic enforcement solutions, is pleased to announce that today, August 1, 2006 the County Commission of Douglas County, Georgia approved Nestor Traffic Systems' proposal for the installation, maintenance, and operation of CrossingGuard®, Nestor's patented video based automated red light camera system at four approaches for three years. The approval is subject to the negotiation and execution of a final contract.

William Danzell, Chief Executive Officer of Nestor Traffic Systems, Inc., stated, "By choosing the only system that provides multiple synchronized videos of red light violations, the County will be able to reassure its drivers that citations are not issued unless they are warranted. Douglas County will join our growing list of Georgia customers benefiting from CrossingGuard®'s accurate and effective video-based detection system."

Nestor Traffic Systems provides automated traffic enforcement solutions to state and municipal governments. CrossingGuard® uses patented multiple, time-synchronized videos to capture comprehensive evidence of red light and speed violations. In addition, CrossingGuard® offers customers a unique Collision Avoidance™ safety feature that can help prevent intersection collisions. CrossingGuard® is a registered trademark of Nestor Traffic Systems, Inc. Collision Avoidance™ , NTS Video VASCAR™ and ViDAR™ are trademarks of Nestor Traffic Systems, Inc. Nestor Traffic Systems is the exclusive North American distributor for Vitronic's PoliScanSpeed™ scanning LiDAR, which tracks multiple vehicles bidirectionally in multiple lanes simultaneously. PoliScanSpeed™ is a trademark of Vitronic. For more information, call (401) 274-5658 or visit www.nestor.com.

Statements in this press release about future expectations, plans and prospects for Nestor, including statements containing the words "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. We may not achieve the plans, intentions or expectations disclosed in our forward-looking statements and investors should not place undue reliance on our forward-looking statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various factors, including: market acceptance of our products, competition, patent protection of our technology, and other factors discussed in Risk Factors in our most recent Annual Report on Form 10-K filed with the SEC. Investors are advised to read Nestor's Annual Report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed after our most recent annual or quarterly report. The forward-looking statements included in this press release represent our current views and we specifically disclaim any obligation to update these forward-looking statements in the future.