SOURCE: Nestor, Inc.

April 09, 2007 19:18 ET

Huntington, Texas Selects Nestor Traffic Systems, Inc. for Automated Red Light Enforcement Services

PROVIDENCE, RI -- (MARKET WIRE) -- April 9, 2007 -- Nestor, Inc. (NASDAQ: NEST), the parent company of Nestor Traffic Systems, Inc., a leading provider of advanced traffic enforcement solutions, is pleased to announce that the City of Huntington, Texas has executed a contract with Nestor Traffic Systems for the provision of automated traffic enforcement services. The three-year contract calls for NTS to install, maintain and operate the CrossingGuard® automated red light camera system at 3 approaches.

Mr. William Danzell, Chief Executive Officer of Nestor Traffic Systems, stated, "We are pleased that Huntington has chosen to partner with Nestor to address its traffic safety needs. The City joins our growing Texas customer base, including neighboring community Diboll, Texas."

Nestor Traffic Systems provides automated traffic enforcement solutions to state and municipal governments. Nestor Traffic Systems is the exclusive North American distributor for the Vitronic PoliScanSpeed™ scanning LiDAR, capable of tracking multiple vehicles in multiple lanes simultaneously. Our CrossingGuard® red light enforcement system 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. PoliScanSpeed™ is a trademark of Vitronic. For more information, call (401) 274-5658 or visit

Statements in this press release about future expectations, plans and prospects for Nestor, including statements containing the words "expects," "will," and similar expressions, are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. We may not meet the expectations disclosed in our forward-looking statements and investors should not place undue reliance on those 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, legal and legislative challenges to automated traffic enforcement, our ability to operate with reduced staff and capitalization, and other factors discussed in Risk Factors in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the SEC. Investors are advised to read Nestor's Annual Report, 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 in this letter represent our current views and we disclaim any obligation to update these forward-looking statements.