SOURCE: Nestor, Inc.

November 22, 2005 09:55 ET

Los Angeles, California, City Council Approves a Three-Year Contract With Nestor Traffic Systems

PROVIDENCE, RI -- (MARKET WIRE) -- November 22, 2005 -- Nestor, Inc. (NASDAQ: NEST), the parent of Nestor Traffic Systems, Inc., a leading provider of advanced traffic enforcement solutions, is pleased to announce that on November 18, 2005, the City Council of Los Angeles, California, approved a 3-year contract with Nestor Traffic Systems for the installation, maintenance, and operation of CrossingGuard®, Nestor's patented video-based automated red light camera system. The contract provides for CrossingGuard red light camera systems at up to 64 approaches. Nestor Traffic Systems was selected for the Los Angeles program in November of 2004, subject to City Council approval of a contract.

Nestor Traffic Systems (NTS) provides automated traffic enforcement solutions to state and municipal governments. Our goal is to deliver effective solutions for intersection and roadway safety. We currently offer CrossingGuard®, a turnkey solution which helps customers reduce red light running and intersection collisions through automated enforcement, and PoliscanSpeed, a laser-based photo speed enforcement system designed to reduce the number of speeding vehicles on public roadways, including school zones and construction zones.

Our CrossingGuard system uses multiple, time-synchronized videos to capture comprehensive evidence of red light violations. CrossingGuard is the only available system that delivers synchronized front and rear videos, providing officials with the full context of each violation, enabling accurate, objective decisions. Additionally, CrossingGuard offers customers a unique Collision Avoidance™ safety feature that can help prevent intersection collisions. Our CrossingGuard services include: intersection evaluation, equipment installation, user training and support, citation issuance and payment processing, and account management.

We are the exclusive North American distributor for Vitronic's PoliscanSpeed, the industry's only scanning LIDAR, capable of tracking multiple vehicles in multiple lanes, simultaneously. An industry first, the scanning LIDAR mobile speed enforcement system is an innovative solution for digital speed detection and image recording. The scanning capability of the PoliscanSpeed system minimizes the ambiguity and measuring errors associated with conventional photo speed enforcement systems.

CrossingGuard® is a registered trademark of Nestor Traffic Systems, Inc. PoliscanSpeed is a trademark of Vitronic. For more information, call (401) 434-5522 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 That May Affect Our Results in our most recent Quarterly Report on Form 10-Q filed with the SEC. Investors are advised to read Nestor's Annual Report on Form 10-K and quarterly reports on Form 10-Q. 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.

Contact Information

  • CONTACT:
    Nigel P. Hebborn,
    Executive Vice President
    (866) 434-5522 ext. 714
    www.nestor.com