SOURCE: Nestor, Inc.

April 19, 2006 17:22 ET

Nestor Traffic Systems Enhances Processing Support Services With New Nlets, Inc. Strategic Partnership

PROVIDENCE, RI -- (MARKET WIRE) -- April 19, 2006 -- Nestor, Inc. (NASDAQ: NEST) is pleased to announce that Nlets, Inc. has approved Nestor Traffic Systems, Inc. (NTS), a leading provider of advanced traffic enforcement solutions and subsidiary of Nestor, Inc., to use its data communications links to state police networks to access motor vehicle registration data for NTS customers. NTS currently collects this data through separate interfaces with individual Motor Vehicle Departments and use of a sub-contractor for out-of-state license plate data collection. Nlets, Inc., a 39-year old, not-for-profit corporation, is the premier network for information sharing for state and federal law enforcement, criminal justice and first responders.

"Our new strategic partnership will offer law enforcement customers better and faster processing support services," stated NTS Chief Executive Officer William B. Danzell. "This improves our already technologically advanced automated CrossingGuard® red light and PoliScanSpeed™ turnkey enforcement systems and we are extremely pleased with this new relationship."

Steve Correll, Executive Director of Nlets, Inc., added, "These data transactions through Nestor Traffic Systems will be law enforcement transactions, pure and simple. The Nlets network was created to share law enforcement information that can ultimately protect officers and citizens and save lives. Our strategic partnership with Nestor Traffic Systems will help ensure time-critical information is available to law enforcement across the country."

Nestor Traffic Systems provides automated traffic enforcement solutions to state and municipal governments. Nestor Traffic Systems is the exclusive North American distributor for Vitronic's PoliScanSpeed™ scanning LiDAR, which is capable of tracking multiple vehicles bidirectional in multiple lanes simultaneously. 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. 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, 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.