SOURCE: Nestor, Inc.

July 10, 2007 17:07 ET

Nestor Traffic Systems, Inc. Executes New Public Safety Contract With the City of San Juan Capistrano, California

Nestor to Upgrade Existing Wet Film Sites to All-Digital Solution

PROVIDENCE, RI--(Marketwire - July 10, 2007) - Nestor Traffic Systems, Inc., a subsidiary of Nestor, Inc. (NASDAQ: NEST), a leading provider of advanced automated traffic enforcement solutions and services, announced today that the City of San Juan Capistrano in Orange County, California has entered into a 5-year contract to employ Nestor Traffic Systems' CrossingGuard® red light enforcement solution and all related services. Nestor will work with the City to transition from its current red light enforcement service provider Redflex Traffic Systems, Inc. Nestor initially will replace four approaches in the City to the all-digital CrossingGuard® system and may add four new approaches under the new contract. The contract is the result of a competitive solicitation initiated by the City in 2005.

"Our new contract with the City of San Juan Capistrano is the culmination of two years of hard work and dedication to upgrading and improving traffic safety in the City. Our experience with converting old technology to our all-digital solution supports a smooth transition," said Nestor Traffic Systems Chief Operating Officer Todd Eikinas. "We welcome San Juan Capistrano to our growing and dynamic group of California traffic safety customers."

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 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, 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, 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.

Contact Information

  • CONTACT:
    Nigel P. Hebborn
    Executive Vice President
    (401) 274-5658 ext. 714
    www.nestor.com