SOURCE: Nestor, Inc.

May 31, 2005 06:30 ET

San Bernardino, California Selects Nestor Traffic Systems to Provide Red Light Enforcement Services

PROVIDENCE, RI -- (MARKET WIRE) -- May 31, 2005 -- Nestor, Inc. (OTC BB: NESO) is pleased to announce that the San Bernardino, California, City Council has approved a lease and services agreement with Nestor Traffic Systems, Inc. (NTS), a subsidiary of Nestor, Inc. The May 2, 2005 unanimous City Council resolution indicates that NTS will provide its CrossingGuard® system at a minimum of eight approaches at four intersections throughout the city.

"We are pleased to assist the City of San Bernardino in its traffic safety efforts," stated Mr. Nigel Hebborn, Chief Executive Officer of Nestor Traffic Systems. "Our patented intersection safety solution, CrossingGuard, will be deployed at some of the City's most dangerous intersections. We support the City's commitment to traffic safety and expect that red light running incidents will dramatically decrease at these intersections."

Nestor Traffic Systems, Inc. provides automated traffic safety 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; PoliscanSpeed, a mobile laser-based photo speed enforcement system designed to reduce the number of speeding vehicles on public roadways, including school zones and construction zones; and CG Speed, a fixed-site, multi-sensor, speed enforcement system.

CrossingGuard® is a registered trademark of Nestor Traffic Systems, Inc. PoliscanSpeed is a trademark of Vitronic GmBH. 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 our most recent annual report filed with the SEC. 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
    (401) 434-5522 ext. 714
    www.nestor.com