Blackstone, Massachusetts Signs 3-Year, Multi-System Automated Traffic Enforcement Contract With Nestor Traffic Systems, Inc.
The First Program to Provide for Automated Red Light and Fixed & Mobile Speed Enforcement in New England
PROVIDENCE, RI -- (MARKET WIRE) -- December 14, 2006 -- Nestor, Inc. (NASDAQ: NEST), the parent company of Providence-based Nestor Traffic Systems, Inc. (NTS), a leading provider of advanced traffic enforcement solutions, is pleased to announce that the Town of Blackstone, Massachusetts entered a contract with NTS for the provision of automated traffic enforcement systems and services. The contract calls for NTS to install, maintain and operate the CrossingGuard® automated red light camera system at three approaches. Two fixed speed enforcement units and two mobile speed enforcement units will also be provided under the new contract. The term of the contract is three years.
Mr. William Danzell, Chief Executive Officer of Nestor Traffic Systems, stated, "We will assist the Town in providing a top-notch safety program that addresses the unique traffic demands of this small and growing town on the Rhode Island border."
"Our enforcement tools allow us to offer Blackstone advanced red light and speed enforcement technology supported from our local office in Providence, Rhode Island. Accurate detection translates to dependable citation issuance and ultimately to improving driver behavior," added NTS Chief Operating Officer Todd Eikinas.
Blackstone Chief Ross Astupenas concluded, "By allowing for consistent and reliable enforcement, Nestor's traffic enforcement systems offer a tremendous safety benefit to the Town of Blackstone."
Massachusetts is the twelfth U.S. state in which NTS has municipal customers. With automated photo speed programs operating in 3 cities, under development in another 4 cities and video-based red light programs in 33 cities, Nestor Traffic Systems is a leading provider of automated traffic enforcement tools in the United States.
Nestor Traffic Systems provides automated traffic enforcement solutions to state and municipal governments. 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. Collision Avoidance™ and NTS Video VASCAR™ are trademarks of Nestor Traffic Systems, Inc. Nestor Traffic Systems is the exclusive North American distributor for Vitronic's PoliScanSpeed™ scanning LiDAR, which tracks multiple vehicles bi-directionally in multiple lanes simultaneously. 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, 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, our ability to operate with reduced staff, competition, further approvals of contracted approaches, legal and legislative challenges to automated traffic enforcement, 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.
SOURCE: Nestor, Inc.