Fulton County, Georgia to Use CrossingGuard(R), Nestor Traffic Systems' Automated Red Light Enforcement Solution
PROVIDENCE, RI -- (MARKET WIRE) -- 03/09/2006 -- Nestor, Inc. (NASDAQ: NEST), the parent of Nestor Traffic Systems, Inc., a leading provider of advanced traffic enforcement solutions, is pleased to announce that Fulton County, Georgia is to use CrossingGuard®, Nestor's Automated Red Light Enforcement System, at ten (10) approaches throughout the County. Earlier this week, Karen C. Handel, Chairman of the Fulton County Board of Commissioners, signed an agreement with Nestor Traffic Systems. Nestor will install its equipment at chosen intersections and provide ongoing back office processing and support services.
The Fulton County Police Chief said, "After the evaluation process was completed, Nestor was chosen as our Red Light Camera Enforcement System for a number of reasons. Nestor stood out because there will be no intrusion into the pavement, there will be no flash or lights other than what's already present, and no discernable source of speed detection device. At no extra cost, Nestor can provide collision avoidance software to detect if an accident is about to occur."
Nigel Hebborn, Executive Vice President of Nestor said, "We're pleased to have won another community in Georgia. We believe our selection by the County to be based, in part, on the recognition of the successful red light program we are currently running in Alpharetta, Georgia and our recent success in Roswell, Georgia."
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. Nestor Traffic Systems is the exclusive North American distributor for Vitronic's PoliScanSpeedTM, the industry's only scanning LIDAR, capable of tracking multiple vehicles in multiple lanes simultaneously. CrossingGuard® is a registered trademark of Nestor Traffic Systems, Inc. PoliScanSpeedTM 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: the accounting issues addressed in our Current Report on Form 8-K filed with the SEC on December 5, 2005, 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, 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.
Nigel P. Hebborn
Executive Vice President
401-274-5658 ext. 714