Nestor, Inc.: Diboll, Texas Signs 2-Year Contract With Nestor Traffic Systems, Inc. for Automated Red Light Solution
Diboll, Texas Signs 2-Year Contract With Nestor Traffic Systems, Inc. for Automated Red Light Solution
The First Nestor Traffic Systems Red Light Program in Texas
PROVIDENCE,
RI — (MARKET WIRE) — January 30, 2007 — Nestor Traffic Systems, Inc., a subsidiaryof Nestor, Inc. (NASDAQ: NEST), a leading provider of advanced automatedtraffic enforcement solutions and services, announced that Diboll, Texashas entered into a 2-year contract to employ Nestor Traffic Systems’CrossingGuard® red light enforcement solution and all related services.
As the City web site states, “Diboll is going high-tech,” with plans toinstall red light enforcement systems at 6 approaches at up to 3intersections.
“Diboll represents Nestor’s first CrossingGuard® red light enforcementcustomer in Texas. With Nestor’s advanced tracking technology and multiplesynchronized videos, Diboll will be utilizing the most complete evidencepackage anywhere in the state. No other system shows infractions moreclearly to violators, police officers and judges,” said Nestor ChiefExecutive Officer William B. Danzell. “We are very pleased to beintegrating this unique solution into the City’s ongoing public safetyprogram.”
Nestor Traffic Systems provides automated traffic enforcement solutions tostate and municipal governments. Nestor Traffic Systems is the exclusiveNorth American distributor for the Vitronic PoliScanSpeed™ scanningLiDAR, capable of tracking multiple vehicles in multiple lanessimultaneously. Our CrossingGuard® red light enforcement system usespatented multiple, time-synchronized videos to capture comprehensiveevidence of red light and speed violations. In addition, CrossingGuard®offers customers a unique Collision Avoidance™ safety feature that canhelp prevent intersection collisions. CrossingGuard® is a registeredtrademark of Nestor Traffic Systems, Inc. PoliScanSpeed™ is a trademarkof Vitronic. For more information, call (401) 274-5658 or visitwww.nestor.com.
Statements in this press release about future expectations, plans andprospects for Nestor, including statements containing the words “expects,”"will,” and similar expressions, are forward-looking statements within themeaning of Section 21E of the Securities Exchange Act of 1934. We may notmeet the expectations disclosed in our forward-looking statements andinvestors should not place undue reliance on those statements. Actualresults may differ materially from those indicated by such forward-lookingstatements as a result of various factors, including: market acceptance ofour products, competition, legal and legislative challenges to automatedtraffic enforcement, our ability to operate with reduced staff andcapitalization, and other factors discussed in Risk Factors in our mostrecent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filedwith 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 afterour most recent annual or quarterly report. The forward-looking statementsin this letter represent our current views and we disclaim any obligationto update these forward-looking statements.
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