provider of advanced automated traffic enforcement solutions and services,
announced today that its wholly owned subsidiary, Nestor Traffic Systems,
Inc. (“NTS”), has entered into a contract extension and expansion with the
Delaware Department of Transportation (“DelDOT”) to continue supporting
Delaware’s Electronic Red Light Safety Program.
NTS has been providing services to DelDOT since 2004. With the contract
extension and expansion, DelDOT has committed to an extension of three
years plus a minimum of twenty additional approaches to be protected by
NTS’s patented CrossingGuard® system, which is based on advanced digital
technology and provides unique safety features and advanced client support
capabilities. The contract addendum will expand upon the past four years
of improving intersection safety and reducing the number of red-light
violations throughout the State of Delaware. Since 2004, 16 of the 20
intersections in Delaware that have CrossingGuard® installed have
experienced a decrease in total crashes.
By entering into the contract addendum, DelDOT has illustrated its
confidence that NTS is the only partner to assist DelDOT in its unequalled
commitment to safety. Delaware is currently the only statewide red-light
program in the nation. DelDOT firmly believes that NTS is the proven
vendor of the highest level of technology coupled with an unrivaled
commitment to making intersections safer and offering the best customer
support in the industry. After working with NTS for four years, DelDOT
recognizes that no other competitor could perform the kind of services with
the level of excellence that NTS has consistently demonstrated.
“We are very pleased to continue our relationship with DelDOT. By entering
into a contract extension and expansion with NTS, DelDOT has illustrated
its commitment to ensuring the safety of its citizens and all those who
drive upon its roads. We are honored to be a part of such a commitment and
will continue to provide DelDOT with the best services and support
possible,” said Clarence A. Davis, NTS Chief Executive Officer.
NTS, through its CrossingGuard® product, will continue to provide DelDOT
with the ability to capture multiple frames of red light violations,
providing law enforcement officials with the ability to objectively review
an event and the circumstances under which it occurred. With this level of
fair and objective evidence, officials can be certain that events are
reviewed in the proper context and with the highest level of integrity.
CrossingGuard® has a less than three percent court challenge rate and a
less than one percent overturn rate system-wide.
Nestor Traffic Systems provides automated traffic enforcement solutions to
state and municipal governments. Our CrossingGuard® red light
enforcement system uses patented multiple, time-synchronized videos to
capture comprehensive evidence of red light violations. In addition,
CrossingGuard® offers customers a unique Collision Avoidance™ safety
feature that can help prevent intersection collisions. We also offer a
video-based ViDAR™ speed detection and imaging system which uses
non-detectable, passive video detection and enforces multiple, simultaneous
violations bi-directionally. Nestor Traffic Systems is a distributor for
the Vitronic PoliScanSpeed™ scanning LiDAR, capable of tracking multiple
vehicles in multiple lanes simultaneously. CrossingGuard® and ViDAR™
are registered trademarks 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, 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, 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 our 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.