Nestor Traffic Systems Termed Holistic Traffic Safety Provider Under New Sole Source Contract in Ohio

• Press Release
• Source: Nestor, Inc.
• On Wednesday December 3, 2008, 9:24 am EST

PROVIDENCE, RI--(MARKET WIRE)--Dec 3, 2008 -- In a unanimous decision by the Lima City Council, the City of Lima selected Nestor Traffic Systems, Inc., a wholly owned subsidiary of Nestor, Inc. (OTC BB:NEST.OB - News), to provide a comprehensive suite of traffic safety systems and services. The sole source contract calls for all digital automated red light enforcement -- complete with Nestor's unique Collision Avoidance(TM) crash prevention system -- and automated mobile speed enforcement throughout the Allen County capital city.

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Major Tony Swygart of the Lima Police Department stated, "After reviewing the traffic enforcement technology of several companies, we have concluded that the City of Lima is best served by Nestor. A program that brings the best available red light and mobile speed enforcement to our neighborhood streets sends a strong message that the City is serious about traffic safety."

"The City is moving forward with an integrated violation enforcement and crash prevention solution to deter dangerous driving in Lima. We are proud to partner with the City and are confident that the City will see a tremendous benefit from our technology," stated Clarence A. Davis, Nestor Chief Executive Officer.

Nestor Traffic Systems provides automated traffic enforcement solutions to state and municipal governments. Nestor Traffic Systems is a distributor for the Vitronic PoliScanSpeed(TM) scanning LiDAR, capable of tracking multiple vehicles in multiple lanes simultaneously. An industry first, the scanning LiDAR mobile speed enforcement system is an innovative solution for digital speed detection and image recording. The scanning capability of the PoliScanSpeed(TM) system minimizes the ambiguity and measuring errors associated with conventional photo speed enforcement systems. Nestor's CrossingGuard® red light enforcement system 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(TM) safety feature that can help prevent intersection collisions. CrossingGuard® is a registered trademark of Nestor Traffic Systems, Inc. PoliScanSpeed(TM) 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, are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. We may not meet the expectations disclosed in our forward-looking statements and investors should not place undue reliance on those 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, legal and legislative challenges to automated traffic enforcement, and other factors discussed in Risk Factors in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with 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 after our most recent annual or quarterly report. The forward-looking statements in this letter represent our current views and we disclaim any obligation to update these forward-looking statements.

For more information, call (866) 434-5522 or visit www.nestor.com.