Nestor Receives Fourth Patent for Its Video-Based Red Light Enforcement and Safety Product ``CrossingGuard''

PROVIDENCE, R.I.--Nov. 1, 20038, 2003--Nestor, Inc. (OTC: NESO), is pleased to announce the issuance of U.S. Patent #6,647,361 on November 11, 2003. The patent entitled "Non-Violation Event Filtering for a Traffic Violator Detection System" teaches the use of customer selectable filters designed to reduce the number of events generated by a red light enforcement system, such as minimum speed thresholds, time after red delays, and permitted vehicle turns such as right-on-red.

Three previous patents received address the use of video in an integrated red light enforcement system, method of using video to track and predict red light violations, and the collision avoidance feature designed to actively avoid collisions and save lives at an intersection.

Nestor Traffic Systems is a provider of innovative, video-based red-light enforcement solutions and services. Nestor's patented video technology provides solutions that help reduce red-light violations and improve traffic safety at intersections. In addition, CrossingGuard is the only automated red-light system in the industry that offers Collision Avoidance, an optional safety feature that actually helps prevent intersection collisions. The CrossingGuard product offers municipalities an opportunity to significantly reduce red light running violations and demonstrate a commitment to safety. Nestor brings intelligence to intersections.

Certain information in this press release includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved.