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July 31, 2015 2:12 AM ET

Electronic Equipment, Instruments and Components

Company Overview of Nestor Inc.

Company Overview

Nestor, Inc. provides automated traffic enforcement systems and services to state and local governments in the United States and Canada. It offers CrossingGuard, an automated, video-based red light enforcement system that predicts and records the occurrence of a red light violation, and manages the process of issuing and processing citation; and Collision Avoidance, a proprietary accident prevention system, which predicts red light violations and extends red signal phase of traffic light to prevent deadly intersection collisions. The company also provides PoliScan, a multi-lane, bi-directional scanning light detection, and ranging system; LiDAR, a speed enforcement system; and ViDAR, a video...

42 Oriental Street

Third Floor

Providence, RI 02908

United States

Founded in 1975

89 Employees

Phone:

401-274-5658

Key Executives for Nestor Inc.

Chief Accounting Officer and Corporate Controller
Age: 45
Chief Operating Officer, Chief Technology Officer and Vice President
Age: 48
Vice President of Mergers, Acquisitions and Strategic Alliances
Age: 56
Chief Legal Officer, Vice President of Business Development and Secretary
Age: 52
Compensation as of Fiscal Year 2015.

Nestor Inc. Key Developments

SEC Revokes Registration Of Securities Of Nestor

An Administrative Law Judge issued an Initial Decision in the matter of Nestor, Inc. The Initial Decision found that the company’s securities registered with the Securities and Exchange Commission (SEC or the Commission) pursuant to Section 12(g) of the Securities Exchange Act of 1934, failed to file required periodic reports, and that the evidence supported revocation of its registered securities as necessary and appropriate for the protection of investors.

SEC Orders Hearing On Registration Suspension Or Revocation Against Nestor

In conjunction with the trading suspension, Securities and Exchange Commission (SEC or Commission) also instituted public administrative proceedings to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of Nestor, Inc. for failure to make required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceedings.

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