Had a rare day off last night and decided to take in a Lorain City Council meeting. One of the topics of this council meeting was an implementation of red light cameras. Sponsored by councilman Tim Howard (D) 3rd ward, Nestor Traffic System, of Rhode Island presented about an hours worth presentation about the rewards of their video equipment. Some of the features:
They offer time tested and field proven Collision Avoidance traffic safety technology. Nestor’s 7 year-old video-based detection technology actually predicts a violation will occur and can signal the traffic controller and can extend the red light for cross-traffic. This gives the violator additional time to clear the intersection reducing the chances of right-angle crashes.
They offer full video clips of violations from front and rear vantage points, resulting in the most complete evidence package in the industry that allows officials to view from multiple angles whether the vehicle in question was truly beyond(or behind) the stop line at the exact moment the signal turned red.
Video vehicle tracking individually identifies and tracks every vehicle in the field of view ensuring only the violating vehicle is identified. Video detection is more accurate providing fewer false triggers on turn movements than traditional laser or loop-based systems. It also protects investments in existing infrastructure by not requiring cutting of in-ground loops.
With less than a 3% court challenge rate and less than 1% overturn rate, Nestor has a track record of success.
Other advantages that Nestor offers:
Video recording only occurs when there is a violation.
Violation video is transmitted digitally (in real time) to central processing facility.
Evidence retrieval.
Citation preperation and citation mailing.
Court package preperation.
Payment processing.
Toll-free customer service hotline.
Nestor will install all equipment and software at no charge to the city, and any future software upgrades are also provided at no cost. Nestor only requires a percentage of the fines levied against the violators. Approxmately 35% according to the representative present at last night’s meeting.
Now the bad news:
Red-light camera firm for Montclair beset with losses
Complete article can be found here
And also:
Nestor faces de-listing by Nasdaq
;By Susan A. Baird
PBN Web Editor
PROVIDENCE – Nestor Inc. (Nasdaq: NEST) was notified by the Nasdaq Stock Market LLC, in a letter dated Tuesday, that the market intends to end trading in the company’s stock at the end of this month and de-list the securities. Nestor said it “does not expect that it will appeal the staff’s delisting determination.”
A year ago today, the traffic-safety systems and services provider was notified that – because its stock had traded below $1 per share for the previous 30 business days – it was no longer in compliance with requirements for continued listing on Nasdaq. In accordance with marketplace rules, Nestor was given 180 days to meet the market’s minimum bid price requirement or risk delisting.
Complete article can be found here
H/T to Ladalang for these articles.
And, there’s also the thought of “BIG BROTHER” watching over us.
Your thoughts, please.
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