Nestor Traffic Systems ~ $6,700,000 ~ Common Stock ~ January 2004
Nestor Traffic Systems is a leading provider of video-based intersection monitoring systems that provide automated red-light enforcement, increase traffic safety and prevent intersection collisions. After growing from an installed base of forty-one intersection approaches to over ninety in one year, Nestor was looking for capital to continue building contracted installations and to seek new business opportunities. Taglich Brothers, a long-time friend of the Company’s new management, participated in this cost efficient private placement allowing Nestor to meet its near-term capital needs.
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