Nestor's August 1993 ONR-funded, ARPA-administered contract for the Ni1000's PC-compatible development board totaled $776,167 — not the $400,000 trade press reported
Nestor, Inc.'s Form 10-K for the fiscal year ended June 30, 1996 describes a second, separate defense contract behind the Ni1000: on August 26, 1993, Nestor entered "a follow-on program with ARPA (formerly known as DARPA) to design and produce a PC compatible application design and development environment, comprising both hardware and software, which will enable users to incorporate the Ni1000 into products." The filing states this contract's total value, completed in December 1995, was $776,167 (about $423,000 realized in fiscal 1994) — and separately identifies the funder as the Office of Naval Research (ONR), with ARPA administering it. The matching August 26, 1993 date in both passages of the filing indicates one contract, described twice. This is the PCI 4000 circuit-board and development-environment program, distinct from the chip contract itself, and Nestor subcontracted part of the board's construction to Alta Technology Corporation.
$776,167 is nearly double the "$400,000 from the US Office of Naval Research" figure trade press attached to the Ni1000 in claim-ni1000-neural-chip-funded-by-darpa-and-onr. Paired with claim-nestor-darpa-chip-contract-increased-to-1630000-in-1992 (the separate DARPA chip-development contract), the two primary-sourced figures together replace a single rounded trade-press pairing with two contracts, two dates, and two dollar amounts that do not match it.
Source
“On August 26, 1993, the Company entered into a follow-on program with ARPA (formerly known as DARPA) to design and produce a PC compatible application design and development environment, comprising both hardware and software, which will enable users to incorporate the Ni1000 into products. The total value of this contract, which was completed in December 1995, was $776,167, of which approximately $423,000 was realized in fiscal 1994. Development of the circuit board and software were funded, in part, by a contract dated August 26, 1993, between the Company and Office of Naval Research and administered by the Advanced Projects Research Agency of the Department of Defense ('ARPA').”
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