CHICAGO--(BUSINESS WIRE)--Ulysses Diversified Holdings Corporation (PINKSHEETS: UDHC) today reports that JNS Power & Control Systems, Inc. has been awarded their first wind turbine electrical connection contract at Kankakee Community College (“KCC”) in Kankakee, Illinois. Wind turbines convert kinetic energy from the wind into mechanical energy and provide electricity without reliance on fossil fuels. Large grid-connected arrays of turbines are becoming an increasingly large source of commercial electric power. Developed over a millennium, today's wind turbines are manufactured in a range of vertical and horizontal axis types.
This wind turbine will be assembled on site and connected directly to a transformer on campus, whereby supplying a portion of the electrical needs of the college. It is estimated that KCC will save about $14,000 a year on its electrical bills and reduce its carbon footprint significantly by utilizing this renewable energy source. Funds from the Illinois Clean Energy Community Foundation and from the US Department of Education, Fund for Improvement for Post Secondary Education (FIPSE) make this project possible.
“This is our first wind turbine project,” said Jean Howe, President and Chief Executive Officer. “It won’t be easy for our society to break free from fossil fuels to power our cars and create electricity for our homes and businesses, but it is definitely the need of the future. Being well versed in projects to improve energy efficiency and sustainability, through building automation and now renewable energy, will continue our company’s success and provide ever increasing shareholder value. Please visit our Facebook page to view pictures of the wind turbine installation.”
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.