CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC Markets Group: JNSH) announced today that JNS Power & Control Systems, Inc. has been awarded a contract to install new variable frequency drives (VFD’s) to replace the constant volume system at Chicago's main post office. The 24 new VFD’s will be installed on 15 existing air handler supply and return fans and four cooling towers to reduce energy consumption at the Harrison Street sorting facility and result in significantly lower building operation costs.
Additionally, since all the new VFD’s will be wired into the building’s automated control system, the system will be able to maintain the correct building humidity to insure the mail sorting equipment runs properly and without interruption, whereby reducing the maintenance and repair costs for sorting equipment.
“The value of contracts we are receiving this year have already surpassed our first quarter contracts for the last few years. I believe our region is showing significant signs of economic recovery,” said Jean Howe, President and Chief Executive Officer. “Our first quarter financial, which will be released next week, reinforces this belief and shows promise for continued economic repair and growth to our industry, but most importantly, for JNS.”
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.