Ulysses Diversified Holdings Corporation Announces First Wind Turbine Contract
June 01 2011 - 8:35AM
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.