JNS Holdings Corporation Announces Contract at Chicago’s Main Post Office
April 19 2012 - 12:20PM
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.
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