SOURCE: Hoku Scientific, Inc.

Hoku Scientific, Inc.

April 07, 2010 16:15 ET

Hoku Starts Polysilicon Ramp-Up at Pocatello Facility

POCATELLO, ID--(Marketwire - April 7, 2010) - Hoku Materials, Inc., a wholly owned subsidiary of Hoku Corporation (NASDAQ: HOKU), established to manufacture and sell polysilicon for the solar market, today announced that it had initiated pilot production of polysilicon at its manufacturing facility in Pocatello, Idaho.

Hoku said it had commenced initial operational testing of a portion of its Siemens-based polysilicon production line using trichlorosilane (TCS) purchased from a third-party supplier. The testing was expected to last for up to three weeks and is scheduled to include multiple deposition runs in select polysilicon reactors installed at the Company's Pocatello production facility.

Hoku noted that it had already successfully completed a detailed system commissioning protocol, which included engineering and system verifications, piping system purges, valve and controls testing, system pressurization, reactor power supply and logic testing, and a variety of equipment start-up and casualty control test procedures.

"This is a significant milestone for Hoku Materials," said Scott Paul, president and chief executive officer of Hoku Corporation. "Commencement of this pilot production run marks the beginning of our plant ramp-up and is the result of the collective efforts of our key technical, construction and licensing partners, and the continued support of our customers and vendors. We look forward to transitioning to commercial operations and shipping polysilicon to our customers in the months to come."

About Hoku Corporation

Hoku Corporation (NASDAQ: HOKU) is a diversified clean energy technologies company with three business units: Hoku Materials, Hoku Solar and Hoku Fuel Cells. Hoku Materials plans to manufacture, market and sell polysilicon for the solar market from its plant currently under construction in Pocatello, Idaho. Hoku Solar markets and installs turnkey photovoltaic systems and related services in Hawaii. Hoku Fuel Cells has developed proprietary fuel cell membranes and membrane electrode assemblies for stationary and automotive proton exchange membrane fuel cells. For more information visit www.hokucorp.com.

Hoku, Hoku Solar, and the Hoku Corporation logo are trademarks of Hoku Corporation, and Hoku Materials is the trademark of Hoku Materials, Inc., all rights reserved. All other trademarks, trade names and service marks appearing in this press release are the property of their respective holders.

Forward-Looking Statements

This press release contains forward-looking statements that involve many risks and uncertainties. These statements relate to including Hoku Materials' ability to successfully conduct its planned reactor testing; Hoku Materials' ability to successfully ramp up production to make and ship commercial-quality polysilicon in 2010, if at all; Hoku Corporation's future financial performance; Hoku Corporation's business strategy and plans; and objectives of management for future operations. In some cases, you can identify forward-looking statements by terms such as "anticipate," "believe," "can," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "will," "would" and similar expressions intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause Hoku Corporation's actual results, performance, time frames or achievements to be materially different from any future results, performance, time frames or achievements expressed or implied by the forward-looking statements. Given these risks, uncertainties and other factors, you should not place undue reliance on these forward-looking statements. In evaluating these statements, you should specifically consider the risks described in Hoku Corporation's filings with the Securities and Exchange Commission, as applicable. Except as required by law, Hoku Corporation does not assume any obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Contact Information

  • Contacts for Hoku Corporation:

    Hoku Corporation
    Tel: 808-682-7800
    Email: Email Contact