SOURCE: Hoku Corporation

Hoku Corporation

March 19, 2010 16:30 ET

Hoku Initiates Global Branding Strategy by Changing Name to Hoku Corporation

HONOLULU, HI--(Marketwire - March 19, 2010) -  Hoku Corporation, (NASDAQ: HOKU), a materials science company focused on clean energy technologies, today announced it has officially changed its name from Hoku Scientific, Inc. to Hoku Corporation. 

"When we founded the Company, the name Hoku Scientific reflected our core research-driven business developing innovative fuel cell technology," said Dustin Shindo, chairman and chief executive officer of Hoku Corporation. "However, as our business has continued to evolve, we felt the name Hoku Corporation better reflected our strategic direction as a diversified, global clean energy company."

While the Company's official corporate name is Hoku Corporation, the Company will generally do business under the name Hoku, and as Hoku Solar and Hoku Materials for its photovoltaic systems installation and polysilicon businesses, respectively.

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 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.

Forward-Looking Statements

This press release contains forward-looking statements that involve many risks and uncertainties. These statements relate to 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. Except as required by law, Hoku Corporation assumes no 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.

Hoku, Hoku Solar, and the Hoku logo are trademarks of Hoku Corporation, and Hoku Materials is the trademark of Hoku Materials, Inc., all rights reserved.

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