Suntech/ Hoku: Completion of Solar Installation
Hoku Scientific and Suntech work together at multiple points in the solar supply chain. In Hawaii, Hoku deploys Suntech modules for many of its commercial installations, while Suntech has engaged Hoku to supply it with solar-grade polysilicon from its planned production facility in Pocatello, Idaho.
''This was another successful project for Hoku Solar and a great example of our partnership-driven approach," said Dustin Shindo, chief executive officer of Hoku Scientific. ''Not only was it Hoku's largest PV installation to date, but it was an opportunity to strengthen our relationship with Suntech. Hoku takes pride in its partnership-driven approach and is pleased to be able to leverage our global solar industry partnerships for the benefit of our clients here at home.''
''These installations are among the first large-scale deployments of Suntech solar modules in Hawaii,'' said Roger Efird, President of Suntech America. ''With abundant sunlight, Hawaii is an ideal location for generating solar energy and is already home to a quickly growing solar market. We are very pleased to be partnering with Hoku Solar to bring the benefits of solar to the people of Hawaii and its beautiful environment.''
About Hoku Scientific, Inc.
Hoku Scientific, Inc. (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 is a provider of 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 http://www.hokuscientific.com .
Suntech Power Holdings Co., Ltd. is a world leading solar energy company as measured by both production output and capacity of solar cells and modules. Suntech is passionate about improving the environment we live in and dedicated to developing advanced solar solutions that enable sustainable development. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly solar products for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech offers one of the broadest ranges of building integrated photovoltaic (BIPV) products under the MSK Solar Design Line(TM). Suntech has sales offices worldwide and is a market share leader in key global solar markets. For more information, please visit http://www.suntech-power.com .
This press release contains forward-looking statements that involve many risks and uncertainties. These statements relate to the performance and durability of Hoku Solar's PV system; actual PV system performance; Hoku Scientific's future financial performance; Hoku Scientific'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's and Suntech'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 Scientific's and Suntech's filings with the Securities and Exchange Commission. Except as required by law, neither Hoku Scientific nor Suntech assumes 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(R) and Hoku Scientific(R) are registered trademarks and Hoku Solar(TM) is a trademark of Hoku Scientific, Inc. Hoku Materials is a trademark of Hoku Materials, Inc. All rights reserved. All other trademarks and service marks used in this press release are the property of their respective owners.
For more information, please contact:
CONTACTS for Hoku Scientific:
Hoku Scientific, Inc.
CONTACTS for Suntech Power:
Suntech America, Inc.
Director of Strategic Marketing
Suntech Power Holdings Co., Ltd.
Sanjay M. Hurry
The Piacente Group, Inc.
Investor Relations Manager
Suntech Power Holdings Co., Ltd.
SOURCE: Suntech Power Holdings Co., Ltd.