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Press Release Source: Hoku Scientific, Inc.
Hoku Scientific Awards Contract for Polysilicon Plant
Thursday August 24, 4:10 pm ET
KAPOLEI, HI--(MARKET WIRE)--Aug 24, 2006 -- Hoku Materials, a business unit of Hoku Scientific, Inc. (NASDAQ:HOKU - News), that is planning to manufacture and sell polysilicon for solar applications, today announced that it has awarded a contract to CH2M HILL Lockwood Greene to provide engineering and related services for Hoku Materials' planned polysilicon production plant. The total value of the contract was not disclosed.
This first phase of the project, plus the balance of the engineering, procurement and construction management services (EPCM) project, will include completion of the detailed engineering design, as well as the construction and start-up of the plant.
"We're pleased to receive this strategic award from Hoku Materials and look forward to bringing our polysilicon plant design and construction experience to this important venture," said Pete Primm, President of Chemicals for CH2M HILL Lockwood Greene. "We look forward to integrating with Hoku's team on this project."
"As we take definitive steps towards executing on our polysilicon strategy, we are pleased to add CH2M HILL Lockwood Greene to our team," noted Dustin Shindo, chairman of the board of directors, president and CEO of Hoku Scientific. "They have performed projects for many of the leading polysilicon manufacturers worldwide over the past several years, and we are confident that their experience in the polysilicon industry will help us to complete this project in time to meet our company's objectives."
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