KAPOLEI, Hawaii and SAN FRANCISCO, July 22 /Xinhua-PRNewswire/ -- Hoku
Solar, Inc., a wholly owned subsidiary of Hoku Scientific, Inc. (Nasdaq: HOKU)
and designer, engineer and installer of photovoltaic (PV) power systems, and
Suntech Power Holdings Co., Ltd.(NYSE: STP), one of the world's leading
manufacturers of solar photovoltaic (PV) cells and modules, today announced
the completion of a 254-kilowatt PV solar power system at the Oahu warehouse
and distribution headquarters of Paradise Beverages, Inc. The system uses
more than 1,540 individual Suntech modules to produce an estimated 525,000
kilowatt-hours of clean solar power each year. It is the third of three solar
projects totaling 358kw of power the Hoku-Suntech team have implemented for
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,
''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
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.