Hoku Scientific confirms plans to stay on Oahu

POSTED: 15:37 MST Monday, July 14, 2008

by IBR staff report

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Hoku Scientific Inc., a materials science company focused on clean energy technologies, accepted an offer from Operating Engineers Local Union Number 3, District 17, in Hawaii, to sell its property and facility in Kapolei, Hawaii.

The closing of the sale is subject to various contingencies, including the sale by Operating Engineers of its current facility on Middle Street near downtown Honolulu, according to reports.

“We are pleased by these developments,” said Dustin Shindo, chief executive officer of Hoku Scientific. “The growth of our solar installations business here in Hawaii has changed our real estate needs. Our Kapolei facility was originally designed for research, development, and production of our fuel cell membrane and MEA products, and it no longer suits our solar panel warehousing, solar project development, and corporate office needs. Following the sale, we plan to relocate Hoku Scientific’s global headquarters and our Hoku Solar operations to a new facility on Oahu.”

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