Hoku Scientific

Hoku Materials, Inc., a wholly owned subsidiary of Hoku Corporation (NASDAQ: HOKU), established to manufacture and sell polysilicon for the solar market, and Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest producer of crystalline silicon solar panels, today announced that they have amended their polysilicon supply contract to remove all milestones, adjust the contract term, and reschedule the initial shipment date.

Hoku Corporation (NASDAQ: HOKU), a clean energy products and services company, today announced it had entered into a $28.3 million credit agreement with the New York branch of China Construction Bank, the second largest commercial bank by assets in China and the second largest bank in the world by market capitalization. The proceeds will be used toward completion of the development and construction of the polysilicon production plant under construction by Hoku's subsidiary, Hoku Materials, Inc., in Pocatello, Idaho.

Hoku Corporation (NASDAQ: HOKU), a clean energy products and services company, today announced it had entered into a $28.3 million credit agreement with the New York branch of China Construction Bank, the second largest commercial bank by assets in China and the second largest bank in the world by market capitalization. The proceeds will be used toward completion of the development and construction of the polysilicon production plant under construction by Hoku's subsidiary, Hoku Materials, Inc., in Pocatello, Idaho.

Hoku Corporation (NASDAQ: HOKU), a clean energy products and services company, today announced it had entered into a $20 million credit agreement with the New York branch of China Merchants Bank Co., Ltd., the sixth largest commercial bank by assets in China. The proceeds will be used primarily to pay for capital expenses for the polysilicon production plant under construction by Hoku's subsidiary, Hoku Materials, Inc., in Pocatello, Idaho.

Hoku Corporation (NASDAQ: HOKU), a clean energy products and services company, today announced its financial results for the fourth quarter and fiscal year ended March 31, 2010, and provided a general update on its business.

Financial Results

Hoku Materials, Inc., a wholly owned subsidiary of Hoku Corporation (NASDAQ: HOKU), established to manufacture and sell polysilicon for the solar market, today announced it had successfully produced polysilicon at its manufacturing facility in Pocatello, Idaho.

Hoku said it had produced the material after completing a comprehensive system commissioning protocol which culminated in deposition runs in a select number of its installed polysilicon reactors. The Company explained that the primary purpose of the testing was to confirm system integrity and validate operating procedures.

Hoku Materials, Inc., a wholly owned subsidiary of Hoku Corporation (NASDAQ: HOKU), established to manufacture and sell polysilicon for the solar market, today announced the signing of a supply agreement with Evonik Degussa Corporation for the purchase of trichlorosilane (TCS), a key process chemical used in the manufacturing of polysilicon. Hoku plans to use the TCS supplied by Evonik, together with TCS from other potential suppliers, to support the first phase of commercial production at its polysilicon facility in Pocatello, Idaho.

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."

Hoku Materials, Inc., a wholly-owned subsidiary of Hoku Scientific, Inc. (NASDAQ: HOKU), established to manufacture and sell polysilicon for the solar market, today announced that it received the second tranche of $30 million for a total loan amount of $50 million from Tianwei New Energy Holdings Co., Ltd., a leading provider of silicon wafers, photovoltaic (PV) cells, modules and systems. Hoku also confirmed receipt of $4 million in polysilicon prepayments on March 1, 2010, from Solarfun Power Hong Kong Limited, pursuant to its polysilicon sales agreement with Hoku.

Hoku Solar, Inc., a wholly owned subsidiary of Hoku Scientific, Inc. (NASDAQ: HOKU), today announced it has been engaged to design, engineer and install a photovoltaic (PV) power system for Diagnostic Laboratory Services, Inc., a provider of clinical laboratory and related services in Hawaii and other Pacific Islands.