Hoku Scientific (NASDAQ: HOKU) is a clean energy technologies company that develops and manufactures fuel cell membranes and membrane electrode assemblies (MEA) through its Hoku Fuel Cells business unit for stationary (including residential and back-up power applications) and automotive proton exchange membrane (PEM) fuel cells. Hoku Scientific is currently planning to expand its business to manufacture solar modules and polysilicon through its Hoku Solar and Hoku Materials divisions, respectively.
This website contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on the beliefs and assumptions of Hoku Scientific’s management, and on information currently available to management. Forward-looking statements include all statements other than statements of historical fact contained on this website, including, but not limited to, statements concerning:
(i) our expectations regarding the potential size and growth of the fuel cell, membrane and membrane electrode assembly, photovoltaic module and polysilicon markets in general and our revenues in particular;
(ii) our intention to form an integrated photovoltaic module business to complement our fuel cell business;
(iii) our plans to install a production plant for photovoltaic modules and polysilicon;
(iv) our ability to manufacture photovoltaic modules and polysilicon;
(v) our expectations regarding the performance and durability of our photovoltaic modules and the quality and quantity of polysilicon that we plan to manufacture;
(vi) our estimated costs to manufacture photovoltaic modules and polysilicon and our ability to offer pricing that is competitive with competing products;
(vii) our expectations regarding the market acceptance of our products;
(viii) our expectations with respect to our intellectual property position including our ability to license any necessary intellectual property rights to enter the photovoltaic module and polysilicon businesses;
(ix) our expectations with respect to our manufacturing capabilities;
(x) our ability to obtain funding for and to commence construction of a planned manufacturing facility for our photovoltaic module and polysilicon businesses;
(xi) our estimates regarding our capital requirements and our need for additional financing;
(xii) future events;
(xiii)our future performance with respect to our contracts and/or relationships with the U.S. Navy, Nissan Motor Co., Ltd., and Sanyo Electric Company, Ltd.; and the other companies currently evaluating our products;
(xiv) our future financial performance;
(xv) our business strategy and plans; and
(xv) 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 our 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. Also, these forward-looking statements represent our estimates and assumptions only as of the date hereof. We hereby qualify all of our forward-looking statements by these cautionary statements. Please refer to our filings with Securities and Exchange Commission, including our Annual Report on Form 10-K for additional information regarding the risks and uncertainties of our business. Except as required by law, we assume no 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.
