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The Honolulu Advertiser

Posted on: Tuesday, March 19, 2002

Hoku Scientific gets mentor aid

Business mentor group HiBeam has accepted Manoa startup Hoku Scientific as a client. Hoku, a developer of hydrogen fuel cell technology, becomes the fifth company to receive HiBeam services, which include polishing business plans and raising money.

HiBeam has helped its four previous clients — HotU, Hawaii Biotech, Hoana Technologies and AssistGuide —raise more than $8 million in venture investments. The Honolulu nonprofit group includes venture capitalists, lawyers, accountants and other professionals who pay a fee to join.

Hoku Scientific was founded by president and CEO Dustin Shindo, a Hilo native and founder of island brewery Mehana Brewing Co. and online travel software developer Activitymax Inc.

Other Hoku officers include chief technical officer Kaleo Taft, also from Hilo, and mainland-born Michael Gardner, chief operating officer and former ActivityMax official.