Posted at 11:47 a.m., Tuesday, October 9, 2007
Hoku Scientific shares climb on news of agreement
Advertiser Staff
Shares of Hoku Scientific Inc. climbed 10 percent after the Kapolei-based company announced a subsidiary signed an agreement for engineering and design services for part of its polysilicon production plant in Pocatello, Idaho.Shares rose 91 cents to $9.96 cents on news of the accord with Dynamic Engineering Inc., a process technology and engineering firm. The agreement calls for the company to provide the services and a technology license for a trichlorosilane production plant that Hoku is building in Idaho.
Trichlorosilane is the primary material used to produce polysilicon, a material used in computer chips and solar panels.
Hoku also announced it will release financial results for its fiscal second quarter on Oct. 23.
