KAPOLEI, Hawaii – October 21, 2005 – Hoku Scientific, Inc. (NASDAQ: HOKU), a designer, developer and manufacturer of membrane electrode assemblies (MEAs) and non-fluorinated membranes for proton exchange membrane (PEM) fuel cells, announced today that its executive management team will preside over the opening of the NASDAQ stock market on Monday, October 24, 2005.
Dustin Shindo, chairman of the board, president and chief executive officer of Hoku Scientific, said, "Our opening of the NASDAQ market recognizes our company as one of the best performing initial public offerings of 2005. We are honored by the invitation from NASDAQ, and remain focused on growing our business as a leading NASDAQ listed company."
The opening bell is provided live via satellite feed and is available from 9:20 a.m. to 9:35 a.m. (ET) on uplink IA-5 C-band/transponder 14. The downlink frequency is 3980 horizontal; audio: 6.2/6.8. The feed can also be found on Waterfront fiber 1623. The Market Open can also be accessed via NASDAQ web cam at the following link: http://www.nasdaq.com/reference/marketsite_about.stm under the heading MarketSite Live Web Cam. To obtain a hi-resolution photograph of the Market Open, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on Hoku opening bell.
About Hoku Scientific, Inc.
Founded in 2001, Hoku Scientific (NASDAQ: HOKU) develops and manufactures fuel cell membranes and membrane electrode assemblies (MEA) for stationary and automotive proton exchange membrane (PEM) fuel cells. For more information visit www.hokuscientific.com.
Forward-Looking Statements
This press release contains forward-looking statements that involve many risks and uncertainties. These statements relate to the Company's expectations regarding the potential size and growth of the fuel cell and MEA markets in general and the Company's revenues in particular; the Company's expectations regarding the market acceptance of the Company's products; the Company's future financial performance; the future increase in value in the Company's common stock; the Company's business strategy and plans, including plans for growth; and 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 the Company's 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. Given these risks, uncertainties and other factors, you should not place undue reliance on these forward-looking statements. In evaluating these statements, you should specifically consider the risks described in the company's filings with the Securities and Exchange Commission. Except as required by law, the company assumes 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.
Hoku, Hoku Membrane, Hoku MEA and the Hoku Scientific logo are trademarks of Hoku Scientific, Inc., all rights reserved. All other trademarks and trade names and service marks appearing in this press release are the property of their respective holders.
CONTACTS For Hoku :
In Hawaii:
Hoku Scientific
Tel: 808-682-7800
ir@hokusci.com
In New York:
David Pasquale, EVP
The Ruth Group
Tel: 646-536-7006
dpasquale@theruthgroup.com
