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Strategic management decisions
Hoku Scientific and Solar-Fabrik Subsidiaries Sign Polysilicon Supply Agreement

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Contracts
20.06.2007
Freiburg, Germany - June 20, 2007 - Global Expertise Wafer Division, 
a subsidiary of Solar-Fabrik AG (SFXG.DE), a vertically integrated 
solar power company, and 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 the signing of a definitive contract for Hoku Materials´ 
sale and delivery of polysilicon to Global Expertise Wafer Division 
over a seven-year period beginning in the second half of calendar 
year 2009. Under the contract, up to approximately $185 million may 
be payable to Hoku Materials during the seven-year period, subject to
the achievement of certain polysilicon production and quality 
milestones, the acceptance of product deliveries and other 
conditions.  The contract provides for the delivery of predetermined 
volumes of polysilicon each year at set prices beginning with the 
first shipment in the second half of 2009 and continuing over a 
seven-year period from the first shipment.  The contract also 
provides for an initial direct deposit of $2 million to Hoku 
Materials upon signing and, subject to Hoku Materials´ successful 
achievement of production and quality milestones and other 
considerations, requires that Global Expertise Wafer Division make 
additional prepayments prior to the first shipment in the amount of 
$51 million.
"We are pleased to have signed this agreement with Global Expertise 
Wafer Division, and look forward to supporting the long-term growth 
and success of the Solar-Fabrik family of companies," said Dustin 
Shindo, Chief Executive Officer of Hoku Scientific.  "Solar-Fabrik´s 
integration strategy and business model make them an ideal partner 
for Hoku Materials."
"Securing this supply of polysilicon from Hoku Materials through 2016
will enable us to execute on our global expansion strategy," said 
Christoph Paradeis, Chief Executive Officer of Solar-Fabrik.  "Hoku 
Materials´ consistent progress over the past several months gives us 
confidence that they can execute on their polysilicon plan, and we 
look forward to building an enduring relationship with them."
Under the agreement, Global Expertise Wafer Division´s prepayment 
obligation is to be backed by one or more letters of credit, and is 
to be paid to Hoku Materials in installments, subject to Hoku 
Materials´ successful achievement of certain polysilicon production 
and quality milestones and other conditions prior to the first 
shipment in 2009.  If Hoku Materials is ultimately not successful in 
building its planned polysilicon plant, or if Hoku Materials does not
meet certain production and quality milestones or timely deliver 
minimum quantities of polysilicon, the agreement provides that the 
initial direct deposit will be returned to Global Expertise Wafer 
Division, the letters of credit may be cancelled and the agreement 
may be terminated by Global Expertise Wafer Division.
Increasing Plant Capacity
In 2006, Hoku Materials announced its plan to build a plant capable 
of producing 1,500 metric tons of polysilicon per year.  Later in 
2006, Hoku Materials announced that it had increased the plant design
to be capable of producing 2,000 metric tons of polysilicon per year.
Today, Hoku Materials announced that it plans to add up to 1,000 
metric tons of additional capacity to produce up to 3,000 metric tons
of polysilicon per year.  This additional capacity is planned to come
online six to twelve months after the first 2,000 metric tons of 
annual capacity are online at the Company´s Pocatello, Idaho plant, 
currently under construction.
About Solar-Fabrik AG Global Expertise Wafer Division is a silicon 
wafer procurement house based in Kuala Lumpur (Malaysia) and is 
wholly owned by Solar-Fabrik AG. Global Expertise Wafer Division buys
recyclable wafers from the semiconductor industry, opening up a new 
source of raw material previously unavailable to the solar power 
sector.  Solar-Fabrik has grown in only a decade from a solar panel 
maker to an internationally focused, stock market-listed, fully 
integrated solar power group. Solar-Fabrik and its subsidiaries and 
associates span the entire solar power value chain: wafer 
procurement, wafer recovery, solar cell manufacture, solar module 
production and system solutions. Solar-Fabrik AG is headquartered in 
Freiburg, Germany, where the company´s two factories turn solar cells
into top-quality solar modules. Solar-Fabrik customers include solar 
energy specialists and general importers throughout Europe. Module 
production is ISO-certified and runs entirely on renewable energy, in
what is Europe´s first CO2-neutral zero emissions manufacturing 
facility for solar modules. Solar-Fabrik also provides customers with
system solutions based on carefully matched high-quality components. 
Based in Chennai (India), Poseidon Solar-Services specializes in 
recovering recyclable wafers. Solar-Fabrik uses wafers recovered by 
Poseidon to manufacture high-quality solar cells. Singapore-based 
solar cell manufacturer SEP turns raw wafers recovered by Poseidon 
into high-quality solar cells. Solar-Fabrik AG holds a one-third 
stake in SEP.  For more information about Solar-Fabrik Group, please 
visit www.solar-fabrik.de.
About Hoku Scientific, Inc. Hoku Scientific (NASDAQ: HOKU) is a clean
energy technologies company that historically developed and 
manufactured fuel cell membranes and membrane electrode assemblies 
for stationary and automotive proton exchange membrane fuel cells. 
The Company is currently focusing its business on the manufacturing 
of polysilicon and the installation of solar modules for the solar 
market.  For more information about Hoku, please visit 
www.hokuscientific.com.
Forward-Looking Statements This press release contains 
forward-looking statements that involve many risks and uncertainties.
These statements relate to Hoku Materials´ ability to successfully 
derive revenues from the sale of polysilicon to Global Expertise 
Wafer Division; its ability to successfully raise sufficient funds to
establish polysilicon manufacturing plant and conduct its proposed 
businesses; its ability to engineer and construct a fully operational
production plant for polysilicon; Hoku Materials´ relationships with 
Global Expertise Wafer Division; its ability to manufacture high 
quality polysilicon; its ability to meet the delivery schedule in its
agreement with Global Expertise Wafer Division; its ability to 
license any necessary intellectual property rights to enter the 
polysilicon business; Hoku Materials´ costs to manufacture 
polysilicon, and its ability to offer pricing that is competitive 
with competing products; Hoku Scientific´s and Solar-Fabrik´s 
respective future financial performance; Hoku Scientific´s and 
Solar-Fabrik´s respective business strategies and plans; and 
objectives of each company´s 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 
Hoku´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 Hoku´s filings with the Securities and Exchange 
Commission.  Except as required by law, Hoku 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 Solar, Hoku Materials and the Hoku Scientific logo are 
trademarks of Hoku Scientific, Inc., all rights reserved.
end of announcement                               euro adhoc 20.06.2007 22:01:00

Further inquiry note:

Martin Schlenk
Tel. +49(0)761 4000 207
E-Mail: m.schlenk@solar-fabrik.de

Branche: Alternative energy
ISIN: DE0006614712
WKN: 661471
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse München / free trade

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