Hoku and Solargiga Sign $455 Million Polysilicon Supply Contract

Tag : monocrystalline solar cell
This press release contains forward-looking statements that involvemany risks and uncertainties. These statements relate to HokuMaterials's ability to successfully derive revenues from the saleof polysilicon to Wealthy Rise International, Ltd. and SolargigaEnergy Holdings, Ltd., Tianwei New Energy, Kinko Energy, Solarfun,and Suntech; the timing of Hoku Materials's receipt of futureprepayments in the aggregate amount of $68 million from Solargiga;its ability to successfully raise sufficient funds to establish apolysilicon manufacturing plant; its ability to engineer andconstruct a production plant for polysilicon; its ability tomanufacture polysilicon; its ability to meet the delivery schedulein its agreement with Solargiga; the quality of polysilicon to bemanufactured; Hoku Materials's costs to manufacture polysilicon,and its ability to offer pricing that is competitive with competingproducts; Solargiga's plans to expand its silicon ingot and waferbusinesses; Hoku Scientific and Solargiga's future financialperformance; their respective business strategies and plans; andobjectives of each company's management for future operations. Insome cases, you can identify forward-looking statements by termssuch as "anticipate," "believe," "can," "continue," "could,""estimate," "expect," "intend," "may," "plan," "potential,""predict," "project," "should," "will," "would" and similarexpressions intended to identify forward-looking statements. Thesestatements involve known and unknown risks, uncertainties and otherfactors that may cause Hoku Scientific and/or Solargiga's actualresults, performance, time frames or achievements to be materiallydifferent from any future results, performance, time frames orachievements expressed or implied by the forward-lookingstatements. Given these risks, uncertainties and other factors, youshould not place undue reliance on these forward-lookingstatements. In evaluating these statements, you should specificallyconsider the risks described in Hoku Scientific's filings with theSecurities and Exchange Commission, and Solargiga's filings withthe Hong Kong Stock Exchange, as applicable. Except as required bylaw, neither Hoku Scientific nor Solargiga assumes an obligation toupdate these forward-looking statements publicly, or to update thereasons actual results could differ materially from thoseanticipated in these forward-looking statements, even if newinformation becomes available in the future.