Hoku, Alex New Energy Amend Silicon Supply Contract

Hoku Materials Inc., a wholly owned subsidiary of Hoku Scientific Inc., and Shanghai Alex New Energy Co. Ltd., a manufacturer of crystalline silicon solar cells, modules and photovoltaic products, have amended a polysilicon supply agreement in effect between the two companies.

According to the terms of the amendment, both companies have agreed to delay the first shipment of polysilicon by Hoku to Alex from the first quarter to the third quarter of calendar year 2010. The other commercial terms of the supply agreement – including pricing, contract duration, and shipment volumes – remain unchanged.

SOURCE: Hoku Materials Inc.

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