Hoku Materials Inc., a wholly-owned subsidiary of Hoku Scientific Inc., has signed a new polysilicon reactor supply contract with GEC Graeber Engineering Consultants GmbH to give Hoku Materials the option to purchase additional polysilicon reactors for the production of up to 8,000 metric tons of polysilicon per year.
Hoku Materials and Graeber are parties to an existing supply contract whereby Hoku has ordered reactors to produce 2,000 metric tons of polysilicon per year, with an option to purchase reactors for an additional 500 metric tons of polysilicon per year. Under this new agreement, Hoku has an option, without obligation, to order reactors at any time over a 12-month period at predetermined pricing and delivery terms.
