Hoku Scientific, Inc. (NASDAQ:HOKU) has announced that its Hoku Materials subsidiary entered into an Engineering Services & Technology Transfer Agreement for Dynamic Engineering to provide design and engineering services, and a technology license, for Hoku Materials to build a trichlorosilane production and purification unit at its planned polysilicon production plant in Pocatello, Idaho.
The agreement announced today provides for Dynamic to provide the basic engineering package and related services for the TCS production component of Hoku’s planned polysilicon plant, which will be integrated by Stone & Webster Inc., a subsidiary of The Shaw Group Inc. (NYSE:SGR), and Hoku’s engineering, procurement and construction management firm, into the overall polysilicon production facility, and will be constructed by JH Kelly, Hoku’s general construction contractor.
Shares are up over 15% in early pre-market trading at $10.60 on the headlines despite no terms being disclosed. The 52-week trading range is $2.52 to $14.55. Other items of interest in HOKU:
- We gave a ‘both sides of the coin’ read on Hoku;
- Showed how painful the market malaise was for cult stocks;
Jon Ogg
October 9, 2007
Jon Ogg produces the "Special Situation Investing Newsletter" and he does not own securities in the companies he covers.
Find a Qualified Financial Advisor (Sponsor)
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
