How Hoku is Building its Polysilicon and Solar Business

Dustin M. Shindo, 
Chairman of the Board of Directors, President & Chief Executive Officer of Hoku Scientific, Inc., USA

Dustin Shindo is one of the founders of Hoku Scientific, Inc., and has served as Chairman of the Board of Directors, President and Chief Executive Officer since the company was founded in 2001.

His primary role is to manage the company's growth and strategic direction, while maximizing shareholder value. In August 2005, Mr Shindo led Hoku Scientific to become the first Hawaii company since 1999 to complete an initial public offering on the Nasdaq National Market.

He earned an MBA from the Darden School of Business Administration at the University of Virginia, and earned a BA in Accounting from the University of Washington. 

Hoku Materials, a subsidiary of Hoku Scientific (NASDAQ: HOKU), is planning on constructing a 2,000 MT polysilicon facility in Idaho, USA. While a new comer to the polysilicon industry, Hoku has already made significant progress, including signing a $370 million definitive agreement to provide polysilicon to Sanyo Electric Company and signing an agreement for reactors from GEC/MSA. First delivery is planned for the first half of 2009.

Hoku Materials has taken a very traditional approach to minimize the risk in constructing a polysilicon facility. Hoku is using the Siemens process, selected experienced partners, and is building its plant in Idaho. Idaho offers very reasonable electricity prices, ample land, qualified labor, and developed infrastructure. All of which contribute to a smooth construction and lower cost operation of a polysilicon plant.

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