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April 18, 2015 1:22 AM ET

Electrical Equipment

Company Overview of Hoku Corporation

Company Overview

Hoku Corporation operates as a solar energy products and services company primarily in the United States. It focuses on manufacturing polysilicon, a primary material used in the manufacture of photovoltaic (PV) modules; and designing, engineering, and installing turnkey PV systems and related services in Hawaii using solar modules purchased from third-party suppliers. The company was formerly known as Hoku Scientific, Inc. and changed its name to Hoku Corporation in March 2010. Hoku Corporation was incorporated in 2001 and is headquartered in Honolulu, Hawaii. On July 2, 2013, Hoku Corporation along with its affiliates filed a voluntary petition for liquidation under Chapter 7 in the U.S. Ba...

1288 Ala Moana Boulevard

Suite 220

Honolulu, HI 96814

United States

Founded in 2001

129 Employees

Phone:

808-682-7800

Fax:

808-440-0357

Key Executives for Hoku Corporation

Hoku Corporation does not have any Key Executives recorded.

Hoku Corporation Key Developments

JH Kelly To Take Over Hoku's Failed Polysilicon Plant In Idaho

JH Kelly, LLC placed the highest bid $8.3 million for the failed $700 million Hoku Corporation (OTCPK:HOKU.Q) polysilicon processing plant in Idaho, following a U.S. bankruptcy hearing held on December 17, 2013. “While we are satisfied with the auction results, the bankruptcy process itself has done little to cure the countless broken promises made by Tianwei officials to stakeholders, contractors and suppliers throughout Idaho. We will continue (to) pursue resolution of those matters in other venues,” said Mason Evans, President of JH Kelly, said.

JH Kelly Offers High Bid For Pocatello Property From Hoku

JH Kelly, LLC submitted a high bid of nearly $5.3 million to acquire the Pocatello property from Hoku Corporation (OTCPK:HOKU.Q). The Idaho State Journal reports that a federal trustee for the Hoku bankruptcy case recommended that the federal court accept the bid with a decision expected by November 11, 2013.

JCF Funding Interested In Acquisition Of Hoku Plant

JCF Funding, LLC has made a verbal offer to purchase the Hoku plant in Pocatello from Hoku Corporation (OTCPK:HOKU.Q). JCF Funding said that it has made a verbal offer for the plant to Gary Rainsdon who is handling Hoku's bankruptcy filing. The trustee is expected to make a decision on JCF's offer before the end of August 2013. JCF is not disclosing what it is offering for the plant but officials with the firm would say the offer is in excess of the $25 million which could be made off materials from the plant if it were to be scrapped. JCF said it will open an office in Pocatello in the next two weeks as it works to buy the plant.

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