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HONOLULU, Aug. 5 /PRNewswire-FirstCall/ — Hoku Scientific, Inc. today announced the initial public offering of 3,500,000 shares of its common stock at an initial public offering price of $6.00 per share. All the shares will be sold by Hoku Scientific. Shares of Hoku Scientific common stock will be traded on the Nasdaq National Market under the trading symbol “HOKU.” Hoku Scientific has granted the underwriters a 30-day option to purchase up to 525,000 additional shares of common stock at the initial public offering price, less the underwriting discount, to cover over-allotments, if any. Piper Jaffray & Co. is acting as book-running manager for the offering, and together with SG Cowen & Co., LLC and Thomas Weisel Partners LLC, are acting as representatives of the underwriters.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050621/LATU057LOGO )

A copy of the final prospectus relating to the offering may be obtained from the prospectus department of Piper Jaffray & Co. (800 Nicollet Mall, Suite 800, Minneapolis, MN 55402, (612) 303-6000), SG Cowen & Co., LLC (c/o ADP Financial Services, Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717 or by fax at (631) 254-7268) or Thomas Weisel Partners LLC (One Montgomery Street, Suite 3700, San Francisco, CA 94104, (415) 364-2500).

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction where such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About Hoku Scientific, Inc.

Hoku Scientific, Inc. designs, develops and manufactures membrane electrode assemblies (MEAs) and non-fluorinated membranes for proton exchange membrane (PEM) fuel cells.


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