Prudential Locations Selects Hoku Solar to Install PV on Prudential Locations’ Oahu Headquarters
2008-08-04 15:30:00
Prudential Locations Selects Hoku Solar to Install PV on Prudential Locations’ Oahu Headquarters
HONOLULU, HI–(EMWNews – August 4, 2008) – Prudential Locations, LLC, Hawaii’s largest
locally owned and operated real estate company, announced today that it has
selected Hoku Solar, a wholly owned subsidiary of Hoku Scientific, Inc.
(
(PV) power systems, to install a PV power system on Prudential Locations’
Oahu headquarters.
Hoku Solar plans to install an 87-kilowatt PV system at Prudential
Locations’ Kapahulu Avenue office building. The system is expected to
generate more than 136,000 kilowatt hours of clean, solar electricity each
year. The solar power project is part of an ongoing renovation of
Prudential Locations’ flagship office and contributes directly toward the
company’s corporate sustainability initiative.
Once installed, Prudential Locations’ PV system is expected to produce
enough electricity over its lifetime to power the equivalent of three
hundred eighty-two homes for one year. Environmentally, it is expected to
offset nearly 2,160 tons of carbon dioxide emissions — the equivalent of
removing more than 139 cars from Hawaii’s roadways.
“Hoku is pleased to partner with Prudential Locations to complete this
important project,” said Dustin Shindo, chief executive officer of Hoku
Scientific. “Not only does PV make good business sense in Hawaii,
Prudential is showing great community leadership by investing in clean,
renewable energy for their Honolulu offices.”
“Our collaboration with Hoku to invest in new, innovative technology is one
of many sustainability efforts that allow us to do our part to reduce our
environmental footprint,” said Bill Chee, president and CEO of Prudential
Locations. “We view this as a long-term partnership between our companies,
and it is clear that Hoku shares Prudential’s focus on exemplary customer
service.”
About Hoku Scientific, Inc.
Hoku Scientific (
company with three business units: Hoku Materials, Hoku Solar and Hoku Fuel
Cells. Hoku Materials plans to manufacture, market, and sell polysilicon
for the solar market from its plant currently under construction in
Pocatello, Idaho. Hoku Solar is marketing and plans to install turnkey
photovoltaic systems in Hawaii. Hoku Fuel Cells has developed proprietary
fuel cell membranes and membrane electrode assemblies for stationary and
automotive proton exchange membrane fuel cells. For more information visit
About Prudential Locations
Prudential Locations, LLC is a multi-faceted real estate company with a
rich kama’aina tradition in the islands of Hawaii that boasts more than
three decades of extensive local experience and connections to offer its
clients. To benefit customers, the Prudential Locations website,
www.PrudentialLocations.com, shows every home, land, condo and real estate
listing on Oahu, Maui, Big Island, Kauai, Molokai, and Lanai, with detailed
property information to assist its clients. By being a leader in real
estate market research and knowledge and continually training more than 280
real estate agents, Prudential Locations produced more than $1 billion in
sales in 2007. Prudential Locations Hawaii is ranked in the top 4 percent
of all Prudential Real Estate affiliates and recently earned the
distinction of Hawaii’s top brokerage firm for both transactions and sales
volume by the RIS 2008 Power Broker Survey. Prudential Locations was
established in 1969 with offices and affiliates throughout the state, and
is an independently owned and operated member of the Prudential Real Estate
Affiliates, Inc.
Forward-Looking Statements
This press release contains forward-looking statements that involve many
risks and uncertainties. These statements relate to Hoku’s ability to
successfully complete the photovoltaic (PV) installation for Prudential
Locations; the expected performance and durability of Hoku’s PV system;
Hoku’s future financial performance; Hoku’s business strategy and plans;
and objectives of management for future operations. In some cases, you can
identify forward-looking statements by terms such as “anticipate,”
“believe,” “can,” “continue,” “could,” “estimate,” “expect,” “intend,”
“may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would”
and similar expressions intended to identify forward-looking statements.
These statements involve known and unknown risks, uncertainties and other
factors that may cause Hoku’s actual results, performance, time frames or
achievements to be materially different from any future results,
performance, time frames or achievements expressed or implied by the
forward-looking statements. Given these risks, uncertainties and other
factors, you should not place undue reliance on these forward-looking
statements. In evaluating these statements, you should specifically
consider the risks described in Hoku’s filings with the Securities and
Exchange Commission. Except as required by law, Hoku assumes no obligation
to update these forward-looking statements publicly, or to update the
reasons actual results could differ materially from those anticipated in
these forward-looking statements, even if new information becomes available
in the future.
For more information contact:
Hoku Scientific, Inc. Bennet Group PR |
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