HOKU SCIENTIFIC

Hoku designs, develops and manufactures membrane electrode assemblies, or MEAs, and non-fluorinated membranes for proton exchange membrane, or PEM, fuel cells. They develop custom monomers and polymers for our Hoku Membranes-the core technology of our Hoku MEAs. MEAs are an integral component of PEM fuel cells. Monomers are the molecular components of polymer-based membranes. Based on our internal tests, we believe our products address the cost, durability, performance and environmental c... hallenges facing users of commercially available MEAs and membranes. Our monomer materials and polymer synthesis process are designed to allow us to control the cost, durability and performance characteristics of our Hoku Membranes. We believe our products will enable PEM fuel cell systems to compete with power sources that rely on existing technologies, such as combustion engines and conventional batteries. Hoku MEAs and Hoku Membranes are designed for the residential primary power and commercial back-up power markets, which we refer to collectively as the stationary market, and for the automotive market. Our goal is to be a leading provider of MEA products for PEM fuel cell applications.