Hoku Materials, Inc., a wholly-owned subsidiary of Hoku Scientific, Inc. (HOKU), a diversified alternative energy technology company in China, announced this afternoon the signing of a $284 million polysilicon supply agreement with a subsidiary of Tianwei New Energy Holdings Co., Ltd. that manufactures photovoltaic cells and silicon wafers.

Hoku Scientific, Inc. (HOKU), a diversified alternative energy technology company in China, announced this morning the signing of a significant contract for the supply of polysilicon to Jiangxi Kinko Energy, a Chinese manufacturer of solar wafers and ingots.

Hoku Scientific is up 10% on the news that they were able to amend 2 Polysilicon Contracts in an effort to keep customers while securing financing for a planned polysilicon plant.

Sanyo Electric Co. amended their polysilicon supply agreement to provide Hoku with six additional weeks to secure financing for its plant. The initial deadline was Dec. 31, but is now Feb. 15.