Friday, April 29, 2005

Hoku Scientific filing to go public

Hawaii-based proton-exchange membrane (PEM) fuel cell vendor Hoku Scientific has filed to raise $57.5M in a Nasdaq IPO, the company reported yesterday. The company lost $728k on $2.9M in sales over the last twelve months.

Major venture-stage backers include Advantage Capital Partners, local angels and the Hawaiian Electric Industries.


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