RICHMOND, BC, May 29, 2017 /CNW/ - Photon Control
Inc. (the "Company") (TSX V: PHO), a leading developer of
optical measurement technologies, announces that Gerald Adams, Chief Financial Officer has
provided the Company with written notice of his intention to leave
the Company on August 31, 2017.
The Company has commenced a search for Mr Adams' replacement and
expects the role to be filled prior to his departure.
Said Scott Edmonds, Chief
Executive Officer, "I would like to thank Gerald for his service to
Photon Control and our shareholders. In the short time I have
worked with Gerald I have come to admire his dedication and
professionalism as exemplified by his willingness to assist with
the transition to his successor."
In addition, the Company is announcing that it has made a grant
of stock options in the ordinary course to certain officers and
directors, under its Stock Option Plan to purchase an aggregate of
1,325,000 common shares of the Company. The exercise price of
the options granted will be set at the closing price per share on
the 2nd trading day following the release of the
Company's Q1 2017 financial statements. The stock options are
subject to the terms of the Company's Stock Option Plan and any
necessary regulatory approvals.
About Photon Control Inc.
Photon Control
Inc. designs, manufactures and distributes a wide range of
optical sensors and instruments to measure temperature, position,
and flow. These products are used by Original Equipment
Manufacturers (OEM) as well as end-users in
the Semiconductor, Energy and Manufacturing industries.
Photon Control's products provide high levels of accuracy and
reliability in extreme conditions and are supported by a team of
experts that offer on-site installation, training, and support.
Photon Control Inc. also provides engineering services for
customized optical measurement systems. Headquartered in an ISO
9001:2008 manufacturing facility in Richmond, BC, Photon Control Inc. is listed on
the TSX Venture Exchange, trading under the symbol ''PHO."
Additional information about the company can be found
at www.photon-control.com/investorrelations.html.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Photon Control Inc.