BURNABY, BC, Sept. 12, 2011 /CNW/ - Photon Control Inc. (the "Company")
(TSX-V: PHO), a leading developer of optical sensors and measurement instruments,
announces that it has filed a Notice of Appeal from the decision of the
Supreme Court of British Columbia relating to the action between the
Company and John Kidder, who was formerly the President of the
Company. The results of the decision were previously announced by the
Company by news release on August 2, 2011 and the appeal is from the
Court's decision on both rescission of the loan agreement and the
dismissal of Mr. Kidder from the Company.
Forward-Looking Statements: This news release contains forward looking
statements, including statements regarding the business and anticipated
financial performance of the Company and possible outcomes of
litigation, which involve risks and uncertainties. These risks and
uncertainties may cause the Company's actual results to differ
materially from those contemplated by the forward-looking
statements. Factors that might cause or contribute to such differences
include, among others, the risks of continued litigation and attendant
costs, competitive pressures, competing technologies and the market
acceptance of the Company's photonic-based products as a replacement to
existing technologies and products. Readers are encouraged to consider
the other risks and uncertainties discussed in and additional
information contained in the Company's required financial statements
and filings filed on SEDAR at www.sedar.com.
About Photon Control Inc. www.photon-control.com
Photon Control Inc. designs and manufactures a wide range of optical
sensors & instruments to measure temperature, pressure, position, and
flow. These products are used by original equipment manufacturers (OEM)
as well as end-users in the Semiconductor, Oil and Gas, Power, Life
Science, and Manufacturing industries. Photon Control's products
provide high accuracy and reliability in extreme conditions and are
supported by a team of experts that offer onsite 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 Burnaby, 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.
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.
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