Photon Control Files Notice of Appeal in Litigation Proceedings Involving Former President

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.

For further information:

Company Contact:   Helena Rebec, Chief Administrative Officer
  604.422.8861 x 101
  hrebec@photon-control.com

 


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