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.
For further information: Investor Relations Contact: Matt Glover, Liolios Group, Inc., email@example.com, 949.574.3860