Photon Control Announces Appointment of New Chief Financial Officer

RICHMOND, BC, July 17, 2017 /CNW/ - Photon Control Inc. ("Photon Control" or the "Company") (TSX-V: PHO), a leading developer of optical measurement technologies, announced today that it has promoted Daniel Lee, VP Finance to the role of Chief Financial Officer effective July 15, 2017.

"Daniel, who has served as our VP Finance since April 2017, is an accomplished executive who has a depth of public company reporting, management control and business analysis experience, as well as having participated in a number of M&A transactions in the past." said Photon Control's CEO Scott Edmonds. "Daniel has significantly improved the financial management and reporting of the Company in a very short time and this, combined with his relevant prior experience, impressed the Board and I, and led to our conclusion that he is well qualified to take on the larger role of Chief Financial Officer."

"I look forward to working more closely with Scott, the Board of Directors and the rest of the management team here at Photon Control as we improve our business processes and the quality and timeliness of our reporting and governance, all in support of our drive to improve results for our shareholders." said Mr. Lee.

Mr. Lee holds a Bachelor's degree in Business Administration from SFU and was formerly the Director of Finance at BSM Technologies prior to which he held finance roles with Webtech Wireless and The Internet Market Center after qualifying as a CPA, CA with D&H Group LLP in Vancouver.

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.

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