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Photon Control Recognized by PROFIT 500 for Third Consecutive Year Recaps Four Steller Awards and Thanks Employees

Burnaby, BC, February 23, 2017 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX-V: PHO), a leading developer of optical measurement technologies, is proud to announce its fourth consecutive performance recognition.

PROFIT 500: Canadian Business and PROFIT ranked Photon Control Inc. part of its annual PROFIT 500, the definitive ranking of Canada’s Fastest-Growing Companies. Published in the October issue of Canadian Business and at PROFITguide.com, the PROFIT 500 ranks Canadian businesses by their five-year revenue growth. Photon Control made the 2016 PROFIT 500 for the third consecutive year with five-year revenue growth of 106%.

TOP 100 FASTEST GROWING COMPANIES IN B.C.: Business in Vancouver ranked Photon Control in the “Top 100 Fastest-Growing Companies in B.C.” and “Top 100 Public Companies in B.C.” This is the sixth consecutive year that Photon Control achieved the Top 100, achieving the 38th spot, as well as achieving B.C.’s Top 100 Public Companies ranking.

About Photon Control Inc.

Photon Control Inc. designs, manufactures and distributes 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". For additional information about the company, please visit www.photon-control.com/investorrelations.html

Investor Relations Contact:
Matt Glover or Najim Mostamand
Liolios Group, Inc.
949.574.3860
PHO@liolios.com

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.

News Release 4-17