2017 TSX Venture 50 – Photon Control Inc. from Photon Control Inc..

Burnaby, BC, February 24, 2017 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX-V: PHO), a leading developer of optical measurement technologies, was recognized as a TSX Venture 50TMcompany in 2017 for the third consecutive year.

TSX Venture Exchange, in each of five major industry sectors. Recipients are ranked based with equal weighting given to return on investment, market cap growth, trading volume, and analyst coverage. All data was as of December 31, 2016.

“We are very proud to have achieved top-ten TSX Venture Exchange technology company status,” said Michael Goldstein, Director and Acting CEO of Photon Control. “2016 was a year with significant challenges, management changes, and operational risks. We did everything we said we would do. This recognition not only validates our team’s hard work and continued progress, but also serves as a reminder for us to remain laser focused on our goal of growing our business while delivering continued long-term value for all of our shareholders.”

Photon Control was recognized as a TSX Venture 50TM company in 2017. TSX Venture 50 is a trademark of TSX Inc. and is used under license.

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.

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