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Press Releases

Photon Control Completes Acquisition by MKS Instruments

July 15, 2021

Vancouver, BC, July 15, 2021 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX: PHO), a leading developer and supplier of optical measurement technologies and systems, is pleased to announce that it has completed its previously announced plan of arrangement (the “Arrangement”) with MKS Instruments, Inc. (“MKS”). Under the Arrangement, MKS, through its wholly-owned subsidiary 1302998 B.C. Ltd. (“B.C. Ltd.”), has acquired all of the issued and

Photon Control Obtains Final Order for Plan of Arrangement

July 5, 2021

Vancouver, BC, July 5, 2021 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX: PHO), a leading developer and supplier of optical measurement technologies and systems, is pleased to announce that it has obtained a final order from the Supreme Court of British Columbia approving the previously announced plan of arrangement (the “Arrangement”) with MKS Instruments, Inc. (“MKS”), pursuant to which MKS, through its wholly-owned subsidiary 1302998

Photon Control Securityholders Approve Acquisition by MKS Instruments

June 29, 2021

Vancouver, BC, June 29, 2021 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX: PHO), a leading developer and supplier of optical measurement technologies and systems, is pleased to announce that its Securityholders (as defined below) approved the acquisition of Photon Control by MKS Instruments, Inc. (the “Transaction”) by way of plan of arrangement (the “Arrangement”) at the annual general meeting of Photon Control shareholders (the “Shareholders”)

Photon Control Announces the Mailing of its Management Information Circular in Connection with its Annual and Special Meeting to Approve Acquisition by MKS Instruments

June 1, 2021

Vancouver, BC, June 1, 2021 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX: PHO), a leading developer and supplier of optical measurement technologies and systems, is pleased to announce it has mailed and filed a management information circular and related meeting materials (the “Meeting Materials”) for its annual general meeting of shareholders and special meeting (the “Meeting”) of Securityholders (as defined below) to be held June

Photon Control Agrees to be Acquired by MKS Instruments and Reports First Quarter 2021 Financial Results

May 10, 2021

 — All Cash Transaction Values the Company at approximately $387 million — Vancouver, BC, May 10, 2021 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX: PHO), a leading manufacturer of fiber optic measurement solutions, announced today that it has entered into an arrangement agreement (the “Arrangement Agreement”) with MKS Instruments, Inc. (“MKS”) (NASDAQ: MKSI), a global provider of instruments, systems, subsystems and process control solutions based in

Photon Control Announces Earnings Call for First Quarter 2021

April 28, 2021

Vancouver, BC, April 28, 2021 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX: PHO), a leading manufacturer of fiber optic measurement solutions, will release its 2021 first quarter financial results on Tuesday, May 11, 2021 at 7:00 am Eastern Time. Nigel Hunton, Chief Executive Officer, and Damian Towns, Chief Financial Officer, will host an earnings conference call on the same day (Tuesday, May 11, 2021) at 11:00

Micronor Lends Fiber Optic Expertise to the ITER- World’s Largest Fusion Experiment

March 29, 2021

Vancouver, BC, March 29, 2021 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX: PHO), a leading manufacturer of fiber optic measurement solutions, is pleased to announce its recent acquired business, Micronor LLC (“Micronor”), was recognized for its critical contribution to the International Thermonuclear Experimental Reactor (“ITER”), one of the most ambitious energy projects in the world today. The project aims to demonstrate magnetic fusion as a

Photon Control Reports Fourth Quarter and Annual 2020 Financial Results With Record Annual Revenue and Net Income

March 18, 2021

Vancouver, BC, March 18, 2021 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX: PHO), a leading manufacturer of fiber optic measurement solutions to the semiconductor industry, is pleased to announce its financial results (in Canadian dollars) for the three months and full year ended December 31, 2020. Highlights for the fourth quarter and year ended December 31, 2020 were as follows: Record annual revenue of $64.7

Photon Control to Participate in 33rd Annual Roth Investor Conference

March 11, 2021

Vancouver, BC, March 11, 2021 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX: PHO), a leading manufacturer of fiber optic measurement solutions, is pleased to announce that the Company is scheduled to participate in the 33rd Annual Roth Investor Conference being held virtually from March 15th to March 17th, 2021. Nigel Hunton, Chief Executive Officer and Damian Towns, Chief Financial Officer, will be conducting one-on-one meetings with

Photon Control Announces Earnings Call for Fourth Quarter and Full Year 2020

February 24, 2021

Vancouver, BC, February 24, 2021 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX: PHO), a leading manufacturer of fiber optic measurement solutions, will release its 2020 fourth quarter and full year financial results on Thursday, March 18, 2021 at 7:00 am Eastern Time. Nigel Hunton, Chief Executive Officer, and Damian Towns, Chief Financial Officer, will host an earnings conference call on the same day (Thursday, March 18,

Photon Control Reports Third Quarter 2020 Financial Results; Record Year-to-Date Revenue and Net Income

November 5, 2020

Vancouver, BC, November 5, 2020 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX: PHO), a leading manufacturer of fiber optic measurement solutions to the semiconductor industry, is pleased to announce its financial results for the three and nine months ended September 30, 2020. Highlights for the third quarter 2020 were as follows: Revenue of $16.3 million (Q319: $8.7m) and record year-to-date revenue of $49.7 million (2019:

Photon Control Announces Earnings Call for Third Quarter 2020

October 15, 2020

Photon Control Inc., a leading manufacturer of fiber optic measurement solutions, will release its 2020 third quarter financial results on Thursday, November 5, 2020 at 7:00 am Eastern Time.

Photon Control Strengthens its Position in Korea with the Addition of a Leading Distributor

September 16, 2020

Vancouver, BC, September 16, 2020 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX: PHO), a leading manufacturer of fiber optic measurement solutions, is pleased to announce it has entered into a distribution agreement with a leading Korean distributor, Woowon Technology Co., Ltd (“Woowon”). This agreement provides Photon Control with a proven partner in Korea, the second largest semiconductor market in the world accounting for over 20%

Photon Control Reports Second Quarter 2020 Financial Results

August 6, 2020

Vancouver, BC, August 6, 2020 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX: PHO), a leading manufacturer of fiber optic measurement solutions to the semiconductor industry, is pleased to announce its financial results for the three and six months ended June 30, 2020. Q2 2020 Highlights: Revenue of $16.1 million versus $7.1 million in Q219 Earnings before finance income, accretion expense, income taxes, depreciation, amortization and

Photon Control Announces Earnings Call for Second Quarter 2020

July 22, 2020

Vancouver, BC, July 22, 2020 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX: PHO), a leading manufacturer of fiber optic measurement solutions, will release its 2020 second quarter financial results on Thursday, August 6, 2020 at 7:00 am Eastern Time. Nigel Hunton, Chief Executive Officer, and Damian Towns, Chief Financial Officer, will host an earnings conference call on the same day (Thursday, August 6, 2020) at 11:00

Photon Control secures exclusive worldwide license for FiSens FBG sensor solutions for the semiconductor industry

July 20, 2020

Vancouver, BC, July 20, 2020 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX: PHO), a leading manufacturer of fiber optic measurement solutions, is pleased to announce its strategic partnership with Fisens GmbH (“FiSens”) via an exclusive worldwide license and distribution agreement for Fiber Bragg Grating (FBG) sensor solutions in the semiconductor industry and a non-exclusive distribution license outside the semiconductor industry. This agreement gives Photon Control

Photon Control Announces Results of Annual Shareholders’ Meeting

June 16, 2020

Photon Control Announces Results of Annual Shareholders’ Meeting Vancouver, BC, June 16, 2020 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX: PHO), a leading developer and supplier of optical measurement technologies and systems, is pleased to announce the results from its annual general meeting of shareholders (the “Shareholders”) held on June 16, 2020 (the “AGM”).  On a vote of the Shareholders by ballot, each of the

Photon Control Updates Micronor Asset Acquisition

May 20, 2020

Photon Control Updates Micronor Asset Acquisition Builds on strategy to broaden and diversify Photon Control into multiple sectors and customers. Expands addressable market through the addition of new products.  Vancouver, BC, May 20, 2020 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX: PHO), a leading developer and supplier of optical measurement technologies and systems, is pleased to provide an update on the acquisition of Micronor Inc’s.

Photon Control Announces Appointment of New CFO

May 12, 2020

Photon Control Announces Appointment of New CFO Vancouver, BC, May 12, 2020 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX: PHO), a leading developer and supplier of optical measurement technologies and systems, is pleased to announce the appointment of Damian Towns as its Chief Financial Officer (“CFO”) and Corporate Secretary, effective May 13, 2020.  He will be based out of Photon Control’s global headquarters in Richmond,

Photon Control Reports First Quarter 2020 Financial Results

May 6, 2020

Vancouver, BC, May 6, 2020 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX: PHO), a leading developer and supplier of optical measurement technologies and systems, has reported its financial results for the three months ended March 31, 2020. First Quarter Highlights: Record financial results: Revenue of $17.3 million for Q1 2020 versus $8.9 million for Q4 2019; Earnings before finance income, accretion expense, income taxes, depreciation,

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