Press Releases

Richmond, BC, April 27, 2017 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX‐V: PHO), a leading developer of optical measurement technologies, has reported financial results for the fourth quarter and fiscal year ended December 31, 2016. Fourth Quarter 2016 and 2015 Financial Results Comparison Revenue increased 55% to $9.0 million Gross profit increased 48% to $4.3 million Net earnings before taxes increased 15% to $2.4 million Full

Richmond, BC, April 20, 2017 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX-V: PHO), a leading developer of optical measurement technologies, will release its fourth quarter and full year 2016 financial results on Thursday, April 27 at 5:30 a.m. Eastern time. The Company will hold a conference call the same day (Thursday, April 27) at 11:00 a.m. Eastern time hosted by Neil McDonnell, Board Chair, Scott Edmonds,

Richmond, BC, April 17, 2017 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX-V: PHO), a leading developer of optical measurement technologies, is pleased to announce that it has closed the transaction with Photon Control R&D Ltd. (“R&D”) on the terms set out in its news release of April 10, 2017. As a result of the closing: Photon Control has acquired full ownership of all intellectual property, products,

Photon Control acquires all ownership of products, names, trademarks and intellectual property Transfer of research, product development and customer service employees to Photon Control Settlement removes uncertainty for Photon Control customers Transaction to close April 14, 2017 Burnaby, BC, April 10, 2017 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX-V: PHO), a leading developer of optical measurement technologies primarily used in the semiconductor equipment industry, has executed

Burnaby, BC, March 31, 2017 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX-V: PHO), a leading developer of optical measurement technologies primarily used in the semiconductor equipment industry; announced today, that it has made the following appointments to its Board of Directors and Management Team: Chuck Cargile, Director Scott Edmonds, President and CEO, and Director Paul Hellebrekers, Chief Operating Officer Yuri Sikorski, VP Solutions Engineering “Adding Chuck

Burnaby, BC, March 31, 2017 – Photon Control Inc. . (“Photon Control” or the “Company”) (TSX‐V: PHO), a leading developer of optical measurement technologies, today announced certain changes to its Board of Directors (the “Board”) and management team. Messrs. Robert B. Breault and Joseph Litner have each resigned from the Board of Photon Control, effective March 30, 2017. Mr. Michael W. Goldstein has resigned from the Board of Photon

Proposed settlement would remove significant uncertainty and distraction for Photon Control and its customers. Photon Control would acquire undisputed ownership of intellectual property and internalize R&D activities. Settlement would more than halve existing royalty rates and term of the disputed agreements. Burnaby, BC, March 20, 2017 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX-V: PHO), a leading developer of optical measurement technologies, announces that it has signed

Y-Y 47% Revenue Increase, 57% Backlog Increase Burnaby, BC, February 27, 2017 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX-V: PHO), a leading developer of optical measurement technologies, reported preliminary unaudited financial results for the quarter ended December 31, 2016. All figures are reported in Canadian dollars. The financial results are preliminary only and subject to change based on the Company’s customary year-end audit review process. Photon

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,

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

Burnaby, BC, February 2, 2017 – Photon Control Inc. (the “Company”) (TSX V: PHO), a leading developer of optical measurement technologies, announces the grant under its Stock Option Plan of stock options to purchase an aggregate of 325,000 common shares of the Company at an exercise price of $1.14 per share for a term of 5 years. The stock options were granted to employees of the Company and are

Burnaby, BC, January 13, 2017 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX-V: PHO), a leading developer of optical measurement technologies, has appointed Neil McDonnell as Chair of the Board of Directors, effective immediately. Mr. McDonnell, who joined the Company’s board in November 2016, succeeds Michael Goldstein, who will remain as an Executive Director and Acting CEO. With these changes, Photon Control’s board remains comprised of five