Vancouver, BC, April 12, 2019 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX: PHO), a leading developer and supplier of optical measurement technologies to the global semiconductor industry, is pleased to announce the appointment of Nigel Hunton as its President, Chief Executive Officer (“CEO”) and member of the Board of Directors (the “Board”) effective May 2, 2019.
“Nigel is recognized and highly respected by our customers, with a proven track record in developing and executing strategies to create long-term shareholder value,” said D. Neil McDonnell, Board Chair. “The Board carried out a rigorous selection process of assessing executives in the semiconductor industry against key cornerstones of our strategy which include driving New Product Introduction (“NPI”), commercializing Intellectual Property (“IP”) and expanding within our customers and served markets. The Board was also impressed with Nigel’s expertise in leading and developing high-performing teams, and we are excited to have him join the Company.”
“I am pleased to be joining Photon Control at this exciting time,” said Nigel Hunton, Chief Executive Officer. “I look forward to leading this world-class team, building upon the Company’s customer-centric culture and developing and investing in its technology to expand on Photon Control’s unique differentiators and IP. With a strong NPI funnel and solid balance sheet, the Company is well positioned for sustained growth in revenue and profitability. With the size of electronic devices continuing to scale down, Photon Control’s temperature and position sensor systems are proving essential to maintaining process uniformity, chip yields and fab efficiency for semiconductor manufacturers.”
Mr. Hunton brings 30 years of executive management experience and his semiconductor relationships to his new role at Photon Control. A global leader who understands diversity, Mr. Hunton has successfully led businesses to accelerated growth in the USA, Asia and Europe Most recently, Mr. Hunton served as President and Chief Operating Officer (“COO”) of Ferrotec USA, a leading supplier of materials and components to the semiconductor industry and prior to that, as CEO of MBA Polymers, the world’s leading cleantech recycler of high value plastics. He was previously Board Chair and CEO of Edwards Limited, the market-leading global vacuum technology company, where he led the sale of the company in 2007 and then successfully restructured the business to increased profit margins and annual revenue exceeding $1 billion. Throughout his career, he has a proven track record of increasing shareholder value and delivering results by setting clear strategic direction, restructuring businesses, making strategic acquisitions, transforming companies’ profitability and delivering growth.
About Photon Control Inc.
Photon Control Inc. designs, manufactures and distributes a wide range of optical sensors and systems to measure temperature and position. These products are used by the world’s largest wafer fabrication equipment manufacturers and end users in the semiconductor and solid-state industries. Photon Control Inc.’s high quality products provide industry leading accuracy, speed and quality in the most extreme conditions and are backed by a team of experts providing a variety of on-site and remote services including custom design, installation, training and support. Headquartered in an ISO 9001:2015 manufacturing facility in Vancouver, BC, Photon Control Inc. is listed on TSX, trading under the symbol ‘’PHO.” Additional information about the company can be found at https://www.photoncontrol.com/investors/
Investor Relations Contact:
IR@photoncontrol.com
