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Photon Control Recognized by PROFIT 500 for Third Consecutive Year

Recaps Four Steller Awards and Thanks Employees

BURNABY, BC , Feb. 23, 2017 /CNW/ - Photon Control Inc. ("Photon Control" or the "Company") (PHO.V), 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.

Business in Vancouver's list of B.C.'s 100 Fastest Growing and 100 Top Public Companies is one of the newspaper's signature annual features, and is ranked by percentage growth in revenue between the years 2011 and 2015, and 2015 net income respectively. Since 1994, the list has provided an overview of the economy's key growth sectors. It also provides readers with insights about what it takes to build a business in good times and bad.

BIGGEST MANUFACTURERS: Business in Vancouver ranked Photon Control in the "Biggest Manufacturers in Metro Vancouver 2017" report. Photon Control was listed for the 1st time and ranked in the top 100 employers.

Business in Vancouver's list of the top 100 manufacturers in the Lower Mainland is one of the newspaper's signature annual features, and is ranked by the total number of staff a company has in the province of BC. For several years, the list has provided an overview of the growth of the manufacturing sector in the greater Vancouver area.

BC EXPORT AWARD: The Province of BC nominated Photon Control as a 2016 BC Export Awards Finalist in the category of "Advancing Technology & Innovation".

The BC Export Awards are the province's most prestigious awards paying tribute to the success and innovation of BC companies. The awards are a celebration of the contributions exporters have made to both the provincial and national economy. Conceived in 1982, the program has recognized over 300 companies since its inception, reflecting the growth and diversity of BC's economy over the past 30 years.

"Companies become a part of the PROFIT 500 through innovative thinking, smart strategy and sheer grit," says James Cowan , Editor-in-chief of PROFIT and Canadian Business. "These companies demonstrate what Canadian entrepreneurs can achieve, both at home and across the globe."

"I couldn't be more proud and grateful," said Michael Goldstein , Director and Acting CEO of Photon Control. "These prestigious recognitions remind our employees that their hard work and personal sacrifices for the benefit of our customers and shareholders make a difference and are recognized."

About PROFIT and PROFITguide.com PROFIT: Your Guide to Business Success is Canada's preeminent media brand dedicated to the management issues and opportunities facing small and mid-sized businesses. For 34 years, Canadian entrepreneurs across a vast array of economic sectors have remained loyal to PROFIT because it's a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at PROFITguide.com. 

About Canadian Business
Founded in 1928, Canadian Business is the longest-serving, best-selling and most-trusted business publication in the country. With a total brand readership of more than 1.1 million, it is the country's premier media brand for executives and senior business leaders. It fuels the success of Canada's business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics. We provide concrete examples of business achievement, thought-provoking analysis and compelling storytelling, all in an elegant package with bold graphics and great photography. Canadian Business—what leadership looks like.

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.  

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.

SOURCE Photon Control Inc.

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