Photon Control Reports Fourth Quarter and Annual 2020 Financial Results With Record Annual Revenue and Net Income - Seite 3

We enter 2021 in the strongest financial position in Company history, with continued expectations that we will deliver strong operational execution and increase shareholder value in this robust and very healthy business environment. I want to thank all our stakeholders, including our customers, employees and suppliers for enabling us to deliver a record year in 2020 and in supporting another expected growth year for Photon Control in 2021.”

Conference Call

Photon Control will hold a conference call today (March 18, 2021) at 11:00 am Eastern time (8:00 am Pacific time) to discuss these results. The call will be hosted by Nigel Hunton, Chief Executive Officer, and Damian Towns, Chief Financial Officer, followed by a question and answer period.

Please call 1-800-319-4610 or [phone] approximately 10 minutes prior to the commencement of the call. The conference call will be broadcasted simultaneously and be available for replay. Further information can be found at https://www.photoncontrol.com/investors/.

Financial Statements and Management’s Discussion and Analysis

This news release should be read in conjunction with the Company’s consolidated financial statements and related notes, and management’s discussion and analysis for the year ended December 31, 2020, copies of which can be found at www.sedar.com.

Events and Conferences

Photon Control participated or is scheduled to participate in the following events and conferences in 2021:

• 33^rd Annual Roth Investor Conference – March 15 - 17, 2021
• 16^th Annual Needham Virtual Technology & Media Conference – May 17 - 20, 2021
• Stifel 2021 Virtual Cross Sector Insight Conference – June 8 - 10, 2021
• 13^th Annual CEO Investor Summit 2021 – June 15, 2021
• Oppenheimer 24^th Annual Technology, Internet & Communications Conference – August 10 - 11, 2021
• Jefferies 2021 Semiconductor, IT Hardware & Communications Infrastructure Summit – August 31 - September 1, 2021
• 10^th Annual NYC Investor Summit 2021 – December 14, 2021
  

Details of the events will be made available at https://www.photoncontrol.com/investors/.

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 improve performance and enable innovation for our customers and are used in the semiconductor industry. Photon Control Inc.’s products provide industry-leading accuracy, reliability 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. The Company is headquartered in an ISO 9001:2015 manufacturing facility in Vancouver, BC, has manufacturing, sales and engineering offices in California and a sales distribution network around the globe. 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/