VANCOUVER, Oct. 11, 2018 /CNW/ - 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 that it has
transitioned three new products to the final pre-production release
step in its New Product Introduction ("NPI")
process.
The new fiber optic products include a new real-time wafer
position sensor, a temperature sensor with improved accuracy and
manufacturing robustness, and an offline wafer position
sensor. These new products have been developed for deployment
in the Etch and Deposition steps with existing customers. The
pre-production release step is the final approval stage prior to
production release for new products and indicates that the customer
has approved the final design of prototypes delivered after the
proof-of-concept and in-house validation phases. All three
products are scheduled to be released to production by Photon
Control's customers by the end of 2018.
"We are pleased to announce this progress on our strategy of
diversifying our product offerings and expanding the reach of our
fiber optic solutions across the semiconductor value chain. This is
particularly gratifying given the recent slowdown in semiconductor
capital spending, during which time we have seen our NPI funnel
continue to grow and our customers have continued to accept new
products according to previously agreed schedules," said
Scott Edmonds, Chief Executive
Officer. "Each of these new products is expected to add to our
revenue base in 2019 and beyond, and demonstrates that our
investments in engineering, customer service and quality are
providing the expected returns for our shareholders."
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
www.photoncontrol.com/investors.html
SOURCE Photon Control Inc.