Last C$0.44 CAD
Change Today +0.005 / 1.15%
Volume 243.8K
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As of 3:36 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

photon control inc (PHO) Snapshot

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08/12/14 - C$0.57
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photon control inc (PHO) Details

Photon Control Inc. engages in the design and manufacture of optical sensors and instruments used by original equipment manufacturers and end-users in the semiconductor, oil and gas, power, life science, and manufacturing industries worldwide. Its optical sensors include temperature and positioning sensor systems with a range of probes that comprise immersion probes designed for solid, gas, and liquid temperature measurements; fast-response contact probes designed for surface measurement and applications with large temperature gradients between surface and environment; and life science probes designed with small form factor for small temperature range applications. The company also offers a range of spectroscopy products consisting of spectrometers, light sources, software, and accessories, as well as designs and manufactures custom solutions for original equipment manufacturers. In addition, it provides optical flow meters and accessories that are used by oil and gas companies to measure and monitor the flow of flare gases in oil production. Further, the company offers downhole pressure and temperature sensors to measure pressure and temperature over long distances and at high temperatures. Photon Control Inc. sells its products through distributors worldwide. The company was formerly known as Coldswitch Technologies Inc. and changed its name to Photon Control Inc. in 2002. Photon Control Inc. was founded in 1988 and is headquartered in Burnaby, Canada.

33 Employees
Last Reported Date: 08/12/14
Founded in 1988

photon control inc (PHO) Top Compensated Officers

Acting Chief Executive Officer, President, Ma...
Total Annual Compensation: C$152.8K
Chief Administrative Officer, Acting Manager ...
Total Annual Compensation: C$92.3K
Compensation as of Fiscal Year 2013.

photon control inc (PHO) Key Developments

Photon Control, Inc. Appoints Michael Goldstein as Independent Director

Photon Control, Inc. announced the appointment of Michael Goldstein of Vancouver, BC, as an independent director, to the Board. Michael Goldstein is well known for his entrepreneurial leadership of technology and industrial businesses. Previously, Mr. Goldstein led global divisions of large multi-national enterprises with end markets in semiconductor, industrial, and process equipment. Mr. Goldstein started his career with General Electric Company.

Photon Control, Inc. Announces Unaudited Financial Results for the Three and Six Months Ended June 30, 2014

Photon Control, Inc. announced unaudited financial results for the three and six months ended June 30, 2014. Product sales for the three months ended June 30, 2014 were $4.1 million, an increase of $0.4 million or approximately 11% compared with $3.7 million reported in the same quarter of 2013. The company's profit before taxes was $960,603 an increase of approximately 29% compared with $743,516 profit before taxes for the same period in 2013. During the first six months of 2014, the company achieved solid results with a good profitability progression recording $9.9 million in product sales and $3,032,714 profit before taxes, representing an increase of approximately 52% and 167% respectively compared to the same period last year.

Photon Control, Inc. Unveils the Second Generation of the Focus® Optical Gas Flow Meter

Photon Control, Inc. announced the unveiling of the second generation of the Focus® Optical Gas Flow Meter. (Focus 2.0) at the Global Petroleum Show in Calgary, Alberta, June 10-12 2014. The Focus® 2.0 Optical Gas Flow Meter provides high accuracy and dependability in a robust low-maintenance package for meeting the challenges of flare gas metering. The Focus® 2.0 is specifically designed for gas flaring applications, using Laser 2 Focus Velocimetry Technology, enabling oil and gas companies to accurately measure flow rates with levels of performance unmatched by other technologies. The New system features a compact and robust design for easier installation and maintenance in the field, and includes new user-friendly software with a Wizard mode that enables an easy step-by-step configuration of parameters. The Focus® 2.0 needs only one installation point in the gas line and takes less than 3 hours to install under normal circumstances. As well, the installation can be performed without having to shut the entire system down so as not to interrupt the site operations. The Focus® 2.0 is fully compliant with ASME Code Section VIII, Division I for pressure safety and is rated intrinsically safe by CSA. With the Focus® 2.0 optical technology, this meter can be applied to any process temperature in the range of -40C to +100C. The system is also resistant to pipe vibration, and sound interference will not affect accuracy or any other aspect of performance. The Focus® 2.0 measures a wide range of flow from 0.1 m/s to 150 m/s with accuracy up to ±2.5%. This range has been verified through extensive third-party testing and in-field applications with oil-companies around the world, which makes the Focus® 2.0 perfect solution for accurately measuring a wide range of flow rates in a variety of pipe diameters (4"-30" Inches).


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