Photon Control Selects Leading Japanese Distributor
VANCOUVER, Jan. 10, 2019 /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 it has entered into a distribution agreement with Japan Laser Corporation ("JLC"), a leading distributor of lasers and other optical equipment in Japan.
Japan Laser Corporation, based in Tokyo, was established in 1968 and is Japan's oldest laser trading company, distributing lasers, optical equipment, and optical sensors. They also provide integrated optical solutions for semiconductor and other industrial applications, distributing products for some of the largest suppliers of critical subsystems to the semiconductor industry. JLC will distribute Photon Control's fiber optic temperature and position sensors, used for advanced process monitoring by the world's largest wafer fabrication equipment manufacturers.
"We estimate the total available market for our products in Japan to be greater than $100 million over the next five years. We expect Japan Laser Corporation, a world-class distributor in the semiconductor space, to greatly enhance our capability to serve this market," said Neil McDonnell, Board Chair and Interim Chief Executive Officer of Photon Control. "Their deep experiences and ability to provide integrated solutions are significant competitive advantages for us, and we look forward to great success with JLC."
"We see great synergies in this partnership which will result in large benefits for our customers. We are very pleased to have Photon Control as a new partner for supplying process monitoring solutions to the semiconductor industry," said Nobuyuki Kondo, Chief Executive Officer of Japan Laser Corporation. "We expect to amplify Photon Control's impact on the Japanese semiconductor industry and look forward to a long and fruitful relationship."
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/
SOURCE Photon Control Inc.
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