Photon Control sells optical flow meter product line to Alberta company
Includes all OFM technology, inventory and equipment, and the licensing of patent rights.
VANCOUVER — Photon Control Inc. has sold its optical flow meter product line to King’s Energy Services in Red Deer, Alta.
The Vancouver manufacturer of optical measurement technologies for the global semiconductor industry said the sale includes all OFM technology, inventory and equipment, and the licensing of patent rights.
The purchase price was not disclosed but the deal includes a five-year royalty agreement.
“This transaction allows Photon Control to focus on its core business goals by freeing up both engineering resources and manufacturing capacity,” said Scott Edmonds, president and CEO.
King’s Energy Services is a supplier of instrumentation and valve products and services throughout Canada.
Photon Control Inc. designs, manufactures and distributes optical sensors and systems to measure temperature and position.