Tech & Science Photon Regulate Strengthens its Place in Korea with the...

Photon Regulate Strengthens its Place in Korea with the Addition of a Main Distributor Toronto Inventory Trade:PHO

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VANCOUVER, British Columbia, Sept. 16, 2020 (GLOBE NEWSWIRE) — Photon Regulate Inc. (“Photon Regulate” or the “Corporate”) (TSX: PHO), a number one producer of fiber optic size answers, is happy to announce it has entered right into a distribution settlement with a number one Korean distributor, Woowon Era Co., Ltd (“Woowon”). This settlement supplies Photon Regulate with a confirmed spouse in Korea, the second one greatest semiconductor marketplace on this planet accounting for over 20% of the worldwide marketplace. The partnership furthers Photon Regulate’s marketplace penetration technique of sturdy native reinforce in key markets.

Woowon, headquartered in Bundang, Korea, was once established in 1990 and is a consultant and distributor for over 30 main international producers within the Korean marketplace. They provide capital apparatus, subsystems, and elements to the foremost semiconductor and show unique apparatus producers (OEMs) in Korea supported by means of a core workforce with over thirty years of revel in within the {industry}. Woowon will distribute Photon Regulate’s fiber optic sensors that play a crucial position in complicated procedure regulate within the semiconductor and show production industries.

“We’re overjoyed to spouse with a world-class distributor within the Korean semiconductor and show industries with over 30 years of revel in,” stated Nigel Hunton, Leader Government Officer of Photon Regulate. “We acknowledge the energy of the Korean marketplace, generating roughly 60% of the sector’s reminiscence chips, and we think this important expansion to proceed. Woowon is the proper spouse to develop our marketplace percentage in Korea via their sturdy native community and reinforce. Their {industry} experience will supply vital aggressive benefits and can help us in offering our consumers with inventive value-add answers.”

“Photon Regulate is a brilliant have compatibility for our consumers in Korea and we’re extremely joyful for this partnership,” stated Dr. Oh, President and CEO of Woowon. “Photon Regulate’s sensor merchandise and experience supplement our rising portfolio and we stay up for offering cutting edge sensor answers to profit our semiconductor and show consumers.”

About Photon Regulate Inc.
Photon Regulate Inc. designs, manufactures and distributes quite a lot of optical sensors and programs to measure temperature and place. Those merchandise strengthen efficiency and permit innovation for our consumers and are used within the semiconductor and different high-technology industries. Photon Regulate Inc.’s top quality merchandise supply industry-leading accuracy, reliability and high quality in probably the most excessive stipulations and are sponsored by means of a workforce of professionals offering quite a few on-site and faraway services and products together with customized design, set up, coaching and reinforce. The Corporate is headquartered in an ISO 9001:2015 production facility in Vancouver, BC, has production, gross sales and engineering places of work in California and a gross sales distribution community around the world. Photon Regulate Inc. is indexed on TSX, buying and selling below the emblem “PHO”. Further details about the corporate may also be discovered at

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https://www.photoncontrol.com/traders/

About Woowon Era Co., Ltd
Woowon Era, established in 1990, is a consultant and distributor for main international apparatus providers. Their extremely skilled gross sales and reinforce groups of over 40 other folks is headquartered in Bundang-gu, Seongnam-si and gives world-class reinforce this is enthusiastic about consumers within the Korean semiconductor, show, MEMS, LED and sun markets. Woowon imports and provides capital apparatus, subsystem and its elements from greater than twenty producers based totally in every single place the sector. Their wisdom and revel in supply efficient apparatus gross sales, logistics, software set up and start-up, procedure reinforce, and guaranty carrier. their sturdy established community and extremely succesful workforce permit early marketplace creation of leading edge applied sciences to meet the wishes in their consumers. Further details about the corporate may also be discovered at http://www.wwtech.co.kr/

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Investor Family members Touch:
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Ahead-Taking a look Statements
This information free up incorporates “forward-looking statements” inside the that means of acceptable Canadian securities regulation. Those statements usually may also be known by means of use of forward-looking phrases akin to “would possibly”, “will”, “may just”, “would”, “will have to”, “would possibly”, “be expecting”, “estimate”, “watch for”, “intend”, “imagine”, “consider”, “plan”, “mission”, “think”, “technique”, “targets”, “goals”, “attainable”, “imaginable”, “assured” or “proceed” or the destructive thereof or an identical permutations. Such forward-looking statements fear the trade and expected monetary efficiency of the Corporate and come with, with out limitation, the Corporate’s expansion outlook.

Those forward-looking statements are in line with positive elements and assumptions, together with, with out limitation: the Corporate’s skill to broaden, manufacture and promote new merchandise that meet the wishes of its consumers and achieve business acceptance; the Corporate’s skill to proceed to promote its merchandise in keeping with anticipated amount, value and supply occasions; the Corporate’s skill to draw new trade; persisted and long run call for for the Corporate’s merchandise; persisted gross sales to the Corporate’s main consumers; the Corporate’s operations now not being adversely suffering from provide, working, cyber safety, litigation or regulatory dangers; the Corporate’s skill to react to the cyclical nature of the semiconductor {industry}; the Corporate’s skill to give a boost to earnings diversification and open new marketplace alternatives; and, the Corporate’s expectancies referring to marketplace chance, together with rate of interest adjustments, tax adjustments and foreign exchange fluctuations.

Ahead-looking statements are matter to quite a few identified and unknown dangers, uncertainties and different elements which might reason precise occasions or effects to fluctuate from the ones expressed or implied by means of the forward-looking statements, together with, with out limitation: uncertainties when it comes to the marketplace for the Corporate’s merchandise and keeping up a solid degree of orders; fluctuations in earnings because of volatility within the markets and product combine; dangers when it comes to the Corporate’s provide reliance on its main consumers for almost all of its gross sales; dangers when it comes to the Corporate’s reliance at the monetary well being of and timing of cycles within the semiconductor {industry}; dangers when it comes to the advance of competing applied sciences and the potential for larger festival; the impact of sluggish expansion in america, the Corporate’s fundamental marketplace, in addition to different economies and different financial developments and stipulations within the markets that the Corporate and its consumers serve; dangers related to the unfold of the COVID-19 virus; dangers related to the opposed have an effect on of local weather alternate; dangers related to technical difficulties or delays in product introductions, enhancements, implementation; uncertainties in product pricing or different projects of the Corporate and its competition; uncertainties in elements that can lead to a discount in capital expenditures and/or not on time purchasing selections affecting call for for the Corporate’s merchandise; dangers when it comes to foreign money fluctuations, in particular between the Canadian and United States greenbacks; dangers in pursuing further building initiatives to reinforce current consumers or pursue different trade alternatives; and such different dangers as are known within the Corporate’s Annual Data Shape and different disclosure paperwork filed on SEDAR at www.sedar.com.

The foregoing assumptions, dangers and uncertainties aren’t exhaustive of the pieces that can impact our forward-looking statements. Will have to underlying assumptions turn out to be wrong or a number of of those dangers and uncertainties materialize, precise effects would possibly range materially from the ones described within the forward-looking statements. The Corporate’s forward-looking statements are in line with ideals, expectancies and evaluations of control at the date the statements are made.

For the explanations set forth above, readers will have to now not position undue reliance on forward-looking statements. The Corporate undertakes no legal responsibility to replace or revise any forward-looking statements incorporated herein if those ideals, estimates and evaluations or different instances will have to alternate, apart from as differently required by means of acceptable regulation.

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