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Photon Control Bolsters Company Procedures After Unauthorized Transaction

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BURNABY, British Columbia, August 2, 2016 — Optical measurement technology developer Photon Control Inc. has announced changes to its board of directors and an agreement termination due to an unsanctioned and returned $4.5 million transaction. Photon Control’s service agreement with DCD Management, a provider of financial, payroll and information technology services, has been terminated. DCD Management is controlled by David Dueck, director of Photon Control. In June, Photon Control disclosed of the unauthorized transfer of $4.5 million to a related company controlled by Dueck. Ronan McGrath, with more than 45 years...Read full article

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