BRIEF-Photon Control confirms return of $4.5 mln

Mon Jul 25, 2016 7:20am EDT
 
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July 25 (Reuters) - Photon Control Inc :

* Return of funds, with interest, was requested by board on July 5, 2016 after it became aware of unsanctioned transaction

* Received full return of $4.5 million plus interest from a related third-party company

* Photon control inc says photon control is expected to move into new facility in 2017 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)