July 21 (Reuters) - Photon Control Inc PHO.V
* Photon control provides corporate update
* Previously disclosed on June 27, 2016 became aware of unauthorized transfer of $4.5 million to a related company controlled by Dueck
* Says engaged a forensic accounting firm to review and evaluate company's transactions with related third-party companies
* Says review is intended to ensure that company's control and disclosure practices were properly followed
* Says engaged an intellectual property auditor to review all of company's intellectual property ownership and agreements
* Says terminated its services agreement with DCD Management
* Says DCD management is controlled by David Dueck, a director of Photon Control Source text for Eikon: ID:nCNWVh181a Further company coverage: PHO.V
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