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March 20 (Reuters) - Photon Control Inc
* Photon Control - press release issued earlier regarding non-binding LOI with photon control research and development ltd. Issued without board or management approval
* Photon Control Inc- "No definitive agreement has been reached, and that LOI is non-binding, and has not been formally approved by management or board"
* Says has been in negotiations to settle dispute with Photon Control Research and Development Ltd. and related parties for over six months Source text for Eikon: Further company coverage: