Welcome to our dedicated page for Odyssey Semi news (Ticker: ODII), a resource for investors and traders seeking the latest updates and insights on Odyssey Semi stock.
Overview of Odyssey Semiconductor Technologies, Inc.
Odyssey Semiconductor Technologies, Inc. is a specialized semiconductor device company that has established a strong reputation for its innovative approach to high-voltage power switching solutions. Leveraging proprietary gallium nitride (GaN) processing technology, the company creates advanced semiconductor components and systems that are designed to meet the demanding needs of modern power conversion applications. Keywords such as gallium nitride, high-voltage power switching, and advanced semiconductor manufacturing are crucial to understanding its technological contributions in the industry.
Core Technology and Manufacturing Capabilities
The company is at the forefront of semiconductor innovation with its focus on GaN-based technology. This technology enables the development of high-efficiency power switching components that can offer significant performance improvements over traditional silicon-based solutions. Odyssey’s proprietary GaN processing techniques allow for the production of robust, high-voltage devices that are critical in numerous applications including energy-efficient power conversion systems. The company operates a dedicated semiconductor wafer manufacturing facility, complete with advanced clean space environments, which supports both research and large-scale production of semiconductor devices.
Business Model and Operations
Odyssey Semiconductor Technologies adopts a multifaceted business model. Its operations include in-house semiconductor wafer manufacturing, extensive research and development (R&D) in GaN processing, and a world-class device development foundry service. This integrated approach enables the company to not only develop cutting-edge technology but also to move seamlessly from design to production. The firm’s emphasis on process innovation and high-quality manufacturing highlights its commitment to delivering reliable, high-voltage power switching components to a range of applications in industrial and energy sectors.
Industry Position and Competitive Landscape
Operating in the highly competitive semiconductor industry, Odyssey distinguishes itself with its specialized focus on GaN technology. While many semiconductor companies focus on a breadth of technologies, Odyssey’s concentrated efforts in high-voltage power switching allow it to provide unique solutions that cater to the specific demands of power conversion and energy efficiency. This niche specialization positions the company as a significant contributor within the broader semiconductor market, particularly as industry trends increasingly favor energy-efficient and high-performance semiconductor devices.
Expertise and Technological Innovation
Odyssey Semiconductor Technologies is driven by a commitment to R&D and technological advancement. Its proprietary GaN processing technology is not only a technical differentiator but also a reflection of the company’s deep industry expertise. By focusing on advanced manufacturing processes within a controlled and state-of-the-art facility, Odyssey demonstrates its rigorous approach to ensuring that its semiconductor components meet high standards of efficiency and reliability in demanding power-switching applications.
Company Legacy and Market Impact
Founded in 2019 and headquartered in Ithaca, New York, Odyssey has rapidly evolved into an innovative entity within the semiconductor sector. The company's contributions to GaN-based high-voltage power switching technology have paved the way for more efficient industrial power solutions. Its operational excellence and continuous focus on technological refinement contribute to a growing reputation as an informed and capable developer in an industry characterized by rapid changes and complex challenges.
Operational Excellence and Foundry Services
Beyond semiconductor manufacturing, Odyssey offers a comprehensive foundry service. This service provides customers with access to specialized semiconductor device development and manufacturing capabilities. The company’s approach integrates hands-on fabrication experiences with advanced technical know-how, ensuring that its partners receive not only product solutions but also strategic insights into semiconductor design and performance optimization.
Conclusion
In summary, Odyssey Semiconductor Technologies, Inc. stands out for its focused approach to developing high-voltage power switching components through proprietary GaN technology. Its operational strategies, manufacturing excellence, and specialized foundry services underscore a commitment to advanced semiconductor manufacturing. This comprehensive overview reflects a deep understanding of the company’s technological foundations and operational philosophy, making it a noteworthy subject for investors and analysts seeking an in-depth look at niche semiconductor innovators.
Odyssey Semiconductor Technologies (OTC PINK:ODII) has announced a final liquidating distribution of $0.11 per share, totaling approximately $1.6 million, to be paid around December 23, 2024, to stockholders of record as of August 19, 2024. The company, which filed for dissolution on August 19, 2024, currently holds a cash balance of $1.837 million. After the distribution, approximately $61,000 will be reserved for tax liabilities and $169,000 for legal and dissolution expenses.
Following the Delaware statutory process, no claims were filed against the company during the 60-day notice period ending November 27, 2024. The company will seek a Delaware Court of Chancery order regarding cash reserves for potential future claims, though no additional distributions are expected.
Odyssey Semiconductor Technologies (OTC:ODII) has announced its final dissolution timeline following the sale of its assets to Power Integration, Inc. on July 1, 2024. The company plans to set August 19, 2024 as the Final Record Date for dissolution, subject to FINRA processing. On this date, Odyssey will file for dissolution in Delaware and cease operations. FINRA is expected to remove ODII from the OTC Expert Market around this time.
Following dissolution, Odyssey will follow Delaware law procedures to address claims and determine security for potential liabilities. The company currently has $1,673,804 in its bank account with known liabilities of about $150,000. A liquidating cash distribution to shareholders is planned between March and June 2025, but the amount and timing are uncertain due to potential claims and court proceedings.
Odyssey Semiconductor Technologies (OTC PINK: ODII) announced that its shareholders have approved the sale of nearly all its assets to Power Integration, a developer of high-voltage integrated circuits. The approval was obtained at a special meeting on June 3, 2024, with about 99% of votes cast in favor. The results will be filed with the SEC. The sale follows a go-shop period for alternative proposals, ending April 1, 2024. The transaction is expected to close in early July, after which Odyssey plans to delist from the OTC market, cease operations, and distribute any remaining funds to shareholders.
Power Integrations, a leader in high-voltage integrated circuits for energy-efficient power conversion, announced the acquisition of Odyssey Semiconductor Technologies, a developer of vertical gallium-nitride (GaN) transistor technology. The transaction is expected to close in July 2024, with all key Odyssey employees joining Power Integrations. This acquisition will support the development of Power Integrations' PowiGaN™ technology, enhancing their product families and expanding their voltage and power capabilities.
FAQ
What is the current stock price of Odyssey Semi (ODII)?
What is the market cap of Odyssey Semi (ODII)?
What is the primary focus of Odyssey Semiconductor Technologies?
How does Odyssey generate revenue?
What role does GaN technology play in Odyssey's products?
Where is Odyssey Semiconductor Technologies headquartered?
How does Odyssey differentiate itself in the competitive semiconductor market?
What markets does Odyssey Semiconductor Technologies serve?
How does Odyssey ensure the quality of its semiconductor devices?
How does Odyssey's foundry service benefit its clients?
