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Odyssey Semiconductor Technologies, Inc., a semiconductor device company founded in 2019 and based in Ithaca, New York, specializes in developing high-voltage power switching components and systems using gallium nitride processing technology. The company is dedicated to advancing its Vertical GaN technology to replace silicon carbide (SiC) in the high-voltage power semiconductor market. Odyssey's innovative approach offers significant commercial advantages over competing technologies, aiming to provide smaller, lighter, and more cost-effective power systems. With a growing pipeline of foundry service projects and ongoing financial reviews to address long-term financing needs, Odyssey Semiconductor is at the forefront of semiconductor technology innovation.
Odyssey Semiconductor Technologies has appointed Mark Davidson as its new CEO, effective April 18, 2022, succeeding Rick Brown, who will remain as CTO. Davidson brings extensive experience in the semiconductor industry, having previously held leadership roles at DreamVu and Range Networks. Under his leadership, Odyssey aims to deliver 1200 V vertical GaN FETs in 2022 and seeks to replace SiC with its proprietary GaN technology. The management transition is seen as pivotal for the company's growth and market acceptance.
Odyssey Semiconductor Technologies, Inc. (OTCQB:ODII) has achieved a significant technological milestone by demonstrating a 700 V rating in its vertical GaN power field-effect transistors (FETs), marking a breakthrough in efficiency and low on-resistance. This development is critical as the demand for high-voltage power switching components increases in electric vehicles and renewable energy. Additionally, the U.S. Patent and Trademark Office has granted a new patent (11,251,295) to protect Odyssey's innovative vertical GaN technology, reinforcing the company's leadership in the semiconductor sector.
Odyssey Semiconductor Technologies (OTCQB:ODII) announced its participation in the Maxim Group's 2022 Virtual Growth Conference, scheduled for March 28-30. A recorded on-demand webcast for investors will be available starting March 28 on the company's Investor Relations website. Odyssey specializes in high-voltage semiconductor devices using proprietary Gallium Nitride technology, aimed at replacing Silicon Carbide in the market.
Odyssey Semiconductor Technologies, Inc. (OTCQB:ODII), a leader in high-voltage semiconductor devices, announced its participation in three upcoming investor conferences in March 2022. They will engage in one-on-one meetings and present in virtual webcasts. The Investor Summit is set for March 8, Roth Capital on March 15, and Maxim Group from March 28-29. Presentations will be accessible on their Investor Relations website, with archives for future viewing. This outreach aims to inform stakeholders about the company's advancements in Gallium Nitride technology.
Odyssey Semiconductor Technologies, Inc. (OTCQB:ODII) announced its participation in three upcoming investor conferences. The Investor Summit Q1 Virtual Conference will take place on March 8, 2022, featuring a management presentation at 10:15 AM ET and opportunities for one-on-one meetings. The Roth Capital 34th Annual Conference is set for March 15, 2022, at the Ritz Carlton Laguna Niguel, with both one-on-one meetings and a virtual presentation. Finally, the Maxim Group Virtual Growth Conference will occur on March 28-29, 2022. More information is available on their investor relations website.
Odyssey Semiconductor Technologies (OTCQB:ODII) reported its financial results for Q4 and the full year 2021, highlighting revenues of $748,948, predominantly from foundry services. As of December 31, 2021, the company had a cash balance of $2.6 million, with net cash used in operations averaging $208,000 monthly. Odyssey is advancing the development of its first vertical GaN product, intending to provide engineering samples in Q1 2022. The company is also conducting a search for a new CEO to enhance its operational capabilities.
Odyssey Semiconductor Technologies (OTCQB:ODII) announced plans to file a registration statement for a public offering and seek listing on the Nasdaq Capital Market. The company aims to enhance its funding to meet Nasdaq's requirements. However, there's no guarantee of Nasdaq's approval. The filing includes a registration statement on Form S-1, which is not yet effective, and securities cannot be sold until it becomes effective. Maxim Group LLC is the sole book-running manager for the offering. There are significant risks related to the GaN technology's market acceptance and manufacturing capabilities.
Odyssey Semiconductor Technologies, Inc. (OTCQB:ODII) is set to release its financial results for the fourth quarter and full year of 2021 on February 10, 2022, after market close. A conference call, featuring CEO Rick Brown and Chairman John Edmunds, will follow at 5:00 PM ET to discuss the results and provide a business update. Participants can access the call through specified phone numbers or via the company's Investor Relations website. Odyssey's proprietary GaN technology aims to outperform SiC in high-voltage power switching applications.
Odyssey Semiconductor Technologies, Inc. (OTCQB: ODII) announced its participation in the Needham 24th Annual Growth Conference on January 10, 2022. CEO Rick Brown and Chairman John Edmunds will engage in a group presentation and one-on-one meetings. The group's presentation is scheduled for 5:00pm ET and will be available via live webcast on their Investor Relations website. Odyssey Semiconductor anticipates increased communications with investors as it makes progress on its product roadmap and commercialization efforts.
Odyssey Semiconductor Technologies, Inc. (OTCQB:ODII) reported its third-quarter financial results for 2021, posting total revenue of $174,952 solely from foundry services. The company ended the quarter with a cash balance of $3.4 million and has managed operational cash usage at approximately $185,000 monthly. Odyssey is progressing towards engineering samples of its first vertical GaN product, aiming for JEDEC qualifications, while expanding its intellectual property portfolio targeted at high-voltage applications in various sectors including electric vehicles.
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