Odyssey Semi Stock Price, News & Analysis

Odyssey Semiconductor Technologies (OTCQB:ODII) announced that John Edmunds has been appointed as the new Chairman of the Board and plans to purchase 125,000 shares this week, reflecting a long-term investment strategy. The company remains focused on its proprietary Gallium Nitride (GaN) technology and aims to send samples of its vertical GaN transistors to customers by Q4 FY'21. The company's cash balance is projected to exceed $3 million by the end of September, with a monthly cash burn rate of $150K-$185K. These developments are expected to strengthen stakeholder communications and further operational growth.

Odyssey Semiconductor Technologies, Inc. (OTCQB:ODII) announced a management transition as Rick Brown, co-founder and CTO, will serve as interim CEO starting September 22, 2021, following the resignation of Alex Behfar. Behfar has been crucial in advancing the company’s GaN technology, which aims to replace SiC in high-voltage power applications, expected to exceed $3.5 billion by 2025. The Board also appointed John Edmunds as Chairman, emphasizing a stable transition while searching for a permanent CEO.

Odyssey Semiconductor Technologies, Inc. has appointed John S. Edmunds to its Board of Directors and as Chairman of the Audit Committee. With over 40 years of financial experience in the semiconductor industry, including a key role as CFO of Inphi Corporation, Edmunds' leadership is expected to bolster Odyssey's innovative capabilities. The company recently raised $5 million in a private placement to develop high-voltage GaN power-switching devices, tapping into a premium market projected to exceed $3.5 billion by 2025.

Odyssey Semiconductor Technologies has appointed Professor Khurram Afridi from Cornell University to its advisory board. He brings significant expertise in power electronics and GaN technology, focusing on applications in electric vehicles and solar energy systems. This move aims to enhance Odyssey's GaN device development, which targets a market projected to exceed $3.5 billion by 2025. Additionally, Odyssey raised $5 million through a private placement to fund its high-voltage GaN power-switching devices. The company is positioned to compete in the premium power switching device market, which is vital as silicon systems show limitations.

Odyssey Semiconductor Technologies, specializing in high-voltage power switching components using Gallium Nitride (GaN) technology, announced that insiders have contributed over 8.5% of its fundraising, priced at $4 per share. The recent financing round raised $5 million through a private placement of 1.25 million shares. In 2020, Odyssey reported revenues of $1.374 million and aims to enhance GaN technology for high-power applications in industries like EVs and renewable energy. The premium power switching device market is projected to exceed $3.5 billion by 2025.

Odyssey Semiconductor Technologies has successfully raised $5 million through a private placement of 1.25 million shares at $4.00 each. These funds will advance the development of high-voltage GaN power-switching devices essential for electric vehicles and renewable energy applications. Odyssey's proprietary technology enables the production of vertically-conducting GaN devices, enhancing performance over traditional silicon-based alternatives. The company aims to provide engineering samples and commence qualifications by the end of 2021.

Odyssey Semiconductor Technologies, Inc. (OTCQB: ODII) announced preliminary financial results for 2020, projecting revenues of $1.374 million. The company, specializing in high-voltage power switching components using innovative Gallium Nitride (GaN) technology, aims to address inefficiencies in the semiconductor industry. Significant developments include trading on the OTCQB since August 27, 2020, and advancements in GaN applications for electric vehicles and renewable energy. The premium power switching device market is expected to exceed $3.5 billion by 2025.

Odyssey Semiconductor Technologies has received approval to list its common stock on the OTCQB Venture Market under the symbol ODII, effective August 27, 2020. This milestone is expected to enhance market exposure and liquidity for investors. The company focuses on developing high-voltage power switching devices using proprietary Gallium Nitride (GaN) technology, which outperforms traditional silicon systems. The premium power switching device market is projected to exceed $3.5 billion by 2025, driven by the growth of electric vehicles and renewable energy installations.