Odyssey Semiconductor Technologies Stock

Odyssey Semiconductor Technologies, Inc. operates as a semiconductor device company.

The company engages in developing revolutionary high-voltage power switching components and systems based on proprietary Gallium Nitride (GaN) processing technology. The company owns Odyssey Semiconductor, Inc., a Delaware corporation (Odyssey Semiconductor).

The company has developed proprietary technology that allows activation of dopants in the GaN. This proprietary technology allows GaN to be processed in a manner that for the first time makes high voltage GaN power switching devices viably manufacturable.

The company expects that its GaN power products will completely overlap the market for SiC power switching market. Furthermore, the company expects that its GaN power products will exceed switching speeds and operating voltages attainable reliably with SiC.

The company's proprietary vertically conducting GaN devices are approximately 10 times smaller in chip size compared to devices fabricated from SiC, since the resistance of GaN is approximately one-tenth of that of SiC. The company expects that a significant market exists for GaN solutions, especially in the electric vehicles (EV) market.

Intellectual Property

As of December 31, 2022, the company had two issued, and four in-process patents by the U.S. Patent and Trademark Office that cover the core technology used in its device technology.

Research and Development

For the year ended December 31, 2022, the company's research and development expenses included $2,085,815.

History

Odyssey Semiconductor Technologies, Inc. was founded in 2019. The company was incorporated in 2019 under the laws of the state of Delaware.