Odyssey Semiconductor to Trade OTCQB Market under Symbol "ODII"

Odyssey Semiconductor to Trade OTCQB Market under Symbol

Odyssey Semiconductor also offers a world-class semiconductor device development and foundry service, filling the gap between university labs and large-scale wafer foundries.

Fremont, CA: Odyssey Semiconductor Technologies, a semiconductor device company developing innovative high-voltage power switching components and systems based on proprietary Gallium Nitride (GaN) processing technology, announced that it received approval from OTC Markets Group to list its common stock on the OTCQB® Venture Market (the "OTCQB") under the symbol "ODII."

"Odyssey Semiconductor's listing as a publicly traded company on the OTCQB marks an important milestone for our company," said Alex Behfar, Executive Chairman and Acting CEO of Odyssey Semiconductor. "We are proud of the accomplishments our team has made so far to develop GaN as the leading high voltage power switching semiconductor material, and we believe that the listing will provide the Company with broader market exposure and visibility, and enhance liquidity for our investors."

Based in Ithaca, NY, Odyssey Semiconductor operates a 10,000 sq.ft. semiconductor wafer manufacturing facility is complete with a mix of class 1,000 and class 10,000 clean space and tools for advanced semiconductor development and production.

Odyssey Semiconductor has developed a novel processing modification that will allow GaN to be processed so that, for the first time, it will make the production of high voltage GaN power switching devices viable.

The premium power switching device market, which is described as applications where Si-based systems perform insufficiently, is projected to reach over $3.5 billion by 2025 and is currently dominated by the semiconductor material SiC. This growth is primarily driven by the rapid adoption of electric vehicles and hybrid electric vehicles and the growing number of installations of renewables such as solar and wind power, and increased demand for more efficient industrial motor drives.

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