Odyssey Semiconductor: Technologies, Inc. is a really cool semiconductor company that focuses on making really advanced high-voltage power switching parts. They just released their report on how well they did in the second quarter of 2023. The CEO, Mark Davidson, said that the company has made agreements with two important customers to try out their products early.
They are also expecting to sign another agreement by September. Davidson made it clear that they are actively involved with important people in the electric vehicle, industrial motor, and renewable energy industries. He expressed his strong belief in how great the process of making the product is, how strong their collection of ideas and inventions is, and how excited their customers are.
During the first quarter of 2023, we achieved some important goals. We successfully delivered product samples to our clients, which helped prove that our vertical GaN power devices can perform as expected. In Q2, we were able to successfully bring on two new customers. We expect that our invoicing will increase to around $100,000 in Q3. In the future, Odyssey Semiconductor is really determined to turn their $2 million pipeline for foundry services into real and profitable business opportunities.
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Odyssey Semiconductor has found a special and good position in the growing high-voltage trend. The company has used their cool vertical GaN technology to stand out from other technologies like silicon carbide or lateral GaN. This has helped them create a special place for themselves in the market. The need for their innovative products is big and growing quickly. Predictions show that the 650-volt segment is expected to grow at a strong rate of 20% each year. Additionally, the 1200-volt segment is projected to grow even faster with an impressive rate of 63% each year.
Odyssey Semiconductor plans to get more money by showing how many customers they gained in the third quarter. This will help them grow even more. If you’re interested, you can ask for samples of the products. The company is getting a lot of questions about the 650 and 1200 volt vertical GaN power devices.
The article says that Odyssey Semiconductor is getting ready to have a conference call and webcast to talk about what they did in the second quarter of 2023. People who are interested and involved can decide to join the conference call by dialing in or choose to take part in the webcast. Also, you can easily watch the webcast later on the company’s special Investor Relations website.
Odyssey Semiconductor Technologies, Inc. is based in Ithaca, NY. They have a really advanced factory where they make semiconductor wafers. They use their knowledge to develop semiconductor devices and provide really good foundry services to the industry.