Odyssey Semiconductor Technologies, Inc., a semiconductor device company developing innovative high-voltage power switching components based on proprietary Gallium Nitride processing technology, today announced the appointment of John S. Edmunds to its Board of Directors. Mr. Edmunds will also serve as Chairman of the Audit Committee.
Mr. Edmunds brings over 40 years of financial experience, including 20 years as a public company Chief Financial Officer (“CFO”) with small cap semiconductor companies. Most recently, he spent 13 years as the CFO of Inphi Corporation (“Inphi”) and led that company through its IPO in 2010. Inphi was recently acquired by Marvell Technology, Inc. for $10 billion.
Prior to that, Mr. Edmunds was the CFO of Trident Microsystems and CFO of Oak Technology. He was previously a Certified Public Accountant with Coopers and Lybrand after which he held various executive positions with Tandem computers for 11 years through 1997. He is a graduate of the Hass School of Business at the University of California, Berkeley.
“John is an incredible addition to the Odyssey team, and in particular the Audit Committee” said Alex Behfar, Chairman and CEO of Odyssey Semiconductor. “His depth and breadth of experience will be a great asset to our company as we continue to innovate and lead this industry into the future.”
In addition to Mr. Edmunds, Odyssey recently added Cornell University Professor Khurram Afridi to its Board of Advisors. The Company announced in April that it had raised $5 million (1.25 million shares at $4.00 per share) in a common stock private placement to further fund the development and production of high-voltage vertically conducting GaN power-switching devices. Odyssey has developed new GaN processing technology to produce high-voltage power switching devices that will break down long-standing performance barriers for high-power and high-voltage applications such as EVs, solar energy, power grids, and industrial motors.
In 2020, Odyssey began trading on the OTCQB Venture Market (the “OTCQB”) under ticker ODII and is focused on the premium power switching device market. The premium power switching device market, which is described as applications where silicon-based systems perform inadequately, is projected to reach over $3.5 billion by 2025.
About Odyssey Semiconductor Technologies, Inc. (OTCQB: ODII)
Odyssey Semiconductor Technologies, Inc. (www.odysseysemi.com), has developed a proprietary technology that will allow for gallium nitride (“GaN”) to replace silicon carbide (“SiC”) as the leading high-voltage power switching semiconductor material. Based in Ithaca, NY, the Company owns and operates a 10,000 sq.ft. semiconductor wafer manufacturing facility complete with a mix of class 1,000 and class 10,000 clean space as well as tools for advanced semiconductor development and production. Odyssey Semiconductor also offers a world-class semiconductor device development and foundry service.
