Odyssey Semcondctr Tech

Good day, ladies and gentlemen, and welcome to the Odyssey Semiconductor fourth quarter and full year 2021 earnings call. At this time, all participants are in a listen-only mode. At the end of today's presentation, there will be an opportunity to ask questions via a chat line. Investors can submit their questions within the meeting webcast by typing into the Q&A button on the right side of your viewing screen. Analysts who publish research may ask questions on the phone line. For analysts to ask a question on the phone line, please press star then 1, And to remove your question, please press star then two. And as a reminder that this event is being recorded, I would now like to turn the conference over to Mr. Jeff Christensen, Investor Relations. Please go ahead.

Jeff Christensen Thank you, operator. Joining me today are Rick Brown, co-founder, interim CEO, CTO, and board member, and John Edmonds, chairman of the board. Earlier today, we issued a press release announcing our results for the fourth quarter We'll start today's call with prepared remarks from Rick and John before moving into Q&A. During our prepared remarks, we will refer to slides that are available for viewing in the webcast and posted in the investor relations section of our website at odysseysemi.com under events subheading. We hope these slides will serve as a framework for management's prepared remarks, reinforce key takeaways, and provide additional transparency and insight into our business strategy and objectives. Moving to slide two, some statements made today are forward-looking. Forward-looking statements are subject to risk, uncertainties, and other factors that may cause actual results to differ materially from those contemplated by these statements. Additional information regarding these factors can be found in our annual, quarterly, and other reports filed with the SEC. I will now turn the call over to John Edmunds, Chairman of the Board.

Thanks, Jeff. Turning to slide three, you'll see Odyssey at a glance. We're a small semiconductor facility. We actually have a foundry. We were kind of spawned out of the Cornell Ithaca foundry or school of engineering and foundry there. One of the founders is a professor at Cornell, and Rick, who's on the call with me today, was one of his students at one time. And we're using a foundry or facility that – belonged to Ben Optics at one time and we've converted and made use of that for producing GAN material. So it's a very interesting one of the few GAN foundries in the country right now. And we're focused on GAN for high power switching technology. So we're not competitive necessarily with a Navitas or a GAN systems. We're actually complementary to them. They're mostly focused on lower power chargers and switching and We're actually focused on 1,200 volts and above sort of category. So, you know, this will be important to next-generation battery packs for electric cars, as well as solar power inverters and high-voltage industrial motors going forward. You can see that we were a product of a reverse IPO a couple years ago. We've had two rounds of private placements for financing, one in August of 29 at 2.9 million and one last year in March of 21 for 5 million. We've just filed an S-1 today to prepare to raise additional money and also to focus and couple that with uplisting on NASDAQ to become a full-fledged company trading on NASDAQ. So we have a lot of activity going on right now. We're a small group, but very seasoned engineering organization, and we're doing something that's very unique in the market that we think will be disruptive when we get there. So on slide four, you'll see the key message then is this new disruptive high-voltage capability, this vertical GAN capability as opposed to lateral or horizontal GAN that you might see from Navitas or GAN systems. Our vertical GAN is actually enabling us to scale to higher voltages And in so doing, really be in a position to compete with a costlier silicon carbide technology. And we'll go through more of that today with you and some of the challenges that we think are facing silicon carbide that present opportunities for us. This is a rapidly growing market, so we think it's as big as the low voltage side, you know, and the high voltage side will be in the same range of about 2.5 billion or so by 2025. Again, we have a seasoned team that's working in this area, a small organization. You know, it's only 15 people or so, but we think we're well-positioned with the technology to leverage it now, and, you know, we're going to be bringing in new sales and marketing, a new CEO, and orientation toward now selling the product that we're just about finished with developing. So our near-term strategy is to be able to sample product. We think We should be able to do that by the end of the quarter here, maybe as early as next week based on material that's in flight in the FAB right now. And we have additional new raw material ready to launch another flight and have that back within three weeks or so of finishing the flight that's in production right now. So that's why we're fairly confident we can get this out by the end of the quarter. And we can go into that in more depth if people want to. Our longer-term growth strategy is just to bring this technology to market and try to display silicon carbide in a lot of different areas in high voltage. We think there's significant advantages to using GaN technology that primarily focus on being more power efficient and being able to be used in a smaller form factor and be more cost-efficient overall for the people who choose to deploy with GAN. On the next slide, I think I'll turn it over to Rick here and have him take you through slide five on power conversion applications from there. Rick?