Odyssey Semcondctr Tech

Good day, ladies and gentlemen, and welcome to the Odyssey Semiconductor first quarter 2022 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 them 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 one on your telephone keypad. To withdraw your question, please press star then two. As a reminder, this event is being recorded. I would now like to turn the conference over to Jeff Christensen of Investor Relations. Please go ahead.

Thank you, Operator. Joining me today are John Edmonds, Chairman of the Board, Mark Davidson, CEO, and Rick Brown, Co-Founder, CTO, and Board Member. Earlier today, we issued a press release announcing our results for the first quarter. We'll start today's calls with prepared remarks from John, Mark, and Rick before moving into Q&A. 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 Edmonds, Chairman of the Board.

John Edmonds Thanks, Jeff. Now to provide a thumbnail sketch of Odyssey for those of you who are new to us, let me point out that we're a small development stage semiconductor company in Ithaca, New York, focused on developing vertical GAN high voltage conducting transistors for the electric vehicle, solar panel array, and high voltage motor markets. Even though we're small, we do have our own foundry right in Ithaca itself. We were fortunate to acquire the former bin optics foundry that eventually became available when they were acquired by Macom. In a way, we were also spawned out of Cornell, the university foundry and the School of Engineering. One of the founders, Dick Shealy, is a professor at Cornell, and Rick Brown, who's on the call with us today, was one of his grad students. and then went out into industry and came back and started working with Dick again. We pride ourselves on being one of the few GaN foundries offering foundry services in the country right now. For our own products, we're focused on GaN for higher power switching technology. So today, we're not trying to compete with companies like Navitas or Transform or GaN Systems. We're actually complementary to them. They're mostly focused on low power chargers and switching, and we're focused on 1200 volts and above voltage categories. Our technology will be important to the next generation battery packs for electric cars, as well as solar power inverters and high voltage industrial motors. You can see that we became public through a reverse IPO a couple of years ago. So far, we have been financed by two rounds of private placements, one in August of 2019 for 2.9 million, and one in March of 2021 for 5 million. In that regard, we believe we're undercapitalized at this point. Last quarter, we filed an S-1 to prepare to raise additional money and couple that offering with an uplisting application on NASDAQ. We will update the S-1 with our March 31st financials next week, and we continue to clear questions from NASDAQ. We may also raise money on a bridge loan while we buy time for more news of our progress on the product in a relatively calmer market in which to price and close an offering. that will make sense. Now I'll turn it over to Mark Davidson, our new CEO, as he would like to make a few comments today. Mark?