The substitution of silicon carbide for conventional silicon semiconductors boosts the efficiency of an electric vehicle’s power electronics by enough to extend the driving range by about 6 percent, according to Alex Behfar, chairman and CEO of Odyssey Semiconductor Technologies, Inc. Making the next step to replace silicon carbide with gallium nitride (GaN) would yield a similar step improvement, representing a total 12 percent gain over today’s conventional silicon semiconductor-based EVs.
Lucid Motors is racing toward production of the Lucid Air luxury EV, which will employ silicon carbide semiconductors in its power electronics. Silicon carbide power inverters produce less heat and are less heat sensitive, so they have lower cooling demands, according to Lucid.
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ITHACA, N.Y., April 23, 2021 /PRNewswire/ Odyssey Semiconductor Technologies, Inc. ( Odyssey , Odyssey Semiconductor , or the Company ), a semiconductor device company developing innovative high-voltage power switching components based on proprietary Gallium Nitride (GaN) processing technology, today announced Odyssey insiders have provided more than 8.5% of the company s ongoing fundraising at $4 per share.
The company announced earlier this month it had raised $5 million (1.25 million shares at $4.00 per share) in a common stock private placement. The financing round will further fund the development and production of high-voltage vertically-conducting GaN power-switching devices.
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Revenues for fiscal year 2020 were $1.374 million.
Odyssey Semiconductor Technologies, Inc (OTCQB: ODII) Insiders Contribute 8 5% of Funding at $4 per Share prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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ITHACA, N.Y., April 1, 2021 /PRNewswire/
Odyssey Semiconductor Technologies, Inc. ( Odyssey , Odyssey Semiconductor , or the Company ), a semiconductor device company developing innovative high-voltage power switching components based on proprietary Gallium Nitride (GaN) processing technology, today announced it has 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. GP Nurmenkari, as consulted by Intuitive Venture Partners, acted as the exclusive placement agent. We welcome the new shareholders to Odyssey Semiconductor and their support in enabling more efficient and compact power conversion for applications such as electric vehicles, said Alex Behfar, Chairman and CEO of Odyssey Semiconductor. With the entire world focused on the adoption of clean energy and electric power, we re excited about the
Odyssey Semiconductor Technologies, Inc (OTCQB: ODII) Provides Preliminary Full Year 2020 Financial Results After Listing as a Publicly Traded Company prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.