OTTAWA, April 9 /PRNewswire-FirstCall/ -- MOSAID Technologies Incorporated (TSX:MSD) today announced the appointment of John C. Lindgren as the Company's new President and Chief Executive Officer, effective immediately. Mr. Lindgren succeeds George Cwynar, who has served as MOSAID's President and CEO since 1994.

MOSAID also announced the appointment of Carl Schlachte, President and CEO of ARC International , as Chairman of the Board of Directors, effective immediately. Mr. Schlachte succeeds Thomas I. Csathy, who has served on MOSAID's board for 16 years. Mr. Csathy was appointed Vice Chairman of the Board in 1992 and has served as Chairman since 2002.

Richard D. Boadway, Chief Financial Officer since 1997 and Executive Vice President since 2003, will also be leaving the Company, following the orderly transfer of his responsibilities.

Mr. Cwynar, Mr. Csathy, and Mr. Boadway will also continue to serve as Directors on MOSAID's board during a transition period.

"Mr. Lindgren is an internationally experienced executive with a track record of success in semiconductor patent licensing and litigation," said Mr. Schlachte. "Since joining MOSAID in November 2006 as Senior Vice President Patent Licensing, General Counsel and Corporate Secretary after a 20-year career with Texas Instruments, John has demonstrated the leadership qualities that are required to take MOSAID forward as a focused intellectual property company."

Mr. Lindgren was heavily involved in patent licensing for the majority of his career at Texas Instruments. He was also responsible for company-wide legal support for the Asia Pacific region and served as Senior Regional Counsel for Texas Instruments Japan in Tokyo for two years. Prior to that, as a key member of TI's patent cross-licensing team, Mr. Lindgren helped drive the licensing strategy that resulted in the collection of over US$2 billion in royalties.

MOSAID also announced today that the Company and its investment bankers are continuing the strategic review of its Semiconductor IP product business, which designs and licenses semiconductor IP circuit blocks. The alternatives under consideration include a potential sale of this business.

"I look forward to communicating with MOSAID's shareholders as we embark on this new phase in the Company's growth," said Mr. Lindgren. "By focusing on our core patent licensing competencies, I believe we can execute more efficiently and achieve greater shareholder value. We will also continue our ongoing review of MOSAID's strategic alternatives."

MOSAID's board expresses its sincere appreciation for the many years of inspired and dedicated leadership given by Messrs. Cwynar, Boadway and Csathy. During their tenure, these three executives developed MOSAID into an internationally recognized and highly profitable intellectual property development and licensing company.

Mr. Cwynar, one of Canada's longest serving technology executives, joined MOSAID 13 years ago and guided its transition from a semiconductor memory design house and tester manufacturing operation into the intellectual property company it is today. Mr. Csathy, who was named a Director in 1991, led MOSAID through a formative phase that included its initial public offering in 1993 and continually set and maintained high corporate governance standards. Mr. Boadway, a key member of the executive team since joining the Company as CFO in 1997, has provided a very high standard of financial stewardship and was instrumental in leading MOSAID through the technology downturn in 2001 and during its re-emergence as a growth-oriented company.

About MOSAID ------------

MOSAID Technologies Incorporated makes semiconductors better through the development and licensing of intellectual property. MOSAID counts many of the world's largest semiconductor companies among its customers. Founded in 1975, MOSAID is based in Ottawa, Ontario, with an office in Santa Clara, California. For more information, visit http://www.mosaid.com/.

Forward Looking Information

This document and certain other public documents incorporated by reference in this document, contain forward-looking statements to the extent they relate to MOSAID or its management, including those identified by the expressions "anticipate," "believe," "foresee," "estimate," "expect," "intend," "could," "may,", "plan," "will," "would" and similar expressions. Similarly, statements in this document that describe MOSAID's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. These forward-looking statements are not historical facts, but rather reflect MOSAID's current expectations regarding future events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results, performance or achievements to differ materially from those in such forward-looking statements. Assumptions made in preparing forward-looking statements and financial guidance include, but are not limited to, the following: MOSAID's continued expansion of its patent portfolio and of its opportunities for future patent licensing revenue as a result of MOSAID's acquisition of patents from third parties and from development of new inventions; DRAM manufacturers continuing to infringe MOSAID's patents; the timing and amount of MOSAID's litigation expenses; MOSAID's ability to sign new patent licensees; current assumptions as to the identification of products that are unlicensed to MOSAID's wireless patents; the value proposition associated with MOSAID's products relative to its competition in the market; the timing and amount of MOSAID's Research & Development expenses; the timing of MOSAID's new product introductions; MOSAID's ability to develop, manufacture, and market innovative products in a rapidly changing technological environment; and MOSAID's ability to maintain and enhance existing customer relationships.

Factors that could cause actual results to differ materially from expected results include, but are not limited to, the following: declines or unexpected variations in market growth rates for MOSAID's products; the extent of embedded DRAM proliferation in the System-on-a-Chip markets; variability in customer deployment schedules from quarter to quarter; shifts in the mix of MOSAID products sold; legal rulings and/or regulatory investigations or complaints having an adverse impact on the validity, enforceability, potential royalty rates, and strength or breadth of coverage of MOSAID's essential and/or nonessential patents (including, but not limited to, adverse results from litigation or proceedings in patent offices and government regulatory agencies in various countries around the world); judicial, legislative or regulatory changes that impair the ability of patent holders to earn licensing revenues; economic, social, and political conditions in the countries in which MOSAID, its customers, suppliers, or patent licensees operate, including security risks, health conditions, possible disruptions in transportation networks and fluctuations in foreign currency exchange rates; non-payment or delays in payment by customers/licensees; variability in patent licensees' sales of licensed products, failure to maintain and enforce MOSAID's existing patent portfolio, or failure to obtain valuable patents as a result of research and development activities, or failure to acquire valuable patents from third parties; MOSAID's ability to recruit and retain skilled personnel; change in MOSAID's financial position; obsolescence of products or inappropriate targeting to markets that fail to materialize; inability to transition to new technologies to meet customer demand; variations in average sales cycles; key component supply restrictions and/or cost increases; critical industry transitions; consolidation of MOSAID's customers and/or licensees; natural events, such as severe weather and earthquakes in the locations in which MOSAID, its customers, suppliers, or patent licensees operate; changes in the tax rate applicable to MOSAID as the result of changes in the tax law in the jurisdictions in which profits are determined to be earned and taxed, the outcome of tax audits and the ability to realize deferred tax assets; and adverse impacts of the current strategic alternatives initiative on customer relationships, employee morale, or management's capacity to focus on business execution.

MOSAID assumes no obligation to update or revise any forward-looking statements. Additional information identifying risks and uncertainties affecting MOSAID's business and other factors that could cause MOSAID's financial results to fluctuate are contained in MOSAID's Annual Information Form, under the section entitled "Risk Factors," and in MOSAID's other public filings available online at http://www.sedar.com/.

CONTACT: Investor Inquiries: Michael Salter, Director, Corporate
Communications, (613) 599-9539 x1205, salter@mosaid.com; Media Inquiries:
Colleen McGuire, Communications Specialist, (613) 599-9539 x1228,
mcguire@mosaid.com