MOSAID Creates Chief Technology Officer Role and Appoints Silicon Valley Veteran to Head Semiconductor IP Group

OTTAWA, Ontario, Canada – August 1, 2006 - MOSAID Technologies Incorporated (TSX: MSD) today announced two senior management appointments that will significantly strengthen the company’s core technology and semiconductor intellectual property (IP) product development programs.

The new position of Vice President and Chief Technology Officer will be filled by Peter Gillingham, formerly Vice President and General Manager, Intellectual Property Division. Peter will advise on technology trends, provide leadership on technology development strategies, conduct technology assessments of partnerships and potential acquisitions, and represent MOSAID at industry forums.

MOSAID has also appointed Michael Kaskowitz to the new position of Senior Vice President, Semiconductor IP. Michael has 25 years of technology and management experience in the embedded processing, IP, and electronic design automation (EDA) industries. Prior to joining MOSAID, he was President of the VSI Alliance, the leading Semiconductor IP standards body, and General Manger of Mentor Graphics’ IP and embedded software divisions. Michael also served as Vice President of Engineering at Sensory, Inc. and Cadence Design Systems, Inc.

“In creating these two new senior roles, we are building the management strength needed to keep the company at the forefront of technology and business development in the IP industry,” said George Cwynar, President and Chief Executive Officer, MOSAID.

“In his 17 year career at MOSAID, Peter Gillingham has made very significant contributions to our Semiconductor IP business and our patent licensing program. He is an internationally recognized engineer and inventor with important patents to his credit, and we look forward to the leadership he will provide as the first Chief Technology Office in MOSAID’s 31-year history,” said Cwynar. “Michael Kaskowitz is a seasoned professional with executive-level engineering, business development and management experience who knows all aspects of the Semiconductor IP industry. He has extensive experience in building intellectual property businesses and his skills in this area will greatly benefit MOSAID.”

About MOSAID
MOSAID Technologies Incorporated makes semiconductors better through the development and licensing of intellectual property and the supply of memory test and analysis systems. MOSAID counts many of the world's largest semiconductor companies among its customers. Founded in 1975, MOSAID is based in Ottawa, Ontario, with offices in Santa Clara, California, Newcastle upon Tyne, U.K, and Tokyo, Japan. For more information, visit www.mosaid.com.