MOSAID and Micron Settle Patent Litigation

Micron Technology, Inc. and MOSAID Technologies Inc. (TSX:MSD) today announced that the companies have entered into agreements whereby Micron will license MOSAID's patent portfolio and MOSAID will acquire 400 Micron patents. The agreements settle all of the pending litigation between the companies.

Under the terms of the patent license agreement, Micron receives a 10-year license to certain of MOSAID's patents, including a life-of-patents license for all such patents through a defined capture period and a term license for subsequent patents. Micron's Dynamic Random Access Memory (DRAM), Flash, and other memory and image sensor products are licensed under the agreement. Micron will make a series of fixed cash payments to MOSAID.

Under the patent transfer agreement, MOSAID will acquire title to 400 Micron patents. The portfolio consists of patents related to DRAM, Flash memory, and semiconductor process technology. In the first four quarters after the effective date, MOSAID will make fixed payments to Micron, which amount will be credited against future payment obligations to Micron pursuant to royalty revenue sharing terms. All other terms and conditions of the patent license agreement and the patent purchase agreement are confidential.

"By settling the litigation and signing a patent license agreement with Micron, one of the world's largest DRAM producers, we have achieved our goal of licensing virtually 100% of the global commodity DRAM market to our patents," said John Lindgren, President and Chief Executive Officer, MOSAID. "The transfer of a large number of patents from Micron - an innovative company that is known for the strength of its patents - will contribute greatly to MOSAID's semiconductor patent licensing program."

"We are pleased with the accord Micron has reached with MOSAID. These agreements provide us with a license to MOSAID's patents while providing the opportunity for substantial value over time in recognition of Micron's industry-leading innovations," said Rod Lewis, Micron's Vice President of Legal Affairs and General Counsel.

Micron and MOSAID have been engaged in patent infringement litigation since July 2006. The two companies have agreed to file a joint motion in the U.S. District Court for the Northern District of California to dismiss with prejudice all claims.

Management will hold a conference call and webcast on Monday, February 2, 2009 at 5:00 p.m. EST to discuss the settlement and agreements with Micron, and other licensing activities. The webcast will be live at www.mosaid.com and may also be accessed by dialing 1-800-264-7882. The webcast will be available on MOSAID's web site for 90 days following the event.

About MOSAID
MOSAID Technologies Inc. is one of the world's leading intellectual property companies. MOSAID develops semiconductor memory technology and licenses patented intellectual property in the areas of semiconductors, and wired and wireless communications systems. MOSAID counts many of the world's largest technology companies among its licensees. Founded in 1975, MOSAID is based in Ottawa, Ontario.

For more information, visit www.mosaid.com.