MOSAID Completes Sale of Memory Test Assets to Teradyne

OTTAWA, Ontario – March 28, 2007 - MOSAID Technologies Incorporated (TSX: MSD) today announced that the Company has concluded the sale of certain assets of its Systems Division's automatic test equipment (ATE) business to Teradyne, Inc. (NYSE:TER) for $20 million in cash.

MOSAID will wind down its remaining ATE business by April 30, 2007 and has arranged with EPM Test Incorporated to provide ongoing sales, support and service for the installed base of MOSAID memory test systems. EPM Test is a new company founded by Altaf Padamshi, currently Director of Customer Technical Support for MOSAID Systems, and Robert Evans, currently Vice President of Sales, MOSAID Systems. The intention is that all of MOSAID Systems' existing purchase orders for training, service contacts and warranty and software support will be fulfilled by EPM Test.

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 offices in Santa Clara, California. For more information, visit www.mosaid.com.

About EPM Test
EPM Test is focused on sales, service and support for MOSAID Systems products. Our mission is to provide easy-to-use engineering memory test systems. EPM Test is based in Ottawa, Ontario with sales and support provided by a worldwide network of full service distributors. For more information contact Robert Evans at 831-439-9225 or evans@epmtest.com.