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MOSAID Technologies (TSX:MSD) to Release Second Quarter Fiscal 2012 Results on November 23, 2011

(November 16, 2011)

OTTAWA, ONTARIO -- (Marketwire) -- 11/16/11 -- MOSAID Technologies Inc. (TSX:MSD) will issue a news release on the Company's second quarter results for fiscal 2012 on Wednesday, November 23, 2011, after market close. As the Company has entered into an Arrangement Agreement with Sterling Partners, pursuant to which Sterling will acquire all the outstanding common shares of MOSAID for a cash payment of $46.00 per share, the Company will not hold an analyst conference call or webcast.

About MOSAID

MOSAID Technologies Inc. is one of the world's leading intellectual property companies. MOSAID licenses patented intellectual property in the areas of semiconductors and communications technologies, and develops semiconductor memory technology. MOSAID counts many of the world's largest technology companies among its licensees. Founded in 1975, MOSAID has offices in Ottawa, Ontario and Plano, Texas. For more information, visit www.mosaid.com and http://InvestorChannel.mosaid.com

Contacts:
Michael Salter
Senior Director, Investor Relations
and Corporate Communications
613-599-9539 x1205
salter@mosaid.com



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