2002 News Releases

"FOR IMMEDIATE RELEASE"

MOSAID Launches the MS4205e^x

Systems Division Introduces Fifth Generation high performance Memory Test System

OTTAWA, Ontario, Canada – July 15, 2002 – MOSAID Technologies Incorporated's Systems Division (TSE:MSD) today launched the MS4205e^x General Purpose Memory Test System. The MS4205e^x is being demonstrated this week at Semicon West 2002 (Booth #9606) in San Jose, California.

The MS4205e^x is designed to meet the industry's increasing demands for engineering test and analysis of high-speed memories. The system offers test speed scalability up to 416 MHz/832 Mbps and Data I/O widths of 18 or 36 channels aimed at meeting QDR and DDR test requirements.

"With continued advances in memory technology and the cost sensitive nature of memory test, the MS4205e^x is a highly accurate and cost-effective test solution," said Glenn Evans, General Manager of MOSAID Systems. "Our initial customer feedback shows that the MS4205e^x is the right combination of hardware performance and software functionality at the right price, reflecting MOSAID's commitment to developing products that meet the industry's needs."

The MS4205e^x provides users with time saving features aimed at enhancing user productivity and increasing test engineering efficiency:

• The Graphical Sequence Editor (GSE) permits users to rapidly create and modify test patterns for any type of memory using simple Windows-based tools and facilities, greatly reducing development time and commensurately increasing tester and engineering availability to work on actual device issues.
  
  
• The Bitmap capture feature allows bitmaps to be captured at maximum tester speed into a compressed database. Bitmaps can then be reviewed with a powerful set of real-time analysis tools, reducing the time needed to generate these views to a few seconds.

The MS4205e^x is a small footprint, laboratory-sized test system comprised of a tester cabinet with a small, lightweight remote test head, and a Microsoft® Windows based PC System Controller.

Based upon configuration, the MS4205e^x ranges in price from US$450,000 to US$750,000 with a typical delivery time of 12 weeks.

Glenn Evans, General Manager of the MOSAID Systems Division will be available to brief media and analysts, and provide demonstrations of the MS4205e^x, testing DDR SDRAM and QDR SRAM devices at Semicon/West 2002, in San Jose, California.

About MOSAID
MOSAID Technologies Incorporated is an independent semiconductor company operating through three divisions:

• Semiconductor – a fabless provider of networking chips
• Intellectual Property – a licensor of intellectual property to semiconductor manufacturers worldwide
• Systems – the leading supplier of engineering memory test and analysis systems to memory manufacturers, foundries and fabless chip companies.

Founded in 1975, MOSAID is based in Ottawa, Ontario, Canada, with offices in Santa Clara, California; Newcastle upon Tyne, U.K; and Tokyo, Japan. For more information, visit the Company’s web site at www.mosaid.com.

Forward Looking Information
This document may contain forward-looking statements relating to the Company’s operations or to the environment in which the Company operates. Such statements are based on current expectations that are subject to a variety of risks and uncertainties that are difficult to predict and/or beyond MOSAID’s control. Actual results may differ materially from those expressed in any forward-looking statements, due to factors such as customer demand and timing of purchasing decisions, product and business mix, competitive products, pricing pressures as well as general economic and industry conditions. MOSAID assumes no obligation to update these forward-looking statements, or to update the reasons why actual results could differ from those reflected in any forward-looking statements. Additional information identifying risks and uncertainties is contained in other public filings with the Ontario Securities Commission.

For more information, please contact:

Investor Inquiries Heidi Vincent Director, Investor Relations & Communications 613-599-9539 x1205 vincent@mosaid.com

Media Inquiries Sara Haskill Communications Specialist 613-599-9539 x1228 haskill@mosaid.com