Mosaid gets into WiFi patent game, sues 17 companies including Dell, Canon, Asus, and RIM

MOSAID Files Wireless Patent Infringement Litigation
OTTAWA, Ontario – March 17, 2011 – MOSAID Technologies Inc. (TSX:MSD) today announced that it has initiated wireless patent infringement litigation against here companies: AsusTek Computer Inc.; Atheros Communications, Inc.; Canon U.S.A., Inc.; CSR plc; Dell, Inc.; Digi International Inc.; Huawei Technologies Co., Ltd.; Intel Corporation; Lexmark International, Inc.; Marvell Semiconductor, Inc.; Murata Manufacturing Co., Ltd.; Ralink Technology Corporation; Realtek Semiconductor; Research in Motion Corporation; Wasp Barcode Technologies, Ltd.; Wistron Corporation; and Venture Research, Inc. The suit was filed on March 16, 2011 within the Usa District Court for the Eastern District of Texas, Marshall Division.

MOSAID believes that the corporations have infringed and continue to infringe MOSAID’s patents by making and selling products that agree to or implement the IEEE 802.11 family of communications standards, called Wi-Fi. The factors-essential patents in suit are MOSAID’s U.S. Patent Nos. 5,131,006; 5,151,920; 5,422,887; 5,706,428; 6,563,786 B1; and six,992,972.

“Since 2008, we have now licensed our portfolio of wireless patents and applications to fifteen companies that experience recognized the worth of this intellectual property,” said John Lindgren, President and CEO, MOSAID. “We believe that every one companies offering products that implement the Wi-Fi standard require a license to our wireless patents.”

About MOSAID
MOSAID Technologies Inc. is among the world’s leading intellectual property companies. MOSAID develops semiconductor memory technology and licenses patented intellectual property within the areas of semiconductors and telecommunications systems. MOSAID counts lots of the world’s largest technology companies among its licensees. Founded in 1975, MOSAID relies in Ottawa, Ontario. For additional info, visit www.mosaid.com and the InvestorChannel.mosaid.com.

Forward Looking Information
This document and sure other public documents incorporated by reference on this document, contain forward-looking statements to the level they relate to MOSAID or its management, including those identified by the expressions “anticipate,” “believe,” “foresee,” “estimate,” “expect,” “intend,” “could,” “may,” “plan,” “will,” “would” and similar expressions. Similarly, statements on this document that describe MOSAID’s business strategy, outlook, objectives, plans, intentions or goals are also forward-looking statements. These forward-looking statements are usually not historical facts, but rather reflect MOSAID’s current expectations regarding future events. These forward-looking statements are subject to numerous risks and uncertainties that might cause actual results, performance or achievements to vary materially from those in such forward-looking statements. Assumptions made in preparing forward-looking statements and monetary guidance include, but aren’t limited to, the next: MOSAID’s continued expansion of its patent portfolio and of its opportunities for future patent licensing revenue via MOSAID’s acquisition of patents from third parties and from development of latest inventions; DRAM manufacturers continuing to infringe MOSAID’s patents; the timing and amount of MOSAID’s litigation expenses; MOSAID’s ability to sign new patent licensees; current assumptions as to the identification of goods which might be unlicensed to MOSAID’s wireless patents; and the timing and amount of MOSAID’s Research & Development expenses.

Factors which may cause actual results to vary materially from expected results include, but aren’t limited to, the subsequent: MOSAID’s ability to barter settlements with licensees; legal rulings and/or regulatory investigations, audits or complaints having an adverse impact at the validity, enforceability, royalty rates, potential royalty rates, and strength or breadth of coverage of MOSAID’s essential and/or nonessential patents (including, but not limited to, adverse results from litigation or proceedings in patent offices and government regulatory agencies in various countries around the globe); judicial, legislative or regulatory changes that impair the power of patent holders to earn licensing revenues; worldwide economic conditions and insist for technology products; economic, social, and political conditions both globally and within the countries within which MOSAID or patent licensees operate, including conflict, war and, other security risks, medical conditions, possible disruptions in transportation networks and fluctuations in foreign currency echange exchange rates; non-payment or delays in payment by or insolvency of licensees or other debtors; variability in patent licensees’ sales of licensed products; failure to keep and enforce MOSAID’s existing patent portfolio, or failure to acquire valuable patents because of R&D activities, or failure to obtain valuable patents from third parties; MOSAID’s ability to recruit and retain skilled personnel; change in MOSAID’s financial position; consolidation of MOSAID’s licensees; natural events, resembling severe weather and earthquakes inside the locations wherein MOSAID or patent licensees operate; and changes within the tax rate applicable to MOSAID because the results of changes within the tax law within the jurisdictions during which profits are determined to be earned and taxed, the end result of tax audits and the facility to understand deferred tax assets.

Except as can be required by applicable law or stock exchange regulation, we undertake no obligation to update publicly or release any revisions to those forward-looking statements to mirror events or circumstances after the date of this document or to mirror the occurrence of unanticipated events. More information identifying risks and uncertainties affecting MOSAID’s business and other factors which can cause MOSAID’s financial results to fluctuate are contained in MOSAID’s Annual Information Form, under the section entitled “Risk Factors,” and in MOSAID’s other public filings available online at www.sedar.com.