OTTAWA, April 30 /CNW Telbec/ - MOSAID Technologies Inc. (TSX:MSD), a
leading intellectual property development and licensing company, today
strengthened its executive team with the appointment of Joseph R. Brown to the
position of Chief Financial Officer. Mr. Brown succeeds Richard D. Boadway,
who served as MOSAID's CFO since 1997.
"Mr. Brown has the skills, experience and drive needed to move us forward
as an aggressive, growth-oriented intellectual property company, tightly
focused on memory and wireless patent licensing, and advanced technology
research and development," said John Lindgren, President and Chief Executive
Officer, MOSAID. "Further, Joe provides us with invaluable continuity as we
embark on this next phase of MOSAID's transformation."
Since joining the Company in 1988, Mr. Brown has held increasingly senior
roles in MOSAID's finance group, most recently as Vice President, Finance. In
his new role as Chief Financial Officer, Mr. Brown will be responsible for
managing the Company's financial strategy and operations, including reporting
requirements and treasury functions. Prior to joining MOSAID, Mr. Brown was
with Price Waterhouse chartered accountants. Mr. Brown is a Certified General
Accountant and holds a Bachelor of Commerce from Carleton University.
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 an office in Santa Clara, California.
For more information, visit www.mosaid.com.
For further information:
For further information: Investor Inquiries: Michael Salter, Director,
Corporate Communications, (613) 599-9539 x1205, email@example.com; Media
Inquiries: Colleen McGuire, Communications Specialist, (613) 599-9539 x1228,