PANASAS NAMES LEN ROSENTHAL CHIEF MARKETING OFFICER

Rosenthal to Drive Global Marketing for Panasas’ High-Performance Storage Solutions

FREMONT, CA — October 10, 2006 — Panasas, Inc. today announced Len Rosenthal has joined the company as chief marketing officer. Rosenthal will be responsible for driving global marketing strategies to accelerate the adoption of Panasas clustered storage solutions in High Performance Computing (HPC) markets. Rosenthal brings more than 20 years of marketing and business development experience to the Panasas management team.

Rosenthal joins Panasas from QLogic Corporation, a leading supplier of storage networking products. In April 2006, QLogic acquired PathScale Corporation, where Len was co-founder and served as vice president of marketing and business development. Rosenthal established PathScale as one of the most well-known and respected technology suppliers in the HPC industry, ultimately leading to the successful acquisition by QLogic. Before co-founding PathScale, Rosenthal directed global partnerships with system platform vendors, system integrators, and value-added resellers at Inktomi Corporation. His experience also includes senior marketing management roles at Silicon Graphics Computer Systems and Hewlett-Packard. Rosenthal holds a dual bachelor’s degree in Economics and Electrical Engineering from the University of Pennsylvania and a MBA from Haas School of Business, University of California at Berkeley.

“As Panasas continues to capture the growing market for next-generation storage solutions, Rosenthal’s management and corporate marketing expertise will be a key component in strengthening our global market presence,” said Victor Perez, Panasas president and CEO. “The addition of a computer industry veteran with Len‘s extensive marketing and business development experience provides Panasas and its partners with a new level of competitive capabilities to identify and quickly react to market opportunities.”

“With its leading-edge technology, proven solutions and extensive customer base in commercial, government and university markets, Panasas is the defacto choice for Linux cluster users who require high-performance clustered storage,” said Rosenthal. “I look forward to working with Panasas customers and strategic partners to continue the acceptance of Panasas’ solutions in High Performance Computing markets.”

About Panasas

Panasas, Inc. helps companies and organizations accelerate their time to results, leading to real world breakthroughs that improve people’s lives. Panasas enables customers to maximize the benefits of Linux clusters by breaking down the storage bottleneck created by legacy network storage technologies. Through the delivery of the company’s Storage Cluster platform, which combines industry-standard hardware with the company’s ActiveScale File System and professional services, the company has become the established leader in object-based, clustered storage. Panasas is headquartered in Fremont, Calif., with development facilities in Pittsburgh, Pa. For more information, please visit http://www.panasas.com