PANASAS NAMES BRUCE LEITH MANAGING DIRECTOR, INTERNATIONAL

Leith to Expand Panasas' Customer Base and Partnerships in Europe, the Middle East, Africa and Asia-Pacific.

FREMONT, CA — January 18, 2007 — Panasas, Inc., the leader in clustered storage solutions for the High Performance Computing (HPC) market, today announced Bruce Leith has joined the company as the managing director, international, responsible for Europe, Middle East and Africa (EMEA) and Asia-Pacific (APAC). Leith will be responsible for sales, marketing and business development efforts in EMEA and APAC. Leith brings more than 25 years of general management experience with extensive international knowledge in the software and computer systems industry to the Panasas management team.

Most recently, Leith held senior management roles at Fair Isaac/London Bridge Software including international managing director and vice president of strategic partners where he was responsible for managing strategic partnerships, recruiting sales and management teams, opening new sales offices and acquiring new customers. Leith’s career also includes 13 years of sales management experience at IBM. Leith holds a Higher National Diploma (HND) in Business Studies and Computing from Twickenham College of Technology.

"As we continue to increase our global market presence, Leith’s track record of building strong teams and his customer focus will ensure Panasas’ continued sales momentum in international markets," said Victor Perez, president and CEO at Panasas. "His extensive experience building international operations and forming strategic partnerships will be a tremendous asset to our company and our worldwide market presence."

"Panasas ActiveStor Storage Clusters are experiencing tremendous customer adoption globally due to their unique ability to dramatically increase the performance of applications deployed on Linux-based clusters." said Leith. "I look forward to introducing the superior I/O performance and reliability of Panasas storage products to HPC end-users and partners in EMEA and APAC."

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 ActiveStor Storage Cluster platform, which combines industry-standard hardware with the company’s ActiveScale PanFS parallel file system and professional services, the company has become the established leader in object-based, clustered storage. Panasas is headquartered in Fremont, CA, with development facilities in Pittsburgh, Pa. For more information, please visit http://www.panasas.com