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Panasas to Speak at 10TH Annual Needham & Company, LLC Growth Stock Conference

WHAT: Panasas, Inc., the leader in parallel storage solutions for the High Performance Computing market, will be presenting at the 10th Annual Needham & Company Growth Stock Conference. The event, hosted by Needham & Company, is the largest and best attended growth-stock conference, and focuses on the storage networking, disk drives, distribution and EMS and IT Hardware sectors, in addition to other technology industries.

SPEAKER: Victor Perez, chief executive officer of Panasas, will discuss the emergence of the parallel storage market and provide an overview of Panasas' strategy for accelerating the success of its Panasas ActiveStor Parallel Storage Cluster products.

WHEN: The conference will be held on January 8 through 11, 2008. Perez's presentation is taking place on January 10 at 4:30 P.M. Eastern Standard Time.

WHERE: The New York Palace Hotel; 455 Madison Avenue, New York, NY 10022

WHY: Needham & Company investors interested in growth markets can meet with 400 technology company executives for market and sector insight. For more information on the conference please visit http://www.needhamco.com.

About Panasas

Panasas, Inc., the global leader in parallel storage solutions, helps commercial, government and academic organizations accelerate their time to results leading to real world breakthroughs that improve people’s lives. Panasas’ high-performance storage systems enable customers to maximize the benefits of Linux clusters by eliminating the storage bottleneck created with legacy network storage technologies. Panasas ActiveStor Parallel Storage Clusters, in conjunction with the ActiveScale® Operating Environment and PanFS™ parallel file system, offer the most comprehensive portfolio of storage solutions for High Performance Computing (HPC) environments. Panasas is headquartered in Fremont, California. For more information, please visit www.panasas.com.

Panasas, ActiveScale, DirectFLOW and PanFS are trademarks or registered trademarks of Panasas, Inc. All other trademarks are the property of their respective owners.

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