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 leader in high-performance scale-out NAS storage solutions, enables enterprise customers to rapidly solve complex computing problems, speed innovation and bring new products to market faster. All Panasas solutions leverage the patented PanFS™ storage operating system to deliver exceptional performance, scalability and manageability. Panasas systems are optimized for demanding storage environments in the energy, government, finance, manufacturing, bioscience and higher education industries. For more information, visit www.panasas.com.