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Panasas Appoints Barbara Carlson Vice President of Worldwide Sales

Carlson to Drive Panasas' Growing Leadership in High-Performance Storage Solutions for Commercial, Government and University HPC Applications

FREMONT, Calif. — March, 16 2006 — Panasas Inc., today announced Barbara Carlson has been appointed vice president of worldwide sales. Carlson will be responsible for building a world-class sales organization and accelerating Panasas' revenue growth. With more than 20 years of executive sales management experience, Carlson will work to ensure Panasas’ sales goals and strategies are tightly aligned with the company's objectives.

Carlson joins Panasas from EMC Corporation where she was responsible for an annual revenue quota in excess of a hundred million dollars. While at EMC, Carlson led a team that closed that company's largest U.S. integrated services solution sale in 2004. As the regional sales director for Silicon Graphics, Inc., Carlson led the highest revenue generating region in the U.S. and achieved the President Club Award for four consecutive years. In her 14 year tenure at Digital Equipment Corporation, she held a range of senior sales, sales management and corporate marketing positions, achieving numerous Decathlon Awards for sales excellence. Carlson holds a bachelor's degree from Purdue University and an Executive MBA from Stanford University's Graduate School of Business.

"We continue to build a strong executive bench, adding success-driven leaders such as Barbara Carlson who will help Panasas capture a growing market opportunity for next-generation storage solutions," said Victor Perez, president and CEO at Panasas. "Barbara brings a proven ability to drive revenue growth, develop sales strategies to capture new market opportunities and establish processes that ensure sales operations run smoothly."

"It was clear in talking with people throughout the industry as well as customers and partners that Panasas was a special organization," said Carlson. "We will strive to align our business with customers' needs and be diligent in delivering solutions and services that surpass customers' expectations. Through this commitment we will drive the type of revenue growth and business performance that will help take Panasas to the next stage in its evolution."

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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