FREMONT, CA — April 3, 2008 — Panasas, Inc., the global leader in parallel storage solutions for the high-performance storage market, announced today that Gartner, Inc. named Panasas to the "Visionaries" Quadrant in the research firm’s first Magic Quadrant report for midrange and high-end Network-Attached Storage (NAS) solutions. Panasas has installed its products in more than 30 countries across six continents as parallel storage is being adopted globally as the preferred solution for high performance computing environments.

"The adoption of parallel storage continues to accelerate for organizations seeking faster time to market due to the unique ability of parallel storage to accelerate application throughput. The industry’s adoption of the Parallel NFS (pNFS) standard, the most significant enhancement to the NFS standard in the last decade, will dramatically increase the market for parallel storage systems," said Victor Perez, Panasas CEO. "Panasas customers know they can immediately realize the performance, manageability, and scalability benefits of pNFS by deploying Panasas ActiveStor parallel storage today."

Panasas ActiveStor parallel storage includes the embedded PanFS™ parallel file system that enables parallel data transfers from compute nodes to the Panasas storage system which results in accelerated time to results for organizations running data-intensive applications. For more information, please visit www.panasas.com/mq.

About the Magic Quadrant

The Magic Quadrant is copyrighted 2008 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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.