FREMONT, Calif. — September 20, 2004 — Panasas, Inc., the leader in scalable network storage for Linux clusters, today announced that it has been awarded an annual Computerworld Innovative Technology Award. The Panasas ActiveScale Storage Cluster was identified for its ability to simplify manageability and boosted performance for scalable Linux clusters at leading organizations in industries ranging from government research to oil and gas exploration to media and entertainment.

"We are honored to receive this award, as it is a reflection of the value our customers have received from the Panasas Storage Cluster," said Victor Perez, president and CEO of Panasas. "Our customers realize that providing a storage solution tailored for Linux maximizes the capabilities of their cluster computing environment."

"Our award winners this year should be recognized for creating products that truly are revolutionary for their customers," said Don Tennant, editor in chief of Computerworld. "These companies have not only developed 'cool' products, but ones that solve real business problems and have produced measurable pay back for customers."

The Panasas ActiveScale Storage Cluster is the premier storage system for scalable Linux clusters. Built on an object-based storage clustering architecture, Panasas delivers exceptional scaling in capacity and performance while extending appliance-like ease of management. It is the first storage system optimized for Linux cluster computing environments.

The Innovative Technology Awards program is conducted annually by IDG's Computerworld, the Voice of IT Management. The awards honor leading-edge technology that provides measurable business value to end-user organizations. Vendors are nominated for consideration by information technology end users that do not produce or sell technology. Nominees for the awards are then surveyed about their technology innovations, and a panel of outside experts and Computerworld editors reviews the surveys and chooses 30 winners in 12 categories.

About Panasas

Formed in 2000, Panasas, Inc. is the pioneering leader in object-based storage clustering for scalable Linux clusters. Panasas offers a networked storage solution that eliminates the inherent scalability bottlenecks in capacity and performance experienced by traditional networked storage systems. The system, based on industry standards, is designed to easily and cost-effectively integrate into existing IT environments. The company's headquarters are in Fremont, CA with development facilities in Pittsburgh, PA and Houston, TX.

About Computerworld

Computerworld, the "Voice of IT Management," is the most trusted source for critical information needs of senior IT management. Computerworld's integrated offerings form the U.S.-based hub of the world's largest (58-edition) global IT media network through its weekly publication, Computerworld.com website, focused conference series and custom research. In the past five years alone Computerworld has won more than 100 print and online awards for editorial and design excellence, surpassing its direct competition by an order of magnitude. Recognition includes the 2004 Magazine of the Year Award from the American Society of Business Publication Editors and a Jesse H. Neal Award for "Best News Coverage." In print since 1967, Computerworld is the source for information technology management with a guaranteed rate base of 180,000, a total print audience of 1,869,000 (IntelliQuest CIMS v.10.0), and an online audience of over one million unique monthly visitors (DoubleClick).

Computerworld is a business unit of International Data Group (IDG), the world's leading technology media, research and event company. A privately-held company, IDG publishes more than 300 magazines and newspapers including Bio-IT World, CIO, CSO, Computerworld, GamePro, InfoWorld, Network World, and PC World. The company features the largest network of technology-specific Web sites with more than 400 around the world. IDG is also a leading producer of more than 170 computer-related events worldwide including LinuxWorld Conference & Expo®, Macworld Conference & Expo®, DEMO®, and IDC Directions. IDC provides global market research and advice through offices in 50 countries. Company information is available at http://www.idg.com.