Slide 1 Panasas, Inc.

Private, venture-backed company based in Silicon Valley, founded in 1999 by CTO Garth Gibson – a Professor at CMU and Co-inventor of RAID

Panasas technology combines a parallel file system with a storage hardware architecture for the market’s first HPC storage appliance

Panasas has an established HPC industry leadership role in parallel storageStorage system for Roadrunner top of top 500; Gibson lead PI of SciDAC PDSIPanasas one of “Top 5 Vendors to Watch in 2009” at SC08 among 5 awardsRevenue growth of 48% for 1H09 vs. 1H08, rest of storage industry in decline

Unique strategy and products begin with the customer’s HPC objectivesPanasas has made critical investments in ISVs and research application software

Panasas customers are leaders in industry and research:

Panasas Success Overview

Slide 2 Panasas, Inc.

Apr 09: Reengineered product release of Series 7/8/9 including SSD

Jun 09: ActiveScale 3.4 40% improved single client ; IBM Power6; 4 TB blades

Gartner Aug 09 pNFS update: Storage vendors EMC, NetApp, and Panasas first

Reseller relationships strengthening with Dell, Penguin, SGI, and BULL under development PNNL 1st customer

Added 20+ new customers 1H09, including several high-profile organizations:

Panasas Recent Developments

Force India Formula 1 (UK)

GE Global Research (India)

Pratt & Whitney Canada

Procter & Gamble

Canon (Japan)

Clemson Univ CCMS – CAE Research

Queensland Dept Nat Resources & Water

Georgia Tech -- Systems Biology Research

Oklahoma Univ OSCER – Severe Storm Ctr

Pacific Northwest NL – Fuel Cell Research

INDUSTRY RESEARCH