Panasas Success Overview

1. Panasas Success Overview • 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 storage • Storage system for Roadrunner top of top 500; Gibson lead PI of SciDAC PDSI • Panasas one of “Top 5 Vendors to Watch in 2009” at SC08 among 5 awards • Revenue growth of 48% for 1H09 vs. 1H08, rest of storage industry in decline • Unique strategy and products begin with the customer’s HPC objectives • Panasas has made critical investments in ISVs and research application software • Panasas customers are leaders in industry and research:

2. Panasas Recent Developments • 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: INDUSTRY RESEARCH 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