PanGo Appoints New CFO; Active RFID Market Leader Bolsters Executive Team

FRAMINGHAM, Mass.--(BUSINESS WIRE)--July 5, 2005--PanGo Networks (www.pangonetworks.com) today announced that Susan Ledoux has recently joined the company as Chief Financial Officer and Vice President of Finance. Ledoux brings 17 years of experience in accounting and operational excellence for public and private international technology companies. She was most recently CFO of Chantry Networks, a private VC-funded software developer for wireless networks where her extensive technical, analytical and communications skills contributed greatly to the company's successful acquisition by Siemens.

"PanGo's leading technology, extensive industry alliances and superior business model are complemented by the leadership and excellence of our proven management team," said President and Chief Executive Officer, Mike McGuinness. "We are pleased to add Susan to this team as her financial acumen, strategic insight and experience in the high tech sector will be key assets as we continue to move forward with an aggressive growth strategy."

“We are pleased to add Susan to this team as her financial acumen, strategic insight and experience in the high tech sector will be key assets as we continue to move forward with an aggressive growth strategy.”

Prior to Chantry, Ledoux was CFO & Treasurer of Firepond, Inc., a publicly traded provider of software solutions. As the company's corporate controller, Ledoux played an instrumental role in Firepond's successful $110 million IPO in February, 2000. She also held several strategic roles as controller at a number of public and privately-held companies, including Integrated Computing Engines, a developer of multiprocessing software and hardware, and CIC Systems, a national computer reseller. Ledoux also served as a senior auditor at Ernst & Young.

Ledoux earned her MBA from Babson College and a bachelor's degree from Bentley College. She is a member of the American Institute of Certified Public Accountants.

About PanGo Networks

PanGo Networks(R) is a recognized leader for location-aware wireless systems for the enterprise market. PanGo's software solutions transform off-the-shelf 802.11 infrastructure into a platform for intelligent applications, solving real-world problems today. Through its flagship PanOS(R) Platform and mobile applications, PanGo offers the industry's first comprehensive location-based system for real-time asset visibility and context-aware information delivery.

Specializing in a range of markets including healthcare, manufacturing, higher education, visitor attraction and government, PanGo delivers reliable and accurate information about the location of connected devices, people and assets. PanGo's location-aware systems enable optimal information management and workflow, and provide measurable and significant return on investment. For more information, visit http://www.pangonetworks.com.