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From the look of it you use the client which sends your recipient a small file via email to the recipient. The file contains the location of your content which can be downloaded using a the same pando client.
From the looks of things it uses p2p technologies to create a private download network.
Looks pretty cool I think I will try it next time i have a large file to transfer.
http://www.pando.com/beta/
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Nic
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