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Soak cashews in water overnight, or in almost boiling water for 30 minutes. Drain.
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Cook pasta according to package directions. Drain; reserve 1 cup pasta water.
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Meanwhile, in sauce pan, combine shallots, garlic, olive oil, salt, pepper and red pepper flakes. Sauté 7 to 10 minutes.
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In blender, blend together cashews, water, tomato paste, sautéed shallots and garlic until smooth.
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In sauce pan, combine pasta water and sauce. Boil down until sauce has achieved thick consistency.
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Stir together sauce and pasta until covered. Garnish with additional red pepper flakes.