CRAY Inc. Receives First Japanese Order; JAIST Order For 128-Processor Cray T3E System Is Valued At $3 Million.Business Editors/High-Tech Writers SEATTLE--(BUSINESS WIRE)--Sept. 21, 2000 Cray Inc. (Nasdaq:CRAY) today announced that the company received its first order from Japan, valued at $3 million. The Japan Advanced Institute of Science and Technology (JAIST JAIST Japan Advanced Institute of Science and Technology ) has ordered a 128-processor Cray T3E-1200E(TM) MPP (Massively Parallel Processing or Massively Parallel Processor) A multiprocessing architecture that uses up to thousands of processors. Some might contend that a computer system with 64 or more CPUs is a massively parallel processor. system. The system is scheduled for delivery and customer acceptance in the fourth quarter of fiscal 2000. The Cray T3E-1200E order is part of a contract administered by system integrator Fujitsu for JAIST's Information Environment System. The system will be installed in JAIST's Center for Information Science, where it will be used to support leading-edge research in information science and other advanced scientific research. The Cray T3E-1200E computer system replaces an earlier Cray T3E-600 system sold by the former Cray Research See Cray. . "Our faculty and student researchers will use the more powerful Cray T3E-1200E system to promote basic and applied information science, including computational science," said Professor Teruo Matsuzawa, director of the Center for Information Science. "We are proud to be associated with JAIST and to support the world-class research faculty of the Center for Information Science," said Cray Inc. President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jim Rottsolk. "We view our relationship with JAIST as a true partnership." The current world record for sustained computer speed, more than one trillion calculations per second (teraflops), was achieved on a Cray T3E system and has been recognized with the prestigious Gordon Bell Prize The Gordon Bell Prizes are a set of awards that were established in 1987. The Prizes were preceded by a similar much smaller prize (nominal) by Alan Karp (then of IBM) challenging claims of MIMD performance improvments proposed in the Letters to the Editor section of the . About JAIST The Japan Advanced Institute Of Science And Technology (JAIST), Hokuriku, Japan, was founded on October 1, 1990 as the first national institute in Japan that consists of graduate schools without undergraduate programs and possesses its own campus and organization for research and education. JAIST's Center for Information Science supports the computer-oriented activities of all users of the campus computing environment, by administering computer facilities and interconnecting networks. About Cray Inc. Cray Inc. designs, builds and sells high-performance MPP, vector processor and general-purpose parallel computer systems. The company has leading edge technology, multiple product platforms, nearly 900 employees, a $2 billion installed base of over 600 computers worldwide, major manufacturing and service capabilities and extensive global customer relationships. Cray believes its Multithreaded multithreaded - multithreading Architecture and Cray T3E and Cray SV2(TM) systems together represent the future of supercomputing. Go to www.cray.com for more information on the company. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This press release contains forward-looking statements. There are certain factors that could cause Cray's execution plans to differ materially from those anticipated by the statements above. Among such factors are expected delivery and acceptance times, and timely availability of commercially acceptable components from third party suppliers. For a discussion of such risks, and other risks that could affect Cray's future performance, please see "Risk Factors" in Cray Inc.'s most recent SEC Form 10-Q Form 10-Q See 10-Q. . Note to Editors: Cray is a registered trademark, and Cray T3E, Cray SV1, Cray MTA (1) (Message Transfer Agent or Mail Transfer Agent) The store and forward part of a messaging system. See messaging system. (2) See M Technology Association. 1. (messaging) MTA - Message Transfer Agent. and Cray SV2 are trademarks, of Cray Inc. All other trademarks are the property of their respective owners. |
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