Cray Communications President Sees GATT as Important Advantage In Building International Business.

ANNAPOLIS JUNCTION, Md.--(BUSINESS WIRE)--Dec. 5, 1994-- The General Agreement on Tariffs and Trade is a positive development for Cray Communications, because Cray is an international manufacturer and supplier of data communications equipment, according to Donald A. Sullivan, president of Cray Communications, Inc., the company's U.S. division.

"Cray develops and manufactures products in Annapolis Junction, Maryland, in England, and in Denmark, and ships its products around the world," Sullivan said. "GATT's lower tariffs will lower our parts costs, because we buy and supply electronics from companies around the world. And the cost of products we supply to our counterparts in Europe will drop as well," he said.

Level playing field

He noted that GATT levels the playing field for Cray in international markets. "As an international supplier, we are sometimes subject to tariffs from which our competitors are exempt," he said. "This aspect of GATT gives us the same advantages others now enjoy."

Sullivan pointed out that Cray's worldwide operations will become simpler, because GATT simplifies customs procedures. "When you are moving hundreds of millions of dollars of equipment around the world, customs delays are inevitable," he said. "But by standardizing customs procedures, we will be able to get equipment from our Annapolis Junction facility to any customer site in the world with a minimum of fuss, and for less money than it costs now."

Corporate background

Cray Communications supplies Local and Wide Area Network products to government and corporate customers, system integrators and resellers, computer manufacturers, and public network operators worldwide. Cray has over 50 sales operations on five continents. The company's U.S. operations are headquartere in Annapolis Junction, Maryland.

Cray Communications is a division of Cray Electronics Holdings, PLC, a worldwide communications and electronics company based in England, with 3,000 employees worldwide. In its latest fiscal year, which ended April 30, 1994, Cray

Electronics recorded earnings of $40.3 million on sales of $418 million. Cra Electronics Holdings PLC is a publicly held company traded on the London Stock Exchange.

CONTACT: Cray Communications

              Donald Sullivan, 301/317-7140
                       or
              Geithner/McGowan, Inc.
              Edgar E. Geithner, 508/875-3821