Cray Inc. Announces $3.5 Million Order for Red Storm Product.SEATTLE -- Global supercomputer leader Cray Inc. (Nasdaq:CRAY) today announced that it has received another advance order for the company's upcoming product based on the Sandia "Red Storm" supercomputer. The order is valued at approximately $3.5 million. No further details were disclosed. "Red Storm" is a 40-TeraOps (40 trillion calculations per second) supercomputer Cray is scheduled to deliver this year to Sandia National Laboratories Sandia National Laboratories, which is managed and operated by the Sandia Corporation (a wholly owned subsidiary of Lockheed Martin Corporation), is a major United States Department of Energy research and development national laboratory with two locations, one in Albuquerque, New under a $93 million Department of Energy contract. Cray announced plans to develop the Red Storm-based product in October 2003. Earlier this year, Cray announced advance orders for the product from the Pittsburgh Supercomputer Center, Oak Ridge National Laboratory Oak Ridge National Laboratory (ORNL) is a multiprogram science and technology national laboratory managed for the United States Department of Energy by UT-Battelle, LLC. ORNL is located in Oak Ridge, Tennessee, near Knoxville. and an unnamed Canadian customer. "The Red Storm-based product targets the need for highly scalable microprocessor-based supercomputers with extremely high bandwidth. It is designed to be more efficient and cost-effective for challenging problems and workloads than the clustered SMP (Symmetric MultiProcessing) A multiprocessing architecture in which multiple CPUs, residing in one cabinet, share the same memory. SMP systems provide scalability. As business increases, additional CPUs can be added to absorb the increased transaction volume. systems available in the marketplace today," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Peter Ungaro, Cray's vice president of worldwide marketing and sales. "Red Storm takes the highly successful 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. systems of the past and updates it with the latest in advanced technology; customers are showing a lot of excitement about Cray bringing this architecture back to the forefront of supercomputing." About Cray Inc. Cray's mission is to be the premier provider of high performance computing for its customers' most challenging scientific and engineering problems. Go to www.cray.com for more information about 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . There are certain factors that could cause Cray's execution plans to differ materially from those anticipated by the statements above. These include the technical challenges of developing high performance computing systems, reliance on third-party suppliers, the successful porting of application programs to Cray systems, Cray's ability to compete with larger, more established companies and innovative competitors, Cray's ability to keep up with rapid technological change, and general economic and market conditions. For a discussion of these and other risks, see "Factors That Could Affect Future Results" in Cray's most recent Quarterly Report on Form 10-Q Form 10-Q See 10-Q. filed with the SEC. Cray is a registered trademark of Cray Inc. All other trademarks are the property of their respective owners. |
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