Cray Inc. Receives Cray SV1 Supercomputer Order.Business Editors/High-Tech Writers SEATTLE--(BUSINESS WIRE)--Oct. 1, 2001 Global supercomputer leader Cray Inc. (Nasdaq:CRAY) today announced an order for a Cray SV1(TM) supercomputer upgrade from an undisclosed government customer. Cray will complete the Cray SV1 upgrade in the fourth quarter of 2001. Financial terms were not disclosed. The system upgrade will increase performance by 60 percent, double the memory capacity and significantly enhance the I/O (Input/Output) The transfer of data between the CPU and a peripheral device. Every transfer is an output from one device and an input to another. See PC input/output. I/O - Input/Output capabilities available in the customer's existing system. The Cray SV1 product line was named "Best Supercomputer" for 2001 by the readership of Scientific Computing & Instrumentation magazine, and is the technological forerunner to the Cray SV2(TM) series -- on schedule for availability in the second half of 2002. About Cray Inc. Cray Inc. designs, builds, sells and services supercomputer systems Three firms have held, simultaneously, the name Supercomputer Systems or Supercomputing Systems. The first was founded by Steve Chen, architect of the Cray X-MP and Cray Y-MP. The second was based in San Diego, California, USA. . The company has leading edge technology, multiple product platforms, a worldwide installed base, major manufacturing and service capabilities and extensive global customer relationships. Cray believes its Multithreaded multithreaded - multithreading Architecture and Cray T3E(TM), Cray SuperCluster su·per·clus·ter n. A group of neighboring clusters of galaxies. supercluster A large group of neighboring clusters of galaxies, along with isolated galaxies scattered between them, the entire collection (R) and Cray SV1 and SV2 systems, together with NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. vector products, 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 risk 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 "Factors That Could Affect Future Results" in Cray Inc.'s quarterly report on Form 10-Q Form 10-Q See 10-Q. . Note to Editors: Cray and SuperCluster are registered trademarks, and Cray SV1, Cray SV2 and Cray T3E are trademarks, of Cray Inc. All other trademarks are the property of their respective owners. |
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