Cray Inc. Receives Cray SV1ex Supercomputer Order From Ford.Business Editors & High Tech Writers SEATTLE--(BUSINESS WIRE)--Feb. 26, 2002 Cray Inc. (Nasdaq:CRAY) today announced that Ford Motor Company has ordered a Cray SV1ex(TM) supercomputer. Ford will use the system to improve the structural safety and cabin comfort of its latest vehicle models. Financial terms were not disclosed. Cray expects to complete installation this month at Ford's design center near Cologne, Germany. The Cray SV1ex supercomputer joins eight other Cray SV1(TM) supercomputers Ford currently operates at several locations worldwide. Ford engineers use the systems to simulate the crashworthiness Crashworthiness is the ability of a structure to protect its occupants during an impact. This is commonly tested when investigating the safety of vehicles. Depending on the nature of the impact and the vehicle involved, different criteria are used to determine the and noise, vibration and harshness (NVH NVH Noise, Vibration and Harshness NVH Nahverkehr Hohenlohekreis (German) NVH Noise Vibration and Harshness ) characteristics of new vehicle designs. These applications speed the development cycle by reducing the need for costly prototypes. Computational analysis on Cray(R) systems also guides the design of features Ford uses to enhance passenger cabin comfort. "This is Ford's ninth Cray SV1 system, which is a tribute to the product line's prowess in tackling time-sensitive commercial applications," said Cray 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. Michael P. Haydock. "We are proud that an industry leader of Ford's stature continues to rely on Cray for crucial computing needs." Cray SV1ex systems with enhanced memory began shipping in fourth-quarter 2001. The Cray SV1 product line was named "Best Supercomputer" in 2001, 2000 and 1999 by the readership of Scientific Computing & Instrumentation magazine, and helped make Cray Inc. number one in the latest rankings of supercomputer performance reported in November 2001 by industry analyst firm IDC. About Cray Inc. Cray is the premier provider of supercomputing solutions for 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. Among these factors are the ability of Cray 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. to pass individual customer acceptance tests, 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 Form 10-Q Form 10-Q See 10-Q. and "Additional Factors That Could Affect Future Results" in Cray's current report on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. filed on Nov. 28, 2001. Cray is a registered trademark, and Cray SV1ex and Cray SV1 are trademarks, of Cray Inc. All other trademarks are the property of their respective owners. |
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