Cray Inc. Reports Advance Order for Red Storm-Based Product.Business Editors/High-Tech Writers SEATTLE--(BUSINESS WIRE)--May 11, 2004 Global supercomputer leader Cray Inc. (Nasdaq NM:CRAY) today reported that a Canadian organization has placed an advance order for the company's upcoming product based on the Sandia Red Storm supercomputer. The Red Storm-based system is scheduled to be installed at the customer's facility in late 2004. Further terms were not disclosed. Earlier this month, Cray announced that the Pittsburgh Supercomputing Center The Pittsburgh Supercomputing Center (PSC) is a joint effort between Carnegie Mellon University, University of Pittsburgh, and Westinghouse Electric Company. PSC was founded in 1986 by its two Scientific Directors, Dr. Ralph Roskies of University of Pittsburgh and Dr. (PSC (Public Service Commission) Same as PUC. ) had placed an advance order for a Red Storm-based system, to be installed in the third quarter. "We're seeing very strong interest in this upcoming product, which 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 HPC (Handheld PC) A palmtop computer that weighs less than one pound and runs specialized versions of popular applications. Microsoft coined the term for its Windows CE operating system, which is an abbreviated version of Windows. See Pocket PC. marketplace today," according to Cray Chairman 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. "For really serious problems like this, purpose-built HPC systems are vastly superior to loosely linked clusters of servers or PCs." 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. The Red Storm-based product targets the need for highly scalable microprocessor-based supercomputers with high bandwidth. Sandia National Laboratories partnered with Cray in designing the Red Storm architecture. About Cray Inc. Cray's mission is to be the premier provider of supercomputing solutions 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. 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, government support of supercomputer systems research and purchases, the successful porting of application programs to Cray systems, reliance on third-party suppliers, Cray's ability to compete with larger, more established companies and innovative competitors, Cray's ability to keep up with rapid technological change, Cray's ability to pass 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 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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