Cray Inc. Sells Cray SX-6 Supercomputer to Canadian Industrial Company; First Commercial Sale of Cray SX-6 System in North America.Business Editors SEATTLE--(BUSINESS WIRE)--June 20, 2002 Global supercomputer leader Cray Inc. (Nasdaq:CRAY) today announced it has sold a Cray SX-6 supercomputer and related services to a Canadian industrial company for approximately Canadian $2.7 million. No other details were announced. "The Cray SX-6 system has outstanding performance on key industrial codes," said James Rottsolk, 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. . "We are pleased that our customer will be the first industrial company in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. to use this exciting technology in its key development area." This is the first commercial sale under the OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and agreement concluded last year between Cray and 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. . The long-term agreement gives Cray exclusive rights to distribute the rebranded NEC supercomputer line in North America, and non-exclusive distribution rights in most other areas of the world. The SX-6 system is the world's most recent high-end, high-bandwidth vector supercomputer product line designed to serve industrial, academic and government customers. The world's most powerful supercomputer system, the Earth Simulator Not to be confused with the videogame, SimEarth. The Earth Simulator (ES) was the fastest supercomputer in the world from 2002 to 2004. The system was developed for NASDA, JAERI, and JAMSTEC in 1997 for running global climate models to evaluate the effects of global in Japan, is based on the same fundamental technology as the SX-6 system. 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. 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 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 Quarterly Report on Form 10-Q Form 10-Q See 10-Q. . Cray is a registered trademark and Cray SX-6 is a trademark of Cray Inc. All other trademarks are the property of their respective owners. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion