Cray Inc. Ships First Cray SV1ex Enhanced Memory System.Business Editors/High-Tech Writers SEATTLE--(BUSINESS WIRE)--Nov. 27, 2001 Global supercomputer leader Cray Inc. (Nasdaq:CRAY) today said it shipped the first Cray SV1ex enhanced memory system. The enhanced memory system fulfilled a previously announced order from the Arctic Region Supercomputing Center The Arctic Region Supercomputing Center (ARSC) is a research facility organized under the University of Alaska Fairbanks. It is funded by the United States Department of Defense, and is a member of the department's High Performance Computing Modernization Program (HPCMP). (ARSC ARSC Arctic Region Supercomputing Center ARSC Association for Recorded Sound Collections ARSC Accounting and Review Services Committee ARSC Aircraft Repair and Supply Center (USCG) ARSC Arizona Remote Sensing Center ) at the University of Alaska Fairbanks UAF is home to seven major research units: the Agricultural and Forestry Experiment Station; the Geophysical Institute, which operates the Poker Flat Research Range; the International Arctic Research Center; the Arctic Region Supercomputing Center; the Institute of Arctic Biology; the . Cray SV1ex systems with faster processors began shipping on schedule in second-quarter 2001, but the company subsequently announced a delay in enhanced memory capabilities due to a technical issue. The Cray SV1ex enhanced memory system offers twice the system memory bandwidth of the previous memory system and for the first time provides a very large, very fast Solid State Disk capability. "Now that this issue is resolved, we can address our existing Cray SV1ex order backlog and grow that backlog substantially through the ability to benchmark systems with the enhanced memory," said Michael P. Haydock, Cray Inc. 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. . Haydock said Cray SV1ex systems typically undergo a 30-day customer acceptance period before revenue is booked. About Cray Inc. Cray is the premier provider of supercomputing solutions for our customers' most challenging scientific and engineering problems. 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. . |
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