Cray Inc. Signs $49.9 Million Agreement for Second Phase Of DARPA Petaflops Computing Systems Program.Business Editors/High-Tech Writers SEATTLE--(BUSINESS WIRE)--July 9, 2003 Cray Inc. (NasdaqNM:CRAY) today announced that it, together with New Technology Endeavors, Inc., a wholly-owned Cray subsidiary, have signed an agreement with the Defense Advanced Research Projects Agency Defense Advanced Research Projects Agency (DARPA), U.S. government agency administered by the Department of Defense (see Defense, United States Department of). (DARPA DARPA: see Defense Advanced Research Projects Agency. (Defense Advanced Research Projects Agency) The name given to the U.S. Advanced Research Projects Agency during the 1980s. It was later renamed back to ARPA. ) to participate in the second phase of DARPA's High Productivity Computing Systems Program. The program will provide Cray and its university research partners with $49.9 million in additional funding over the next three years to support the company's advanced research program aimed at developing a commercially available system capable of sustained performance in excess of one petaflops (a million billion calculations per second). DARPA formed the High Productivity Computing Systems Program to foster development of the next generation of high productivity computing systems for both the national security and industrial user communities. Program goals are for these systems to be more broadly applicable, much easier to program and more resistant to failure than currently available high performance computing systems. Five computer-makers, including Cray, were selected for the first phase concept study that was initiated in mid-2002, and all five firms submitted proposals for the second phase. Cray, along with IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) and Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. , were selected to continue to the second phase, where further definition and validation of the proposed systems will occur. In mid-2006, DARPA plans to select up to two vendors for the final phase, a full-scale development phase with initial prototype deliveries scheduled for 2010. Cray's team is led by Burton Smith, Cray's chief scientist, and includes research partners from the NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. Jet Propulsion jet propulsion, propulsion of a body by a force developed in reaction to the ejection of a high-speed jet of gas. Jet Propulsion Engines The four basic parts of a jet engine are the compressor, turbine, combustion chamber, and propelling nozzles. Laboratory/California Institute of Technology, headed by Dr. Thomas Sterling For the computer scientist of the same name, see . Thomas Sterling was an American politician. A Republican, he served in the United States Senate from 1913 to 1925. Early life Sterling, (brother of John Allen Sterling), was born near Amanda, Ohio on February 21, 1851. ; Stanford University Stanford University, at Stanford, Calif.; coeducational; chartered 1885, opened 1891 as Leland Stanford Junior Univ. (still the legal name). The original campus was designed by Frederick Law Olmsted. David Starr Jordan was its first president. , headed by Dr. William Dally; and The University of Notre Dame, headed by Dr. Peter Kogge. "Cray is very pleased to advance to the second phase of the DARPA High Productivity Computing Systems Program," said James Rottsolk, Cray's chairman and chief executive officer. "DARPA funding greatly enhances our ability to pursue advanced, innovative research and development on future-generation systems. The selection of Cray is testimony to the ground-breaking ideas generated by Cray and our university partners. This is another step toward achieving our previously stated goal of delivering a sustained petaflops system by 2010." 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. These include the technical challenges of developing high performance computing systems, government support of supercomputer systems research and purchases, Cray's ability to keep up with rapid technological change, 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 of Cray Inc. All other trademarks are the property of their respective owners. |
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