Cray Inc. Wins $9 Million in Advance International Orders for the Cray X1E Supercomputer System.SEATTLE -- Global supercomputer supercomputer, a state-of-the-art, extremely powerful computer capable of manipulating massive amounts of data in a relatively short time. Supercomputers are very expensive and are employed for specialized scientific and engineering applications that must handle very leader Cray Inc. (Nasdaq:CRAY) today reported that it has won new advance orders with an aggregate value of approximately $9 million from unnamed European and Asia-Pacific customers for Cray X1E(TM) 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. . The two systems are scheduled to be installed in the first half of 2005. "We are very excited to have a number of advance orders from key international customers for the powerful Cray X1E vector supercomputer, the fully compatible successor to the current Cray X1(TM) system," said Peter Ungaro, Cray senior vice president of sales, marketing and service. "The Cray X1 system is used by leading researchers and developers today for workloads demanding extreme, scalable performance and has demonstrated unrivaled results on standard benchmarks and real-world customer applications. The Cray X1E system will extend this performance leadership and it is an important step for Cray to deliver this capability to new customers around the world." Together with the recently announced Cray XT3(TM) massively parallel See MPP. supercomputer and the Cray XD1(TM) entry and midrange midrange Epidemiology The halfway point or midpoint in a set of observations; for most data, MR is calculated as the sum of the smallest observation and the largest observation, divided by 2; for age data, one is added to the numerator; a midrange is usually product, Cray X1 and Cray X1E systems constitute the world's most comprehensive and capable lineup of high performance computing (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. ) products. About Cray Inc. As the global leader in HPC, Cray provides innovative supercomputing systems that enable scientists and engineers in government, industry and academia to meet both existing and future computational challenges. Building on years of experience in designing, developing, marketing and servicing the world's most advanced supercomputers, Cray offers a comprehensive portfolio of HPC systems that deliver unrivaled sustained performance on a wide range of applications. Go to www.cray.com for more information. 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. These include the technical challenges of developing high performance computing systems, government support and timing of supercomputer system purchases, the successful porting of application programs to Cray computer The Colorado Springs-based supercomputer company founded in 1989 by Seymour Cray after he left Cray Research. Cray developed the Cray-3, an incredibly fast gallium arsenide-based computer that ran at a 1 GHz clock rate. systems, the successful passing of acceptance tests, reliance on third-party suppliers, fluctuating quarterly operating results, lower margins and earnings due to significant pricing pressure, Cray's ability to keep up with rapid technological change, Cray's ability to compete against larger, more established companies and innovative competitors, 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, and Cray X1, Cray X1E and Cray XD1 are trademarks, of Cray Inc. All other trademarks are the property of their respective owners. |
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