Cray Inc. and Best Systems, Inc. Sign Sales Representative Agreement for Japan.Business Editors/High-Tech Writers SEATTLE & TSUKUBA, Japan--(BUSINESS WIRE)--April 28, 2004 Global supercomputer leader Cray Inc. (Nasdaq NM: CRAY) and Best Systems, Inc., a leading supplier of high-performance computing High-speed computing, which typically refers to supercomputers used in scientific research. solutions to the scientific research community in Japan, today announced that they have signed a non-exclusive agreement designating Best Systems as a Cray(R) business partner in Japan. Best Systems and Cray Japan will work closely together to address the increasing interest in Cray's high-performance computing systems in the Japanese marketplace. Headquartered in Tsukuba Science City, Best Systems will sell Cray's high-performance computing products and services, including the Cray X1(TM) system and its successors, and the Cray XD1(TM) (formerly OctigaBay 12K) and "Red Storm" product lines scheduled to be launched later this year. Best Systems has established itself as a preferred vendor of high-performance computing solutions to universities and government agencies in Japan. With a highly skilled staff and experience in high-performance computing systems and services, Best Systems is well positioned to support Cray Japan's effort to expand its presence in that country. Among Best Systems' customers are the Agency of Industrial Science and Technology (AIST AIST Advanced Industrial Science and Technology (Japan) AIST National Institute of Advanced Industrial Science and Technology (Japan) AIST Association for Iron & Steel Technology ), the Japan Atomic Energy Research Institute The Japan Atomic Energy Research Institute is a former semi-governmental organization that existed for the purpose of further nuclear power in Japan. It was created June 1956 by the Atomic Energy Basic Law. , Tokyo University, and Osaka University Home to many elite and renowned alumni of CEOs, lawyers, doctors, scientists, bureaucrats, and a Nobel laureate, as well as to many advanced research centers, Osaka University is considered one of the most prestigious universities in Japan and Asia. . "We are pleased to be representing the world's most widely recognized name in supercomputing," said Katsuya Nishi, 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. of Best Systems. "Our business is seeing an increased interest in supercomputing capabilities, and this agreement with Cray will help us address our customers' needs. We look forward to a long and mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" relationship." Peter Ungaro, Cray's vice president of worldwide sales and marketing, stated, "Best Systems' strong track record in the region and historical ties to Cray make them a great business partner to assist us in addressing expanding opportunities in Japan." About Best Systems, Inc. Best Systems is a leading supplier of high-performance computing solutions to the scientific research community in Japan. Best Systems was founded in 1988 by a group of former Cray Research Japan employees after Cray Research's merger with Silicon Graphics, Inc. For more information visit www.bestsystems.co.jp or call +81-298-60-7080. 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 challenges of managing and expanding an 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. sales organization, the technical challenges of developing high-performance computing systems and Cray's ability to compete with larger, more established companies and innovative competitors. For a discussion of these and other risks, see Cray's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the SEC on March 12, 2004. Cray is a registered trademark, and Cray X1 and Cray XD1 are trademarks, of Cray Inc. All other trademarks are the property of their respective owners. |
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