[rescue] [anoop at lhai-sf.com: Cray Inc. Achieves Major Development Milestone With Cray SV2 Supercomputer]

[Bill Bradford]

----- Forwarded message from "Cray Inc." <anoop at lhai-sf.com> -----

Reply-To: anoop at lhai-sf.com
Date: Wed, 17 Apr 2002 08:57:57 EDT
From: "Cray Inc." <anoop at lhai-sf.com>
Subject: Cray Inc. Achieves Major Development Milestone With Cray SV2 Supercomputer
To: mrbill at mrbill.net

( BW)(WA-CRAY)(CRAY) Cray Inc. Achieves Major Development Milestone
With Cray SV2 Supercomputer; Expected to be the Most Powerful
Supercomputer Available

    Business Editors & High-Tech Writers

    SEATTLE--(BUSINESS WIRE)--April 17, 2002--

   System Runs Real Applications Using System Software and Hardware

   Global supercomputer leader Cray Inc. (Nasdaq:CRAY) today
announced that its Cray SV2(TM) supercomputer completed a significant
development milestone.
   The new system, expected to be the world's most powerful computer
product when it begins shipping in the second half of 2002, recently
ran software applications using system software and hardware for the
first time.
   Company officials said the "extreme performance" Cray SV2 system
(code-named) is solidly on track, based on reviews conducted last week
by U.S. government agencies as well as other potential customers.
   "We are extremely pleased with our progress on the SV2 and we were
able to reach a critical milestone for this latest review," commented
Cray CEO Jim Rottsolk. "This test involved applications running
successfully under system software on actual SV2 system hardware," he
said.
   Cray SV2 development is funded in part by several U.S. government
agencies, including the National Security Agency, and its progress is
reviewed on a quarterly basis. Under development since 1997, the Cray
SV2 system has successfully completed a total of 15 reviews in
succession and, when deployed, the revolutionary supercomputer is
predicted to be the world's most powerful.
   The Cray SV2 system represents the culmination of the latest
developments in supercomputing technology, combining vector processing
with highly parallel capabilities. Together, these technologies enable
computing to reach new levels of "extreme performance." The Cray SV2
will have impressive theoretical peak performance, up to tens of
teraflops (trillions of calculations per second) in the standard
product. Far more importantly, the Cray SV2 system's true value will
be in the actual sustained performance it delivers to customers, where
it is expected to provide unrivaled applications performance in both
established and new supercomputing markets, Cray officials said.

   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 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 timely availability of necessary components from third
parties that meet Cray's specifications, the technical challenges of
developing new high performance computer systems, 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
2001 Annual Report on Form 10-K.

   Cray is a registered trademark, and Cray SV2 is a trademark, of
Cray Inc.

    --30--

    CONTACT: Cray Inc.
             Ken Johnson, 206/701-2091
             ken at cray.com
             or
             Snyder Investor Relations
             John Snyder, 206/262-0291
             john at snyderir.com

----- End forwarded message -----

-- 
Bill Bradford
mrbill at mrbill.net
Austin, TX