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Finnish IT Center for Science (CSC) Awards $12 Million Supercomputer Contract to Cray

SEATTLE, WA, Jul 09, 2012 -- Global supercomputer leader Cray Inc. (NASDAQ: CRAY) today announced it has been awarded a supercomputer contract to provide the Finnish IT Center for Science Ltd. (CSC) with a next-generation Cray supercomputer code-named "Cascade."

CSC is Finland's national high performance computing (HPC) facility, and the Cascade supercomputer will enable CSC to provide cost-effective supercomputing capacity for the needs of science and research across Finland. The acquisition of the Cascade system is an investment of the Finnish state and the procurement is handled by state-owned CSC on behalf of the Ministry of Education, Science and Culture.

Researchers and scientists will use Cray's next-generation Cascade supercomputer to solve scientific and engineering problems in a wide range of fields including climate change, energy research, materials science, gene interactions and medical research. The system will also be a Tier-1 resource under the European PRACE (Partnership for Advanced Computing in Europe) initiative.

"One of our primary goals is to provide the Finnish research community with extremely high performance computing capability and pave their way towards new scientific innovations," said Kimmo Koski, managing director of CSC. "We chose the Cascade system for its ability to enable breakthrough science in a production environment, and we are convinced it will strengthen our position as a world-class research facility."

"We are very excited to be the supercomputer provider for CSC in Finland, which is one of the leading supercomputer centers in Europe, and to be able to continue our successful partnership," said Dr. Ulla Thiel, Cray vice president, Europe. "We are very pleased that researchers and scientists at CSC Finland, as well as PRACE users throughout Europe, will have access to our next-generation Cascade supercomputer and its innovative HPC technologies. The Cascade system will be a valuable resource for running scientific and engineering applications that demand outstanding parallel computational performance and scalability."

Cray's Cascade supercomputer, which is expected to be widely available in the first half of 2013, is the next step in Cray's Adaptive Supercomputing vision. The system will feature major advancements to the Cray Linux Environment, Cray's HPC-optimized programming environment, and the next-generation Aries interconnect chipset. Cascade will also feature support for Intel(R) Xeon(R) processors -- a first for Cray's high-end systems. The Cascade supercomputer is in part made possible by Cray's participation in the Defense Advanced Research Project Agency's (DARPA) High Productivity Computing Systems program.

Consisting of products and services, the multi-year, multi-phase contract is valued at more than $12 million, and a vast majority of the system is expected to be delivered in 2014.

About CSC

CSC is a state-owned non-profit company providing services to the Ministry of Education, Science and Culture. CSC provides IT support and resources for academia, research institutes and companies: modeling, computing and information services. CSC provides Finland's widest selection of scientific software and databases and Finland's most powerful supercomputing environment that researchers can use via the Funet network.

About Cray Inc.

As a global leader in supercomputing, Cray provides highly advanced supercomputers and world-class services and support to government, industry and academia. Cray technology is designed to enable scientists and engineers to achieve remarkable breakthroughs by accelerating performance, improving efficiency and extending the capabilities of their most demanding applications. Cray's Adaptive Supercomputing vision is focused on delivering innovative next-generation products that integrate diverse processing technologies into a unified architecture, allowing customers to surpass today's limitations and meeting the market's continued demand for realized performance. Go to www.cray.com for more information.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933, including, but not limited to, statements related to Cray's ability to deliver the system to CSC when required and that meets CSC's needs and the planned availability of Cray Cascade systems. These statements involve current expectations, forecasts of future events and other statements that are not historical facts. Inaccurate assumptions and known and unknown risks and uncertainties can affect the accuracy of forward-looking statements and cause actual results to differ materially from those anticipated by these forward-looking statements. Factors that could affect actual future events or results include, but are not limited to, the risk that the systems required by CSC are not delivered in a timely fashion or do not perform as expected, the risk that Cray is not able to successfully complete its planned product development efforts or to ship Cascade systems within the planned timeframe or at all, the risk that the Cascade system will not have the features or components currently planned, the risk that Intel processors planned for the Cray Cascade system are not available when expected and such other risks as identified in the Company's quarterly report on Form 10-Q for the quarter ended March 31, 2012, and from time to time in other reports filed by Cray with the U.S. Securities and Exchange Commission. You should not rely unduly on these forward-looking statements, which apply only as of the date of this release. Cray undertakes no duty to publicly announce or report revisions to these statements as new information becomes available that may change the Company's expectations.

Cray is a registered trademark of Cray Inc. in the United States and other countries, and Cascade is a trademark of Cray Inc. Other product and service names mentioned herein are the trademarks of their respective owners.

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