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Cray Awarded $128 Million Supercomputer Contract From the UK's Met Office

SEATTLE, WA -- (Marketwired) -- 10/27/14 -- Global supercomputer leader Cray Inc. (NASDAQ: CRAY) today announced the Company has been awarded a contract to provide the Met Office in the United Kingdom with multiple Cray® XC™ supercomputers and Cray® Sonexion® storage systems. Consisting of three phases spanning multiple years, the $128 million contract expands Cray's significant presence in the global weather and climate community, and is the largest supercomputer contract ever for Cray outside of the United States.

Headquartered in Exeter, England, the Met Office is the United Kingdom's national weather service and is recognized as one of the world's most accurate forecasters. The Met Office uses more than 10 million weather observations a day and an advanced atmospheric model to create 3,000 tailored forecasts and briefings each day that are delivered to customers ranging from government, businesses, the general public, armed forces and other organizations.

In their final configurations, which will include Cray® XC40™ systems as well as next-generation Cray XC systems with current and future Intel® Xeon® processors, the Cray supercomputers at the Met Office will have 13 times more supercomputing power than its current systems. The Met Office will use its new Cray supercomputers and storage systems for operational weather prediction and climate research.

"We are very excited about this investment in UK science," said Met Office Chief Executive Rob Varley. "It will lead to a step change in weather forecasting and climate prediction, and give us the capability to strengthen our collaborations with partners in the South West, UK and around the world. The new Cray supercomputers, together with improved observations, science and modeling, will deliver better forecasts and advice to support UK business, the public and government. It will help make the UK more resilient to high impact weather and other environmental risks."

"We are truly honored that one of the most prestigious weather centers in the world has awarded us with the largest international contract in Cray's history," said Peter Ungaro, president and CEO of Cray. "The award is symbolic for Cray on a number of fronts -- it demonstrates that our systems continue to be the supercomputers of choice for production weather centers across the globe, that our close relationship with Intel is providing customers with enhanced capabilities today and into the future and it reinforces the role that Cray plays in impacting society on a daily basis in a wide range of areas. The Met Office is both a pioneer and leader in weather and climate services, and we are excited that Cray supercomputers and storage solutions will assist them in achieving their important and complex mission of informing citizens and industry how the weather and climate will affect them now and in the future."

The Cray XC40 supercomputers are engineered to meet the performance challenges of today's most demanding high performance computing (HPC) users. Special features of the Cray XC40 supercomputers include: the industry-leading Aries system interconnect; a Dragonfly network topology that frees applications from locality constraints; DataWarp applications I/O accelerator technology; innovative cooling systems to lower customers' total cost of ownership; the next-generation of the scalable, high performance Cray Linux Environment supporting a wide range of applications; Cray's HPC optimized programming environment for improved performance and programmability, and the ability to handle a wide variety of processor types in a tightly-integrated system infrastructure.

The next-generation Cray Sonexion storage solution will be delivered in phases and, all total, will include more than 20 petabytes of storage capacity, running at speeds of more than 1.5 terabytes per-second of bandwidth. Cray's Sonexion storage system combines Cray's Lustre expertise tightly integrated in a unique design that allows for maximum scalability. Management and operations are simplified through an appliance design with all storage components including software, storage and infrastructure.

Consisting of products and services, the multi-year, multi-phase contract is valued at more than $128 million at current exchange rates. Multiple system deliveries are expected between 2014 and 2017, with the major deliveries expected between 2015 and 2017.

For more information on the Cray XC series of supercomputers and Cray Sonexion storage systems, please visit the Cray website at www.cray.com.

For more information on the Met Office, please visit www.metoffice.gov.uk.

About Cray Inc.
Global supercomputing leader Cray Inc. (NASDAQ: CRAY) provides innovative systems and solutions enabling scientists and engineers in industry, academia and government to meet existing and future simulation and analytics challenges. Leveraging more than 40 years of experience in developing and servicing the world's most advanced supercomputers, Cray offers a comprehensive portfolio of supercomputers and big data storage and analytics solutions delivering unrivaled performance, efficiency and scalability. 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 meet 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 the timing of delivery of the systems purchased by the Met Office and Cray's ability to deliver systems that meet the Met Office's requirements. 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 Cray is not able to successfully complete its planned product development efforts in a timely fashion or at all, the risk that the processors planned for next generation Cray XC systems are not available with the performance expected or when expected or are not incorporated into the Cray XC systems when expected or at all, the risk that the systems required by the Met Office are not delivered in a timely fashion or do not perform as expected and such other risks as identified in the Company's quarterly report on Form 10-Q for the quarter ended June 30, 2014, 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 and Sonexion are registered trademarks of Cray Inc. in the United States and other countries, and Cray XC and Cray XC40 are trademarks of Cray Inc. Other product and service names mentioned herein are the trademarks of their respective owners.

Cray Media:
Nick Davis
206/701-2123
pr@cray.com

Cray Investors:
Paul Hiemstra
206/701-2044
ir@cray.com

Source: Cray Inc.