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Cray Awarded $48 Million Contract From the Korea Institute of Science and Technology Information

SEATTLE, Sept. 21, 2017 (GLOBE NEWSWIRE) -- Global supercomputer leader Cray Inc. (Nasdaq:CRAY) today announced the Korea Institute of Science and Technology Information (KISTI) has awarded the Company a contract valued at more than $48 million for a Cray® CS500™ cluster supercomputer. The 128-rack system, which includes Intel® Xeon® Scalable processors and Intel® Xeon Phi™ processors, will be the largest supercomputer in South Korea and will provide supercomputing services for universities, research institutes, and industries.

Located in Daejeon, South Korea, KISTI is a government-funded research institute designed to maximize the efficiency of science and technology R&D, and support high-tech R&D for the country’s research communities. Since 1962, KISTI has served as a national science and technology information center and has provided information that researchers need to enhance South Korea’s national competitiveness as a specialized science and technology research institute supported by the government. The new Cray CS500 cluster supercomputer at KISTI will support the organization’s leadership position as a world-class information research institute.

“Our supercomputing division is focused on maximizing research performance while significantly reducing research duration and costs by building a top-notch supercomputing infrastructure,” said Pillwoo Lee, General Director, KISTI. “Cray’s proficiency in designing large and complex high-performance computing systems ensures our researchers can now apply highly-advanced HPC cluster technologies towards resolving scientific problems using the power of Cray supercomputers.”

“KISTI is the preeminent supercomputing center in South Korea, and we are honored that a very large Cray CS500 system will play an important role in the advancement of KISTI’s supercomputing capabilities,” said Peter Ungaro, president and CEO of Cray. “Our cluster supercomputers are specifically designed to give customers like KISTI the computing resources they need for achieving scientific breakthroughs throughout a wide array of increasingly-complex, data-intensive challenges across modeling, simulation, analytics, and artificial intelligence. We look forward to working closely with KISTI now and into the future.”

“Leading global supercomputing centers like KISTI are pushing the boundaries of science and technology for the benefit of everyone,” said Trish Damkroger, Vice President of Technical Computing at Intel. “The leading Intel Xeon Scalable processors, Intel Xeon Phi processors and high-bandwidth Intel Omni-Path Architecture, combined with the expertise and innovation of Cray supercomputers, unleash researchers to achieve groundbreaking discoveries that address society’s most complex challenges and yield answers faster than has ever been possible before.”

The Cray CS500 cluster supercomputers are industry-standards based, highly customizable, and expressly designed to handle the most demanding range of simulation, research, analytics, and machine learning problems at scale. Cray CS500 systems provide flexible node configurations featuring the latest processor and interconnect technologies giving customers the ability to tailor a system to specific needs — from an all-purpose high-performance computing cluster to an accelerated system configured for shared memory, large memory, or accelerator-based tasks.

Consisting of products and services, the contract is valued at more than $48 million. The system is expected to be put into production in 2018.

For more information on the Cray CS™ series of cluster supercomputers, please visit the Cray website at www.cray.com.

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 systems purchased by KISTI will be put into production and Cray’s ability to deliver systems that meet KISTI’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 the systems required by KISTI are not delivered or put into production 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, 2017, 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 the stylized CRAY mark are registered trademarks of Cray Inc. in the United States and other countries, and CS500 and CS are trademarks of Cray Inc. Intel and Xeon are registered trademarks of Intel Corporation in the United States and other countries. Other product and service names mentioned herein are the trademarks of their respective owners.

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