SEATTLE--(BUSINESS WIRE)--May 12, 2003--Global supercomputer
leader Cray Inc. (Nasdaq:CRAY) today reported that it has received
orders valued at approximately $16.0 million for Cray X1(TM) equipment
and related technology and services from undisclosed customers.
Shipments are scheduled to begin in mid-2003 and continue through
mid-2004. No other contract details were disclosed.
About Cray Inc.
Cray's mission is to be the premier provider of supercomputing
solutions for customers' most challenging technical 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 technical challenges of producing the Cray X1 system
on a sustainable basis, successful porting of application programs to
the Cray X1 system, the ability of Cray supercomputer systems to pass
individual customer acceptance tests, timely availability of
commercially acceptable components from third-party suppliers, risks
inherent in government procurements and general economic and market
conditions. For a discussion of these and other risks, see "Risk
Factors" in Cray's most recent Form 10-K filed with the SEC on March
Cray is a registered trademark, and Cray X1 is a trademark, of
Cray Inc. All other trademarks are the property of their respective
CONTACT: Cray Inc.
Scott J. Poteracki, 866/729-2729
Snyder Investor Relations
John Snyder, 206/262-0291
SOURCE: Cray Inc.