SEATTLE--(BUSINESS WIRE)--Sept. 16, 2003--Global supercomputer
leader Cray Inc. (Nasdaq:CRAY) today announced that it has signed an
agreement with the U.S. government to pursue the development of
next-generation supercomputer technologies. The agreement calls for
Cray and the government to each invest $17.5 million over the next two
"Last year we signed a development agreement calling for $10
million each of investment by the government and Cray for memory and
processor enhancements to the Cray X1(TM) system, leading to what we
refer to as the Cray X1e(TM) system, and for helping to develop a
successor system to the Cray X1 and Cray X1e system, which we have
code-named our Black Widow system," said Jim Rottsolk, Cray chairman
and chief executive officer. "This new contract increases the
commitment of each party by an additional $17.5 million, and reflects
the Government's ongoing commitment to U.S. supercomputing
leadership," added Rottsolk. "The objective of this program is to
produce supercomputer technologies that support superior memory
bandwidth performance, stride independent memory bandwidth,
instruction level parallelism and power efficiency.
"The development of these systems advances our previously
described product roadmap," Rottsolk added. "The Cray X1e system will
increase peak performance from about 50 teraflops today to about 150
teraflops (trillions of calculations per second). With continued
funding, we expect the successor Black Widow system to reach a peak
performance of several hundred teraflop in its initial design, and to
exceed a petaflop (a thousand trillion calculations per second) in
its product lifetime.
"We are very gratified for the strong support of Congressmen David
Obey, Martin Olav Sabo and Norm Dicks in furthering this key
About Cray Inc.
Cray is the premier provider of supercomputing solutions for its
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. These
include the technical challenges of developing high performance
computing systems, government support of supercomputer systems
research and purchases, and Cray's ability to keep up with rapid
technological change. For a discussion of these and other risks, see
"Factors That Could Affect Future Results" in Cray's most recent
Quarterly Report on Form 10-Q.
Cray is a registered trademark, and Cray X1 and X1e are trademarks
of Cray Inc. All other trademarks are the property of their respective
CONTACT: Cray Inc.
James E. Rottsolk, 206-701-2058
Snyder Investor Relations
John Snyder, 206-262-0291
SOURCE: Cray Inc.