Press Release

Cray Appoints New SVP of Products as Company Prepares for Exascale, Expands Into Commercial Market

SEATTLE, March 26, 2019 (GLOBE NEWSWIRE) -- Global supercomputer leader Cray Inc. (Nasdaq:CRAY) today announced that it has appointed John Dinning as its new senior vice president of products. Dinning brings over two decades of experience strategically guiding technology companies through market positioning, growth and business transformation. The appointment comes as Cray prepares to deploy its newest “Shasta™” supercomputing architecture, purpose-built to meet the demands of the exascale era.

“Cray is well positioned to capture the tremendous growth that is occuring within the convergence of modeling and simulation with AI and analytics that require the power and scalability of supercomputing,” said John Dinning. “Cray's next-generation Shasta system is going to be a game changer – a completely new architecture that will power the first U.S. exascale system and power business critical advanced analytics for the enterprise. I am thrilled to be a part of this momentum.”

Prior to joining Cray, Dinning spent more than 17 years at Teradata, a provider of data and analytics solutions for large enterprises. While there, Dinning most recently served as executive vice president and chief business officer. Dinning also held leadership roles in product management, global marketing, corporate strategy, M&A and business development. Dinning’s accomplishments at Teradata include repositioning the company and expanding its solutions portfolio, spearheading Teradata’s move into the cloud, and leading the company toward a software-as-a-service solutions model.

“John’s proven track record of delivering stand-out results and advancing company growth makes him an excellent addition to our executive team,” said Pete Ungaro, president and CEO of Cray. “With the tremendous growth of data and the rise of AI and digital transformation, HPC-powered solutions are becoming integral to the modern-day enterprise. With John’s expertise and background with helping large companies leverage the power of analytics and business intelligence for competitive advantage along with our next generation Shasta platform, we will be well positioned to enable customers across a wide variety of industries move into the next generation of high-performance infrastructure needed for this massive shift in computing.”

About Cray Inc.
Cray Inc. (Nasdaq:CRAY) combines computation and creativity so visionaries can keep asking questions that challenge the limits of possibility. Drawing on more than 45 years of experience, Cray develops the world’s most advanced supercomputers, pushing the boundaries of performance, efficiency and scalability. Cray continues to innovate today at the convergence of data and discovery, offering a comprehensive portfolio of supercomputers, high-performance storage, data analytics and artificial intelligence solutions.  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 Shasta architecture powering the first U.S. exascale system. 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 the modifications to its subcontract with Intel for delivery of the Aurora system to Argonne National Laboratory when expected or at all, the risk that Cray is not able to successfully complete its planned product development efforts or to ship Shasta systems within the planned timeframe or at all, the risk that Shasta systems will not have the features, performance or components currently planned, the risk that processors planned for Cray Shasta systems are not available when expected or with the performance or pricing expected, the risk that the system required by Argonne is not delivered in a timely fashion or does not perform as expected and such other risks as identified in the Company’s annual report on Form 10-K for the year ended December 31, 2018, 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 Shasta are registered trademarks of Cray Inc. in the United States and other countries. Other product and service names mentioned herein are the trademarks of their respective owners.

Cray Media:
Juliet McGinnis
206/701-2152
pr@cray.com
Cray Investors:
Paul Hiemstra
206/701-2044
ir@cray.com

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