SEATTLE, Sep 27, 2002 (BUSINESS WIRE) -- Global supercomputer leader Cray Inc.
(NasdaqNM:CRAY) today announced it came in first in Deloitte & Touche's
"Technology Fast 50" Program for Washington state, a ranking of the 50 fastest
growing technology companies in the area.
Rankings are based on the percentage of growth in fiscal year revenues from
1997-2001.
"It's an honor to be acknowledged by the Deloitte & Touche Fast 50 for the
strong growth we've achieved over the past years," commented Jim Rottsolk, Cray
Chairman and Chief Executive Officer. "Our employees have worked extremely hard
to bring Cray back to the forefront of supercomputing and we're very
appreciative of the recognition."
Larry Hile, Deloitte & Touche, Technology, Media, and Telecommunications,
Partner noted that Washington state is fortunate to have a world class
supercomputing company here in the Northwest. "Cray has been a pioneer in the
supercomputing industry and it has played a significant role in the reemergence
of supercomputing in the U.S. and around the world," he said. "We have been
watching their growth for some time and it's gratifying to see them top the
Deloitte & Touche Fast 50 list."
To qualify for the Fast 50, companies must have had operating revenues of at
least $50,000 in 1997 and $1,000,000 in 2001, must be public or private
companies headquartered in North America, and be "technology companies" defined
as companies that own proprietary technology which contributes to a significant
portion of the company's operating revenues or devotes a high percentage of
effort to research and development of technology. Winners of the 20 regional
Technology Fast 50 programs in the United States and Canada are automatically
entered in the Deloitte & Touche Technology Fast 500 program, which ranks North
America's top 500 fastest growing technology companies. For more information on
the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast500.com.
About Cray Inc.
Cray is the premier provider of supercomputing solutions for customers' most
challenging scientific and engineering problems. Go to www.cray.com for more
information about the company.
About Deloitte & Touche
Deloitte & Touche, one of the nation's leading professional services firms,
provides assurance and advisory, tax, and management consulting services through
nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to
helping its clients and its people excel. Known as an employer of choice for
innovative human resources programs, Deloitte & Touche has been recognized as
one of the "100 Best Companies to Work For in America" by Fortune magazine for
five consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and
related entities. Deloitte & Touche is the US national practice of Deloitte
Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its
national practices is a separate and independent legal entity. For more
information, please visit Deloitte & Touche's web site at www.deloitte.com/us.
For more information on the Technology Fast 50 and Fast 500 programs, please
visit www.fast50.com.
CONTACT: Snyder Investor Relations
John Snyder, 206/262-0291
john@snyderir.com
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