| SEATTLE, Jun 18, 2002 (BUSINESS WIRE) -- Global supercomputer leader Cray Inc.
(Nasdaq:CRAY) today announced that it will enter into negotiations with the
National Nuclear Security Administration's (NNSA) Sandia National Laboratories
for a multiyear project, valued at approximately $90 million, to develop and
deliver a supercomputer pursuant to Sandia's "Red Storm" procurement.
Further details will be available when the contract is completed.
"We are very pleased and proud to be selected by Sandia for this important
project," said James Rottsolk, Cray chairman and CEO. "We look forward to
completing the contract negotiations, and providing more information at that
time."
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 Sandia
Sandia is a multiprogram laboratory operated by Sandia Corporation, a Lockheed
Martin Company, for the U.S. Department of Energy's National Nuclear Security
Administration. With main facilities in Albuquerque, N.M., and Livermore,
Calif., Sandia has major research and development responsibilities in national
security, energy and environmental technologies, and economic competitiveness.
See www.sandia.gov for more information about Sandia.
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 successful
completion of contract negotiations, government support for new supercomputer
systems, the technical challenges of developing new high performance computer
systems, timely availability of necessary components from third-parties that
meet Cray's specifications and ability of Cray supercomputer systems to pass
individual customer acceptance tests. For a discussion of these and other risks,
see "Factors That Could Affect Future Results" in Cray's most Quarterly Report
on Form 10-Q.
CONTACT: Cray Inc.
Jerry Loe, 206/701-2030
jerryl@cray.com
or
Snyder Investor Relations
John Snyder, 206/262-0291
john@snyderir.com
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