Cray Inc. (cray)

[chmcnfunds]

Cray to Add NVIDIA Kepler GPUs to Its Next-Generation "Cascade" Supercomputer

SEATTLE, WA--(Marketwire - Aug 15, 2012) -

Building upon the Company's commitment to its Adaptive Supercomputing vision, global supercomputer leader Cray Inc. (NASDAQ: CRAY) today announced that its next-generation supercomputer code-named "Cascade" will be available with NVIDIA® Tesla® GPUs based on the next-generation NVIDIA Kepler™ GPU computing architecture.

"This is an exciting announcement for us, and for our customers, as it proves that we remain committed to our vision of integrating a range of advanced processing technologies into a single, scalable architecture," said Peg Williams, Cray's senior vice president of high performance computing systems. "Adaptive Supercomputing is about building a robust hardware and software environment that ultimately supports giving our customers choices. Adding the NVIDIA Tesla Kepler-based GPUs, which are designed for computationally intensive HPC environments, into future versions of our Cascade system will give our customers the flexibility to choose from a variety of powerful accelerator options."

In June, Cray announced that the Cascade supercomputer will be available with the new Intel® Xeon Phi™ coprocessors. With these new offerings, Cray customers will be able to customize a Cascade supercomputer with innovative processor technologies that best meets the high performance computing (HPC) needs of their scientific applications. NVIDIA Tesla GPUs and Intel Xeon Phi coprocessors will be available in future versions of Cray's Cascade supercomputer.

Cray's Cascade supercomputer, which is expected to be widely available in 2013, is the next step in Cray's Adaptive Supercomputing vision. The system will feature major advancements to the Cray Linux Environment, Cray's HPC-optimized programming environment, and the next-generation Aries interconnect chipset. Cascade will also feature support for Intel® Xeon® processors -- a first for Cray's high-end systems.

"Cascade will be the first system to combine three key technologies: the latest Intel Xeon CPUs, Cray's next-generation Aries system interconnect, and new Tesla Kepler-based GPUs, the highest performance, most energy-efficient accelerators ever built," said Sumit Gupta, senior director of the Tesla business unit at NVIDIA. "This combination enables applications to scale to tens of thousands of CPU-GPU nodes to solve the world's most complex scientific computing problems."

A number of leading HPC centers around the world have already signed contracts to purchase Cascade systems:
In July, Cray announced it had signed a contract with the Commonwealth Scientific and Industrial Research Organization (CSIRO) to provide the Pawsey Centre in Perth, Australia with a Cascade supercomputer and a next-generation Cray Sonexion storage system as part of a $21 million agreement.

Also in July, Cray announced it had been awarded a supercomputer contract to provide the Finish IT Center for Science Ltd. (CSC) with a Cascade supercomputer.

Cray announced in June that it will install a Cascade supercomputer and a next-generation Cray Sonexion storage system at the Department of Energy's National Energy Research Scientific Computing Center (NERSC) in Berkeley, California as part of a $40 million supercomputing agreement.

In December 2011, Cray announced it was awarded a contract to provide a Cascade supercomputer to the Academic Center for Computing and Media Studies (ACMS) at Kyoto University in Kyoto, Japan.

In October 2010, Cray announced it had signed a contract with the University of Stuttgart to provide a Cascade system to the High Performance Computing Centre Stuttgart (HLRS) in Germany.
The Cascade supercomputer is in part made possible by Cray's participation in the Defense Advanced Research Projects Agency's (DARPA) High Productivity Computing Systems program.
About Cray Inc.

As a global leader in supercomputing, Cray provides highly advanced supercomputers and world-class services and support to government, industry and academia. Cray technology is designed to enable scientists and engineers to achieve remarkable breakthroughs by accelerating performance, improving efficiency and extending the capabilities of their most demanding applications. Cray's Adaptive Supercomputing vision is focused on delivering innovative next-generation products that integrate diverse processing technologies into a unified architecture, allowing customers to surpass today's limitations and meeting the market's continued demand for realized performance. 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 its product development plans, including the timing of availability of the Cray Cascade system that includes the Aries interconnect and NVIDIA and Intel processors described in this press release, Cray's ability to deliver Cascade systems and Sonexion storage systems to the customers described in this press release, the sales prospects of the Cray Cascade system and the performance of the Cray Cascade 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 its planned product development efforts related to the Cray Cascade system or to ship the Cray Cascade systems or Sonexion storage systems when expected or at all, the risk that NVIDIA and Intel processors planned for the Cray Cascade system are not available or incorporated into the Cray Cascade system when expected or at all, the risk that Cray Cascade systems or Sonexion storage systems are not delivered in a timely fashion or do not perform as expected or as required by customers, the risk that Cray will not be able to sell Cray Cascade systems as expected and such other risks as identified in the Company's quarterly report on Form 10-Q for the quarter ended June 30, 2012, 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 is a registered trademark of Cray Inc. in the United States and other countries, and Cascade, Cray Linux Environment and Sonexion are trademarks of Cray Inc. Other product and service names mentioned herein are the trademarks of their respective owners.

Contact Information
Cray Media:
Nick Davis
206/701-2123
[e-mail]

Cray Investors:
Paul Hiemstra
206/701-2044
[e-mail]
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