SOURCE: Cray Inc.

November 02, 2005 08:55 ET

Cray Inc. Appoints HPC Veteran Jan Silverman Senior Vice President, Corporate Strategy and Business Development

SEATTLE, WA -- (MARKET WIRE) -- November 2, 2005 -- Global supercomputer leader Cray Inc. (NASDAQ: CRAY) today announced that it has hired high performance computing (HPC) industry veteran Jan Silverman as senior vice president, corporate strategy and business development. Before joining Cray, Silverman held senior management and R&D positions at SGI, Hewlett-Packard, Apollo Computer and Lockheed Martin.

In this newly created position reporting to Cray President and CEO Peter Ungaro, Silverman will have primary responsibility for driving the company's business and marketing strategies. He will lead Cray's business development, product management and marketing organizations.

"Jan brings us a great breadth of HPC industry experience and an excellent reputation for strategic planning and execution," said Ungaro. "He's uniquely qualified to help us to expand Cray's market presence around the world and continue to deliver the industry's leading HPC supercomputers."

Most recently, Silverman was an independent consultant providing industry-specific product penetration strategies. Earlier, he was senior vice president of SGI's strategic technology initiatives and general manager of SGI's Industry Solutions and Services Group, which provides industry-specific solutions, professional services and customer support. Silverman also served as SGI's senior vice president of worldwide marketing and vice president of server product marketing. He managed marketing of SGI's high-end servers and graphics, system software, high-performance networking, storage and IP and OEM licensing initiatives.

Before joining SGI in 1999, Silverman held senior product marketing positions in Hewlett-Packard's server and workstation groups. During his 10 years at HP, he also led the company's early Internet program and microprocessor strategy. Silverman held R&D and marketing positions at Apollo Computer and was a published software engineer for Lockheed's Display Products Division.

Silverman earned a B.S. degree in mechanical engineering from Rensselaer Polytechnic Institute and an M.S. degree in computer science from Lehigh University.

About Cray Inc.

As the global leader in HPC, Cray provides innovative supercomputing systems that enable scientists and engineers in government, industry and academia to meet both existing and future computational challenges. Building on years of experience in designing, developing, marketing and servicing the world's most advanced supercomputers, Cray offers a comprehensive portfolio of HPC systems that deliver unrivaled sustained performance on a wide range of applications. Go to www.cray.com for more information.

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, the successful porting of application programs to Cray computer systems, reliance on third-party suppliers 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 filed with the SEC.

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