SOURCE: Cray Inc.

February 29, 2008 11:24 ET

Cray's Brian Henry Co-Awarded 2008 CFO of the Year by Puget Sound Business Journal

Broad Experience and Strong Achievements Earn Henry Title

SEATTLE, WA--(Marketwire - February 29, 2008) - Global supercomputer leader Cray Inc. (NASDAQ: CRAY) today announced that its chief financial officer (CFO) Brian Henry was co-awarded the 2008 CFO of the Year award in the Public Company category by the Puget Sound Business Journal. Brian's broad business experience, in addition to his strong financial background, and his achievements in readying Cray for a significant financial turn around and positioning the company for growth were cited as key strengths that earned him this recognition. Brian shares the award with the CFO of Bellevue's Coinstar.

"I'm honored to receive this award," said Henry. "2006 marked the beginning of a major turn around effort for Cray, an effort that continues today and which I am proud to be a part of. One of the more important goals I've achieved at Cray is to build a tremendously talented finance team to support and drive the company's endeavors. My focus will continue to be on driving shareholder value and setting Cray on a path to long-term success."

Brian began his career as an auditor at Deloitte & Touche and joined Cray as its CFO in 2005. Before coming to Cray, Brian held the positions of CFO, executive vice president, vice president and chief operating officer for companies that include Onyx Software Corporation, Cincinnati Bell, Convergys Corporation and Mentor Graphics. He received a Bachelors of Science degree from Portland State University and an MBA from Harvard University, where he graduated in the top five percent of his class, receiving the school's highest academic award, the Baker Scholar recognition.

"Brian's broad business management experience, far beyond that of a typical CFO, has made him a huge contributor to Cray and many of our key successes in the last several years," said Peter Ungaro, president and CEO of Cray. "He has been integrally involved in strategic and operating decisions that have dramatically improved our financial position and ensured that Cray will be positioned to thrive in the future -- driving strategic decisions that refined our product roadmap to grow revenue and enhance profitability, working with major existing contracts to create win-win opportunities for both Cray and our partners and improving our operations efficiency across the company."

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 enables 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 will result in 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.

Cray is a registered trademark of Cray Inc.

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