SOURCE: Cray Inc.

Cray Inc.

June 09, 2009 20:35 ET

Korea Meteorological Administration Selects Cray to Negotiate Multi-Year Supercomputer Contract

SEATTLE, WA--(Marketwire - June 9, 2009) - Global supercomputer leader Cray Inc. (NASDAQ: CRAY) today announced that the Korea Meteorological Administration (KMA) has selected Cray as the preferred bidder for a multi-year contract to provide KMA with a next-generation supercomputer.

Contract negotiations are ongoing and an official announcement will be made once the contract has been completed, which is expected to occur in the coming months. The full scope, conditions, options and other contract terms are subject to the negotiation process. No assurance can be given that the negotiations will be completed successfully by Cray.

Based in Seoul, Korea, KMA's mission is operational weather forecasting and climate research for the benefit and welfare of the Korean public and industry. KMA will use the proposed supercomputing products to provide more accurate weather forecasts for the East-Asia Pacific region through increased model resolution, new forecasting models, increased ensemble sizes and the implementation of advanced data assimilation.

About the Korea Meteorological Administration

Established in 1949 as the Central Meteorological Office, KMA is a governmental organization dedicated to improving public welfare through the prevention and mitigation of meteorological disasters, by supporting government and business activities such as aeronautics that depend on accurate weather prediction, and by producing scientific information on climate change. KMA comprises the Forecast, Observation and Climate bureaus; the Planning and Information offices; METRI; aviation weather stations; five Regional Meteorological Offices with more than 1,200 employees; and 94 weather and observation stations. The organization collaborates with other entities engaged in meteorological research and prediction worldwide. Go to web.kma.go.kr/eng/index.jsp for more information.

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.

Safe Harbor Statement

This press release contains forward-looking statements. There are certain factors that could cause Cray's execution to differ materially from those anticipated by the statements above, including the technical challenges of developing high performance computing systems, including potential delays in development programs; significant reliance on third-party development service and parts suppliers, including their competitiveness with other suppliers and potential delays in the results of their development and in the availability of qualified parts from suppliers; Cray's ability to scale its systems to targeted levels of performance; the successful passing of acceptance tests; Cray's ability to keep up with rapid technological change; and general political, economic and market conditions. For a discussion of these and other risks, see "Risk Factors" in Cray's most recent Quarterly Report on Form 10-Q filed with the SEC.

Cray is a registered trademark of Cray Inc.

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