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Cray Tapped to Deliver Largest Supercomputer Dedicated to Fusion Science in Japan by National Institutes for Quantum and Radiological Science and Technology

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03/14/2018 | 09:06pm CET

SEATTLE, March 14, 2018 (GLOBE NEWSWIRE) -- Global supercomputer leader Cray Inc. (Nasdaq:CRAY) today announced that the National Institutes for Quantum and Radiological Science and Technology (QST) selected a Cray XC50™  supercomputer to be its new flagship supercomputing system. The new system is expected to deliver peak performance of over 4 petaflops, an increase of more than 2 times the system it is replacing. It will support QST in powering complex calculations for plasma physics (turbulence, edge physics, integrated modeling) and fusion technology, and will be the largest supercomputer used specifically for nuclear fusion science in Japan.

The Cray XC50 supercomputer will be installed at the Rokkasho Fusion Institute in Japan. The Cray supercomputer will replace Helios, the Institute’s prior supercomputer used for the Broader Approach project between the European Atomic Energy Community (Euratom) and Japan. The supercomputer will accelerate the realization of fusion energy through R&D and advanced technologies project and will complement the ITER project, a worldwide collaboration designed to demonstrate the scientific feasibility of fusion power as an environmentally responsible energy source.

“We’re looking forward to delivering a supercomputer for QST that will further the Institute’s work in discovering opportunities for fusion power as a reliable energy source,” said Mamoru Nakano, president of Cray Japan. “The speed and integrated software environment of the Cray XC50 will enhance QST’s infrastructure and allow researchers to speed time to discovery.”

QST will be providing more than 1,000 European and Japanese fusion researchers with the high-performance computing technology required to advance game-changing research in fusion power. The Cray system will provide the performance and scale necessary to support QST researchers in running complex plasma calculations as part of the ITER project.

The Cray XC series of supercomputers are designed to handle the most challenging workloads requiring sustained multi-petaflop performance. The Cray XC supercomputers incorporate the Aries high-performance network interconnect for low latency and scalable global bandwidth, the HPC-optimized Cray Linux Environment, the Cray programming environment consisting of powerful tools for application developers, as well as the latest Intel® processors and NVIDIA® GPU accelerators. The Cray XC supercomputers deliver on Cray’s commitment to performance supercomputing with an architecture and tightly-integrated software environment that provides extreme scalability and sustained performance.

The system is expected to be put into production in 2018.

For more information on the Cray XC™ supercomputers, please visit the Cray website at www.cray.com.

About Cray Inc.
Global supercomputing leader Cray Inc. (Nasdaq:CRAY) provides innovative systems and solutions enabling scientists and engineers in industry, academia and government to meet existing and future simulation and analytics challenges. Leveraging more than 40 years of experience in developing and servicing the world’s most advanced supercomputers, Cray offers a comprehensive portfolio of supercomputers and big data storage and analytics solutions delivering unrivaled performance, efficiency and scalability. 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 meet 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 the timing and delivery of the system ordered by QST and Cray’s ability to deliver a system that meets QST’s requirements. 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 the system required by QST is not delivered in a timely fashion or does not perform as expected and such other risks as identified in the Company’s annual quarterly on Form 10-K for the year ended December 31, 2017, 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 and the stylized CRAY mark are registered trademarks of Cray Inc. in the United States and other countries, and XC and XC50 are trademarks of Cray Inc. Other product and services names mentioned herein are the trademarks of their respective owners.

Cray Media:
Juliet McGinnis
[email protected]

Cray Investors:
Paul Hiemstra
[email protected] 

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© GlobeNewswire 2018
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Financials ($)
Sales 2018 442 M
EBIT 2018 -39,6 M
Net income 2018 -
Debt 2018 -
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
Capi. / Sales 2018 1,95x
Capi. / Sales 2019 1,62x
Capitalization 860 M
Duration : Period :
Cray Inc. Technical Analysis Chart | CRAY | US2252233042 | 4-Traders
Technical analysis trends CRAY INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 30,3 $
Spread / Average Target 43%
Peter J. Ungaro President, Chief Executive Officer & Director
Stephen C. Kiely Non-Executive Chairman
Wayne J. Kugel Senior VP-Operations & Customer Support
Brian C. Henry Chief Financial Officer & Executive Vice President
Steven Lee Scott Chief Technology Officer & Senior Vice President
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