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CRAY INC. (CRAY)
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Embry-Riddle Aeronautical University Acquires Cray CS Cluster Supercomputer to Advance Aerospace Research

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08/29/2017 | 10:06pm CEST

SEATTLE, Aug. 29, 2017 (GLOBE NEWSWIRE) --   Global supercomputer leader Cray Inc. (Nasdaq:CRAY) today announced it has delivered a Cray® CS™ cluster supercomputer to Embry-Riddle Aeronautical University in Daytona Beach, Florida. The four-cabinet Cray CS400™ system will power collaborative applied research with industry partners at the University’s new research facility – the John Mica Engineering and Aerospace Innovation Complex (“MicaPlex”) at Embry-Riddle Research Park.

Embry-Riddle Aeronautical University teaches the science, practice, and business of aviation, aerospace, and engineering. The curriculum at Embry-Riddle covers the operation, engineering, research, manufacturing, marketing, and management of modern aircraft and the systems that support them. The University engages in extensive research in astronautics, space and atmospheric physics, space vehicles, commercial space operations, as well as unmanned and autonomous aerial, land, surface and underwater systems. 

The University’s new Cray CS system, named “Vega”, which is the fifth brightest star in the sky and the second brightest star in the northern celestial hemisphere, is currently in production and will substantially enhance the University’s position to attract and conduct both applied and theoretical, externally funded research. Vega will play an important role in Embry-Riddle’s efforts to build new collaborations between the University and aerospace companies to develop, refine, and bring new products and technological services to market.

“As a powerful numerical research tool, our new Cray system is a wonderful complement to the new state-of-the-art wind tunnel and other experimental facilities at the MicaPlex,” said Dr. William Engblom, professor of Mechanical and Aerospace Engineering and HPC Committee Chair. “High-performance computing capabilities are vitally important to the aerospace and aviation industries, and we are pleased that our students and faculty can now apply the power and performance of a Cray supercomputer to their research projects.”

“Embry-Riddle has a rich, respected history in the aviation and aerospace communities, and we are honored that a Cray supercomputer will support their commitment to pioneering research and educating the next-generation of industry professionals,” said Fred Kohout, Cray’s senior vice president of products and chief marketing officer. “Our Cray CS systems leverage our 40-plus years of designing and building world-class supercomputers, and we are pleased that industry-leading organizations like Embry-Riddle continue to recognize the impact Cray supercomputers can have in achieving breakthrough results.”

The Cray CS cluster supercomputers are industry-standards-based, highly customizable, and expressly designed to handle the most demanding range of simulation, research, analytics, and machine learning problems at scale. Cray CS systems provide flexible node configurations featuring the latest processor and interconnect technologies giving customers the ability to tailor a system to specific needs — from an all-purpose high-performance computing cluster to an accelerated system configured for shared memory, large memory, or accelerator-based tasks.

For more information on the Cray CS cluster 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.

About Embry-Riddle Aeronautical University
Embry-Riddle Aeronautical University, the world’s largest, fully accredited university specializing in aviation and aerospace, is a nonprofit, independent institution offering more than 80 baccalaureate, master’s and Ph.D. degree programs in its colleges of Arts & Sciences, Aviation, Business, Engineering and Security & Intelligence. Embry-Riddle educates students at residential campuses in Daytona Beach, Fla., and Prescott, Ariz., and the Worldwide Campus with more than 125 locations in the United States, Europe, Asia and the Middle East, and through online programs. The university is a major research center, seeking solutions to real-world problems in partnership with the aerospace industry, other universities and government agencies. For more information, visit www.embryriddle.edu, follow us on Twitter (@EmbryRiddle) and facebook.com/EmbryRiddleUniversity, and find expert videos at YouTube.com/EmbryRiddleUniv.

Cray, and the stylized CRAY mark are registered trademarks of Cray Inc. in the United States and other countries, and CS and CS400 are trademarks of Cray Inc. Other product and service names mentioned herein are the trademarks of their respective owners.

Cray Media:
Nick Davis
206/701-2123
[email protected]

Cray Investors:
Paul Hiemstra
206/701-2044
[email protected]

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© GlobeNewswire 2017
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Financials ($)
Sales 2018 446 M
EBIT 2018 -42,3 M
Net income 2018 -
Debt 2018 -
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
Capi. / Sales 2018 2,30x
Capi. / Sales 2019 1,91x
Capitalization 1 026 M
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Average target price 33,7 $
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NameTitle
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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