SEATTLE, WA -- (Marketwired) -- 09/16/14

Global supercomputer leader Cray Inc. (NASDAQ: CRAY) today announced the Company has been awarded a contract valued at more than $13 million to provide the PDC Center for High Performance Computing at the KTH Royal Institute of Technology in Stockholm, Sweden with a next-generation Cray® XC™ supercomputer.

The Cray system will be one of the first petascale supercomputers in Sweden and Scandinavia, and will allow Swedish researchers and industrial collaborators to run complex simulations in areas such as climate modeling, fluid dynamics, neuroscience, plasma physics, materials science and molecular simulation. The Center's next-generation Cray XC system will also be available to researchers across Sweden and Europe via the Swedish National Infrastructure for Computing (SNIC) and as a Tier-1 resource in the Partnership for Advanced Computing in Europe (PRACE) project.

"Ensuring our user community has the ability to apply highly-advanced supercomputing resources to support a wide array of computational research needs is a key focus for our organization," said Prof. Dr. Erwin Laure, director of the PDC Center for High Performance Computing. "Our next-generation Cray XC supercomputer will be more than six times faster than our current flagship system, and will provide outstanding applications performance for scientific productivity."

"The PDC Center for High Performance Computing is a highly-regarded research institution, and we are honored that, once again, a Cray supercomputer will provide researchers and scientists throughout Sweden and Europe with a powerful tool for solving grand challenges," said Barry Bolding, vice president of marketing and business development at Cray. "We design our XC series of supercomputers to be powerful, reliable, efficient and able to perform at high levels on the most demanding real-world scientific applications. The world's premier high performance datacenters, such as PDC/KTH, continue to turn to Cay supercomputers, and we are focused on providing this community with computational tools to meet their growing research needs."

The Cray XC series of supercomputers are engineered to meet the performance challenges of today's most demanding high performance computing (HPC) users. Special features of the Cray XC series of supercomputers include: the Aries system interconnect; a Dragonfly network topology that frees applications from locality constraints; innovative cooling systems to lower customers' total cost of ownership; the next-generation of the scalable, high performance Cray Linux Environment supporting a wide range of applications; Cray's HPC optimized programming environment, and the ability to handle a wide variety of processor types.

Consisting of products and services, the contract is valued at more than $13 million and the system is expected to be installed in 2014.

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

About the PDC Center for High Performance Computing
PDC, which is hosted by the KTH Royal Institute of Technology, operates leading-edge, high performance computers on a national level as part of the Swedish National Infrastructure for Computing (SNIC). PDC offers easily accessible computational resources that primarily cater to the needs of Swedish academic research and education. PDC also takes part in major international projects to develop high-performance computing for the future while remaining a leading national resource in parallel computing.

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 Cray's ability to deliver the system required by PDC/KTH when required and that meets PDC/KTH's needs. 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 risk that the Cray is not able to successfully complete its planned product development efforts in a timely fashion or at all, the risk that the processors planned for the next generation Cray XC systems are not available with the performance expected or when expected or are not incorporated into the Cray XC systems when expected or at all, the risk that the system required by PDC/KTH is not delivered in a timely fashion or does not perform as expected and such other risks as identified in the Company's quarterly report on Form 10-Q for the quarter ended June 30, 2014, 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 is a registered trademark of Cray Inc. in the United States and other countries, and Cray XC is a trademark of Cray Inc. Other product and service names mentioned herein are the trademarks of their respective owners.

Cray Media:
Nick Davis
206/701-2123
pr@cray.com

Cray Investors:
Paul Hiemstra
206/701-2044
ir@cray.com