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Cray Inks $40M Korean Contract

Seattle-based Cray, the supercomputing company, announced today it has signed a multi-year contract with the Korea Meteorological Administration worth more than $40 million. Cray (NASDAQ: CRAY) will deliver a next-generation supercomputer (capable of more than 600 trillion calculations per second), as well as service and support, to the Seoul-based weather forecasting and climate research organization. Delivery and acceptance of the supercomputer are expected in 2010.

Gregory T. Huang is the Editor of Xconomy Seattle. You can e-mail him at gthuang@xconomy.com or call 206-624-2249.

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