FOR IMMEDIATE RELEASE|
June 18, 2002
Red Storm supercomputer slated for 2004
Sandia entering into negotiations with Cray Inc. for $90 million supercomputer partnership
ALBUQUERQUE, N.M. Following a competitive selection process the National Nuclear Security Administrations (NNSA) Sandia National Laboratories has announced that it will enter into negotiations with Cray Inc. (NASDAQ NM: CRAY) for a multiyear project, valued at approximately $90 million, to develop and deliver a new massively parallel processing (MPP) supercomputer named Red Storm. The contract for the project is expected to be completed within a month. Further details will be available at that time.
Sandia is a multiprogram laboratory operated by Sandia Corporation, a Lockheed Martin Company, for the United States Department of Energys National Nuclear Security Administration under contract DE-AC04-94AL85000. With main facilities in Albuquerque, N.M., and Livermore, Calif., Sandia has major research and development responsibilities in national security, energy and environmental technologies, and economic competitiveness.
Sandia media contact: Neal Singer, email@example.com, (505) 845-7078