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SEATTLE - Global supercomputer leader Cray Inc. today announced that it ranked number three on the 2002 Deloitte & Touche Technology Fast 500, a ranking of the 500 fastest-growing technology companies in North America. Rankings are based on percentage revenue growth over five years, from 1997-2001. Cray grew 180,450 percent during this period. Cray chairman and CEO Jim Rottsolk said, "Cray progressed during this period from a development-stage firm to a highly competitive operating-stage company, thanks to the dedicated talent of our employees and the increased confidence of our customers and investors. I'm proud of our accomplishments to date, and excited about our next five years together." "With its ranking on the prestigious Deloitte & Touche Technology Fast 500, Cray's leaders have proven that they have the vision and the fortitude to excel in the highly competitive technology industry," said Mark A. Evans, managing director of Deloitte & Touche's Technology, Media & Telecommunications Group. "We congratulate Cray on becoming one of the 500 fastest growing technology companies in the United States and Canada." In addition to ranking on the Deloitte & Touche Technology Fast 500, Cray ranked first on the Washington Technology Fast 50, which is a ranking of the 50 fastest-growing technology firms in Washington state. Fast 500 Selection and Qualifications The Fast 500 list is compiled from three sources: Deloitte & Touche's 20 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, companies must have had 1997 operating revenues of at least $50,000 USD and $75,000 CD, for United States and Canada respectively, must be public or private companies headquartered in North America, and be "technology companies" defined as companies that own proprietary technology that contributes to a significant portion of the company's operating revenues or devote a high percentage of effort to research and development of technology. Technology Fast 500 winners are invited to an exclusive CEO Summit held each spring. The CEO Summit, now in its fifth year, is designed to address the unique business challenges facing these super-charged technology companies.