Cray Inc. Achieves Major Development Milestone with Cray SV2

SEATTLE, WA -- Supercomputer provider Cray Inc. (Nasdaq:CRAY) today announced that its Cray SV2(TM) supercomputer completed a significant development milestone. The new system, expected to be the world's most powerful computer product when it begins shipping in the second half of 2002, recently ran software applications using system software and hardware for the first time.