ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

CRAY Cray Inc

35.01
0.00 (0.00%)
06 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cray Inc NASDAQ:CRAY NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 35.01 34.98 35.68 0 01:00:00

Vanguard to Tap Cray for New Stargate Imaging Security Solution

29/11/2018 2:00pm

GlobeNewswire Inc.


Cray (NASDAQ:CRAY)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Cray Charts.

Global supercomputer leader Cray Inc. (Nasdaq:CRAY) today announced that Vanguard Infrastructures, Inc. has selected the Cray® XC™ supercomputing system as the compute and real-time analytics engine for the new Vanguard Stargate Imaging security scanning solution. The Cray XC system was selected because of its exceptional ability to process massive amounts of data at high speed.

Until now, scanning and inspecting large volumes of goods in transit and across borders was a slow, intrusive process that, either didn’t meet all security requirements, or created unacceptable shipping delays. The Vanguard Stargate Imaging security solution addresses these key pain points by delivering speed and accuracy in a highly scalable, and secure 3D imaging system that tracks carrier container content with advanced scanning methods at high-speeds.

The Stargate Imaging solution identifies the atomic numbers associated with materials in a shipping container at near real-time speed to spot potentially threatening or hazardous content without the need to open and manually inspect each container. Stargate Imaging scanners can be sized to cover pallets, tarmac scanners for aircraft containers, mobile scanners, border crossing scanners for trucks and railcars and seaport containers. The Cray XC supercomputing systems provide the necessary compute and analytics capability to process and analyze these large volumes of data, in near real-time.

“Cray is a natural choice for the innovative Stargate Imaging solution,” said Vanguard’s CEO, Troy Cooper. “The compute scalability, the analytics software environment, and sheer horsepower are critical to enable the Stargate Imaging solution.”

The Vanguard Stargate Imaging solution is designed to be deployed at ports of entry with a high volume of goods in transshipment. A Cray XC system will support each Stargate Imaging security scanner in the field, as well as serve as the data and analytics processing engine in centralized data centers. Vanguard plans to have their first Stargate Imaging systems deployed in Q4 2019.

“We are excited about the potential of Vanguard’s Stargate Imaging security solution,” said Frederick Kohout, senior vice president and CMO at Cray. “It is a great example of a new class of applications in the digital era that surpass the capability of traditional enterprise server infrastructure and require the largescale data processing and data movement Cray systems are built to handle.”

About Cray Inc.Cray Inc. (Nasdaq:CRAY) combines computation and creativity so visionaries can keep asking questions that challenge the limits of possibility. Drawing on more than 45 years of experience, Cray develops the world’s most advanced supercomputers, pushing the boundaries of performance, efficiency and scalability. Cray continues to innovate today at the convergence of data and discovery, offering a comprehensive portfolio of supercomputers, high-performance storage, data analytics and artificial intelligence solutions. Go to www.cray.com for more information.

Safe Harbor StatementThis 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 the planned deployment of Stargate Imaging systems utilizing Cray systems. 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 Vanguard is not able to deploy Stargate Imaging systems utilizing Cray systems as or when expected or at all, the risk that Cray XC systems for Stargate Imaging systems are not delivered in a timely fashion or do not perform as expected and such other risks as identified in the Company’s quarterly report on Form 10-Q for the quarter ended September 30, 2018, 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 XC are trademarks of Cray Inc. Other product and service names mentioned herein are the trademarks of their respective owners.

Cray Media:Juliet McGinnis206/701-2152pr@cray.com

Cray Investors:Paul Hiemstra206/701-2044ir@cray.com

1 Year Cray Chart

1 Year Cray Chart

1 Month Cray Chart

1 Month Cray Chart

Your Recent History

Delayed Upgrade Clock