Cray announced today that it has signed a contract to provide the Korea Meteorological Association with two next-generation XC supercomputers. The deal, worth $54 million, will help the KMA to provide more accurate weather forecasts.
The supercomputers will provide multiple petaflops of processing power for the KMA’s workloads, as well as stability. One of the units will be used for production, while the other will be kept as a research and backup unit. The two supercomputers will be hooked up to a Cray Sonexion storage array capable of housing 21.7 petabytes of data.
Cray’s contract has multiple phases, and the company expects to complete final delivery of its systems in 2015.
The KMA deal is a clear sign that Cray is working to ramp up sales of its next-generation XC line. The company announced in April that it reached a deal with the National Energy Research Scientific Computing Center in California to provide another next-generation XC for its research.
Today’s deal is another good sign for Cray’s financial prospects. The supercomputing company has been disappointing Wall Street analysts for the past few quarters, with the stock down six percent so far this year. But this agreement will provide the company with additional revenue over the coming years.
Shares of Cray were up more than 2 percent following the news, giving the company a $1.06 billion market value.
