HP Unveils Breakthrough Color Inkjet Web Press Technology, Showcases New HP Indigo Portfolio at drupa 2012

DUSSELDORF, GERMANY -- (Marketwire) -- May 03, 2012 -- HP (NYSE: HPQ) today demonstrated its first full-color HP Inkjet Web Press operating at an increased speed of 244 meters (800 feet) per minute, 33 percent faster than existing models.

Also at drupa 2012, the graphic arts industry's most significant tradeshow, HP announced strong market acceptance of its new portfolio. These deals include five beta customers for the HP Indigo 10000 Digital Press, the first sheet-fed HP press on the market supporting a larger B2-size (29-inch/75-cm) format. The new series of B2-format HP Indigo presses introduced in March are capable of producing almost any commercial print job and a much broader range of packaging applications.

HP also has signed agreements with more than 70 print service providers (PSPs) for the new HP Indigo 5600 and 7600 Digital Presses, which offer improved productivity and color image quality for commercial applications, such as marketing collateral, direct mail and publishing. Available now, the HP Indigo 7600 also provides high-value effects that help PSPs create unique decoration for invitations, greeting cards, luxury product brochures and other print materials.

In addition, HP announced it has already received orders for its first complete high-speed mono and color imprinting solutions and its new series of higher-speed inkjet web presses featuring new inks, printheads and glossy coated paper that support faster print speeds without compromising image quality. The company now has installed more than 70 HP Inkjet Web Presses worldwide, which have produced a cumulative total of more than 11 billion pages.

"We're driving an unstoppable transformation from analog to digital printing, where our broad portfolio of digital solutions is reshaping the products and services PSPs can offer their customers," said Christopher Morgan, senior vice president, Graphics Solutions Business, HP.

HP's drupa stand in Hall 4 at Messe Düsseldorf reflects HP's industry leadership in high-quality, versatile and productive color-printing solutions. The HP stand features the 10 new digital printing systems announced in March to help PSPs grow their businesses with reliable, high-productivity operation and a broad color gamut for rich, accurate image reproduction.

Capturing new applications with higher-speed color inkjet printing
HP Inkjet Web Press technologies -- first unveiled at drupa 2008 -- have helped customers achieve significant advancements in publishing, production mail and other applications. The new HP T410, T360 and T230 Color Inkjet Web Presses feature new advanced inkjet printhead technology and nanotechnology pigment inks, supporting higher speeds without compromising image quality.(1)

"With the improved productivity and quality of HP printing systems, we see inkjet presses now extending beyond direct mail and publishing applications to penetrate the market for high-volume general commercial print," said Morgan.

Strong rollout for the new HP Indigo Digital Presses
The first beta installations for the HP Indigo 10000 will be made in late 2012, with commercial availability scheduled for early next year. Beta users will include Consolidated Graphics (U.S.), Elanders (Germany), Old City Press (Israel), Precision Printing (U.K.) and Wing Hung Group (Hong Kong).

"Having the B2-format will offer greater efficiencies and the opportunity for new jobs that presently cannot be produced on digital presses," said John Lau, chairman, Wing Hung Group.

Available now, the press offers unique special effects that help PSPs create higher-value decoration for invitations, greeting cards, luxury product brochures and other print materials.

Additional information is available at www.hp.com/go/HPdrupa12, www.hp.com/go/drupa and through the HP Graphic Arts Twitter feed at www.twitter.com/hpgraphicarts and YouTube channel at www.youtube.com/hpgraphicarts. Join or follow the conversation using the #HPdrupa hashtag.

About HP
HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world's largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP is available at http://www.hp.com.

(1) Compared to the HP T400, HP T350 and HP T200 Color Inkjet Web Presses.

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations, including execution of cost reduction programs and restructuring and integration plans; any statements concerning expected development, performance or market share relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the competitive pressures faced by HP's businesses; the development and transition of new products and services (and the enhancement of existing products and services) to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its customers, suppliers and partners; the protection of HP's intellectual property assets, including intellectual property licensed from third parties; integration and other risks associated with business combination and investment transactions; the hiring and retention of key employees; expectations and assumptions relating to the execution and timing of cost reduction programs and restructuring and integration plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP's Quarterly Report on Form 10-Q for the fiscal quarter ended January 31, 2012 and HP's other filings with the Securities and Exchange Commission, including HP's Annual Report on Form 10-K for the fiscal year ended October 31, 2011. HP assumes no obligation and does not intend to update these forward-looking statements.

© 2012 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.

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