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HP Unveils New Printing Innovations That Digitize the Office, Help Reduce Costs

PALO ALTO, CA -- (Marketwire) -- 10/30/12 -- HP (NYSE: HPQ) today announced new HP Officejet Pro and HP LaserJet printers and content management solutions designed to redefine business and government printing by enabling customers to reduce costs, increase efficiency and digitize the office.

The new offerings represent the largest upgrade to HP's commercial printers in almost a decade, signifying the integration of intellectual property (IP) and innovation from across the organization.

"Our customers need innovative technology tailored to their workflow that is simple and effective, and helps them conduct business," said Todd Bradley, executive vice president, HP Printing and Personal Systems. "HP is offering new ways to print that have not previously been possible -- with superb speed and performance to drive a new level of office efficiency."

HP Officejet Pro: Outstanding speed, quality, reliability and cost efficiency for SMBs
HP Officejet Pro X Series desktop printers and multifunction printers (MFP) deliver up to twice the speed at up to half the printing cost compared with color laser printers in their class.(1, 2) This new class of devices is powered by HP PageWide Technology, the next-generation inkjet platform that sets a new standard for small work team printing. It offers small and medium-sized businesses (SMBs), remote offices and branch offices high-quality documents at up to 70 pages per minute.(3)

HP LaserJet and cloud-based solutions digitize the office, simplify data access
The creation of vast amounts of business and government data means customers need a way to streamline how information is managed and accessed. The HP LaserJet Enterprise flow MFP M525c and HP LaserJet Enterprise color flow MFP M575c offer higher-performance document processing and sharing. This provides an ideal on-ramp to the digitized world with premium scanning and data entry that speed the transition from a paper to digital office.

The HP flow MFPs can be integrated with content management solutions based on software from Autonomy, an HP Company, either on-site or via the cloud. By pairing HP printing technology with Autonomy solutions, customers can access, organize and leverage information in documents, audio, video, email and web pages.

The HP Flow CM Professional brings enterprise-class content management to growing businesses, with security features that also support leading banks, legal firms and stock exchanges. The cloud-based offering increases collaboration and productivity by easily capturing, indexing, storing, searching and retrieving documents through a unique user-friendly interface designed with the customer in mind.

The HP Flow CM Enterprise is composed of a set of enterprise content management (ECM) offerings for large organizations that give instant access to vital information and help to integrate, simplify and automate processes to help reduce operating costs, improve employee productivity and assist with compliance efforts.

"The HP Flow CM Professional and HP flow MFPs offer us an opportunity to improve employee productivity via collaboration and streamlined processes, allowing us to focus more time toward our customers and overall business," said Stephen Cassar, chief executive officer, TICKETsage. "We see these offerings as having a very positive impact on our business -- making it easy to scan documents, easy to find them in the cloud-based document management system and easy to print out information."

Office printing to increase productivity
Organizations of all sizes can address the need to increase productivity while reducing the complexity of their printing environment.

For SMBs looking to increase office efficiencies with fast, powerful prints, HP is offering two additional series of HP LaserJet Pro printers. HP also is introducing new and enhanced document workflow solutions along with HP LaserJet Enterprise series printers that simplify productivity in enterprise organizations. For workers on the go, HP now offers greater access to print from cloud-based applications, incorporating Google Apps mailbox support through its HP ePrint Enterprise.(4)

For improving workflow through targeted customer communications across print and electronic channels, HP is offering HP Exstream LiveSite Connector and HP Claims Correspondence 2.0. HP Exstream LiveSite Connector combines solutions from Autonomy and HP Exstream to offer consistent, analytics-based, targeted customer communications. HP Claims Correspondence 2.0 reduces claims-settlement cycle time, provides faster correspondence processing and improves online awareness of claims status by uniting document content with people and processes.

Additional information about today's announcements is available at www.hp.com/go/FallBizPrinting.

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) Comparison based on manufacturers' published specifications of fastest available color mode (as of March 2012) and includes color laser MFPs < $1,000 USD and color laser printers < $800 USD available March 2012 based on market share as reported by IDC as of Q1 2012 and HP internal testing of printer in fastest available color mode (sample four-page category documents tested from ISO 24734). Additional information is available at www.hp.com/go/printerclaims.
(2) Cost per page (CPP) claim is based on the majority of color laser MFPs < $1,000 USD and color laser printers < $800 USD as of March 2012. ISO yield based on continuous printing in default mode based on market share as reported by IDC as of Q1 2012. CPP comparisons for laser supplies are based on published specifications of the manufacturers' highest-capacity cartridges. CPP based on HP 970XL/971XL ink cartridges estimated street price. Additional information is available at www.hp.com/go/learnaboutsupplies.
(3) After first set of ISO test pages. Additional information is available at www.hp.com/go/printerclaims.
(4) HP ePrint Enterprise requires HP ePrint Enterprise server software. App-based option requires internet- and email-capable BlackBerry smartphone OS 4.5 or newer; iPhone® 3G or newer, iPad® and iPod Touch® (2nd generation) devices running iOS 4.2 or later; or Android® devices running version 2.1, 2.2, 2.3, with separately purchased wireless internet service and the HP ePrint service app. Email-based option requires any email-capable device and authorized email address. Solution works with PCL5/6, PCL3, and PCL3GUI printers (HP and non-HP).

iPod is a trademark of Apple Computer, Inc.

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; any statements concerning expected development, performance, market share or competitive performance 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; assumptions related to pension and other post-retirement costs and retirement programs; the execution, timing and results of restructuring plans, including estimates and assumptions related to the cost and the anticipated benefits of implementing those plans; 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 July 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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