News release

HP Designjet 5000 UV Printing System Delivers Full Printing Flexibility With Unparalleled Image Quality

HP Printing Solution Offers Long-lasting, Full-color Prints for Print Service Providers, Signage and Fine Arts Customers

PALO ALTO, Calif., Feb. 5, 2001

Hewlett-Packard Company (NYSE: HWP) today unveiled a revolutionary UV printing system, designed for HP Designjet 5000 series customers who require the best in production printing. Building on the launch last August of its latest large-format printing systems, HP now provides a complete solution, offering a winning combination of ultimate image quality, high speed and long-lasting ink images, as well as an interchangeable ink system that supports both UV and dye-based inks.

Today's announcement also includes the HP Durable Image Gloss UV printing material, which offers brilliant, photo-quality prints that are smear and moisture resistant for both indoor and outdoor applications. With a specially designed coating, prints dry fast and are ready to laminate immediately.

HP Designjet 5000 UV Printing System

The HP Designjet 5000 UV printing system offers customers a range of benefits, including:

• Complete printing flexibility -- unlike many other printing systems, the HP 83 UV ink system is fully interchangeable with the HP 81 dye-based ink system, enabling customers to swap between inks on a single printer;

• Full-color images -- using six-color inks, including light cyan and light magenta, HP 83 UV ink supplies achieve a color gamut and image quality comparable to HP's dye-based inks;

• Durable images -- HP's innovative UV inks deliver long-lasting, lightfast prints with an outdoor limited warranty of three years under the 3M Matched Component System and an expected indoor fade resistance of up to 200 years; and

• High-speed UV printing -- with HP Jetexpress technology, using wide printheads for a broader print swath and high-resolution print modes, HP Designjet 5000 UV printing systems deliver high-quality UV-resistant images at speeds of over 500 square feet per hour.

Now, print service providers, sign-makers and retailers can quickly produce a full range of long-lasting, photo-quality prints for both indoors and outdoors while fine arts customers benefit from archivable prints with an excellent color range.

Upgrade Kits

In North America, the HP Designjet 5000 series printing systems ship directly with either HP 83 UV inks or HP 81 dye-based inks. Separate HP UV or dye-based ink upgrade kits also will be available, enabling customers to use both sets of inks with their printer and to switch between the two.

Outside of North America, all printers will ship with HP 81 dye-based inks and HP UV ink upgrade kits.

HP Printing Materials

In addition to the HP Durable Image Gloss UV printing material, HP Colorlucent Backlit UV printing material is now available in 60-inch format, delivering sharp, high-contrast images that are brilliant with backlighting. Other printing materials available for the UV inks include: HP Heavyweight Coated Paper, HP Studio Canvas, HP Banners with Tyvek, HP Colorfast Adhesive Vinyl and 3M Changeable Opaque Imaging Media.

U.S. Pricing and Availability

The HP Designjet 5000 UV printing system is expected to be available in March for an estimated U.S. list price of $10,495(1) for the 42-inch model.

The HP 83 UV ink cartridges and the HP 83 UV printhead/cleaners are available at an estimated U.S. list price of $335(1) and $140(1), respectively. The HP 83 UV Value Pack, which includes both the cartridges and the printhead/cleaners, is available for an estimated U.S. list price of $405(1).

The HP UV ink upgrade kit(2), including HP 83 UV ink supplies, are expected to be available in March for an estimated U.S. list price of $2,789(1).

The HP dye-based ink upgrade kit(2), including HP 81 dye ink supplies, also are expected to be available in March at an estimated U.S. list price of $2,210.

The HP Durable Image gloss UV printing material is expected to be available in a 36-inch width in March and in 42- and 60-inch widths in early May.

The HP Designjet 5000 UV printing system is backed by a one-year limited warranty with on-site, next-business-day service at no charge from HP's service and support centers around the world.

More information on HP Designjet printers, inks and printing materials is available on the Web at www.hp.com/go/designjet.

About HP

Hewlett-Packard Company -- a leading global provider of computing and imaging solutions and services -- is focused on making technology and its benefits accessible to individuals and businesses through simple appliances, useful e-services and an Internet infrastructure that's always on.

HP has 88,500 employees worldwide and had total revenue from continuing operations of $48.8 billion in its 2000 fiscal year. Information about HP and its products can be found on the World Wide Web at http://www.hp.com.

(1) Actual prices may vary.

(2) Upgrade kits include inks, printhead/cleaners and a printhead storage container.

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the possibility that the market for the sale of certain products and services may not develop as expected; that development of these products and services may not proceed as planned; and other risks that are described from time to time in HP's Securities and Exchange Commission reports, including but not limited to the annual report on Form 10-K for the year ended Oct. 31, 2000, and subsequently filed reports. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, HP's results could differ materially from HP's expectations in these statements. HP does not intend to update these forward-looking statements.