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HP Fuels Imaging and Printing Growth with Expanded Offerings, New Technologies, Customer WinsSAN FRANCISCO, May 31, 2006
Driving growth across its $25 billion imaging and printing business, HP today announced a fleet of products for fall, the expansion of its Halo Collaboration Studio business and two company milestones.
HP rolled out more than 100 imaging and printing products for the home and home office, including six HP Photosmart printers and all-in-ones based on the company's scalable printing technology to deliver the industry's fastest printing speeds(1) at affordable prices - as low as $129(2); HP's first printer with a touch-activated image display for an easy-to-use, kiosk-like printing experience in the home; the industry's first compact photo printer capable of storing up to 4,000 photos; and four ultra-compact digital cameras.
HP additionally unveiled new versions of the HP 57 and HP 78 ink cartridges, named HP 57+ and HP 78+. These cartridges work with existing HP printers, but now contain HP Vivera ink to produce crisp text and photos that last up to 50 years longer(3) than the original HP inks.
The company also continued its investment in HP Halo Collaboration Studios with advancements designed to enable customers to grow their businesses while operating more efficiently. Customers now have the ability to connect multiple studios at one time and access interpretation services for more than 150 languages -- including sign language - within seconds of the request. These advancements make it easy for customers to do business in a life-like, face-to-face environment regardless of the geographic distances separating them from their colleagues.
The recently launched Halo business has been steadily growing with numerous enterprise customer wins, including AIG Financial Products Corp., BHP Billiton and General Electric Commercial Finance. They join customers AMD, DreamWorks Animation and Pepsi Co., among others.
"Today, we're illustrating that HP is in the right markets with the right products and technologies at the right time," said Vyomesh Joshi, executive vice president, Imaging and Printing Group, HP. "We are further realizing the results of our $1.4 billion investment in HP's scalable printing technology and continuing to innovate in new markets, like Halo, to drive growth across our entire imaging and printing business."
Marking one company milestone, HP is celebrating its first customer to use the full range of HP graphic arts printing solutions. With the purchase of two super-wide HP Scitex solutions, Rastar, a comprehensive marketing communications company, now offers postcard-to-billboard digital printing services to its clients. The HP Scitex purchase rounds out Salt Lake City-based Rastar's existing suite of HP products, including HP Designjet large-format printers, HP Indigo digital presses and inkjet solutions incorporating HP Specialty Printing Systems OEM technology.
In another milestone, the company announced shipment of the 100 millionth HP LaserJet printer. For more than 20 years HP has introduced laser printing products and innovations, leading to the significant growth and success of its LaserJet business. Today, HP is the worldwide market leader in laser printing, offering the broadest range of business printing solutions from home office to large enterprise products, services and solutions.
Strengthening and extending the core business
HP's product rollout continues its tradition of innovating and simplifying the printing experience - whether customers are on the go, at home or at work.
The six HP Photosmart printers and all-in-ones that leverage the company's scalable printing technology are designed specifically to deliver high-performance printing for high-volume users.
For the back-to-school and holiday shopping seasons, the company debuted its first touch-activated LCD on the new HP Photosmart D7360 Photo Printer for a kiosk-like printing experience at home. Additionally, HP unveiled the industry's first compact photo printer packed with the power of a PC. The HP Photosmart A716 Compact Photo Printer is the only printer of its kind capable of storing up to 4,000 photos. Its sleek and stylish design, including a built-in handle, and optional battery make it a truly portable accessory for vacations, family celebrations and other special occasions.
The HP Photosmart A716 Compact Photo Printer is joined by the HP Photosmart A616 and A516 Compact Photo Printers and the HP Photosmart A430 Portable Photo Studio series and features new HP Vivera inks (HP 110 print cartridge). The new inks are specially formulated to deliver water-, smudge- and scratch-resistant photos(4) and are also featured in the HP Photo Value Pack (110 series). The value pack, which includes ink and paper for 120 4 x 6-inch photos in one convenient package, is priced at $34.99.(5)
HP also reported results from a printer comparison study conducted by third-party research firm Doxus that reveals consumers believe HP Photosmart printers deliver the best overall photo printing experience.(6)
Making it easier to take great photos, HP added four feature-packed models to its digital camera line - two of which feature HP steady photo anti-shake mode designed to help prevent blurred photos. Leading the lineup, the 10-megapixel HP Photosmart R967 Digital Camera features a 3-inch image display, durable metal body and sleek silver design. With today's introduction, HP now has the broadest portfolio of cameras with in-camera red-eye removal under $500.(7)
Strategic investments in new business
In addition to HP's new relationship with Language Line Services to provide HP Halo Collaboration Studio customers with language interpretation capabilities, HP announced more than a 20 percent price reduction for the solution. Halo studios now start around $425,000; additional pricing reductions occur as more rooms are purchased. Through HP Financial Services, customers can now finance the entire cost of their Halo studios and consolidate costs into monthly or quarterly payments.(8)
To date, 50 Halo studios have either been deployed on HP's Halo Video Exchange Network or are in development around the world - up from 18 rooms when HP Halo officially launched six months ago.
HP is a technology solutions provider to consumers, businesses and institutions globally. The company’s offerings span IT infrastructure, global services, business and home computing, and imaging and printing. For the four fiscal quarters ended April 30, 2006, HP revenue totaled $88.9 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at http://www.hp.com.
(1) Speed comparisons in default and fastest modes, when printing from a computer, based upon HP internal testing of comparable consumer photo printing products available as of April 2006
(2) Estimated street price. Actual price will vary by country.
(3) 50 years longer than photos printed using standard HP 57 and HP 78 ink cartridges. Fade-resistance based on Wilhelm Imaging Research, Inc. Light fade testing under glass using HP Vivera Inks on HP Premium Plus Photo Paper & HP Premium Photo Paper.
(4) Water-, smudge- and scratch-resistant photos produced when using original HP Vivera 110 inks with HP Advanced Photo Paper.
(5) Special offer with purchase of HP Photo Value Pack, Custom 110 Series, 4 x 6-inch, 120 sheets. Based on estimated street price. Results may vary based on images printed and other factors.
(6) Worldwide photo printing research conducted by Doxus, March-April 2006. Details and a list of tested printers is available at http://www.doxus.com
(7) More information is available at http://www.hp.com/go/noredeye.
(8) Financing available to qualified commercial customers through Hewlett-Packard Financial Services Company or one of its affiliates and is subject to credit approval and execution of standard HP Financial Services documentation. Other restrictions may apply. HP Financial Services reserves the right to change or cancel this promotion at any time without notice.
This news release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they ever materialize or prove incorrect, could cause the results of HP and its consolidated subsidiaries to 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 expected benefits of the transaction; management plans relating to the transaction; the expected timing of the completion of the transaction; statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the possibility that expected benefits may not materialize as expected; risks related to the timing or ultimate completion of the transaction; and other risks other risks that are described from time to time in HP's Securities and Exchange Commission reports, including but not limited to the risks described in HP's Quarterly Report on Form 10-Q for the fiscal quarter ended Jan. 31, 2006, and other reports filed after HP's Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2005. HP assumes no obligation and does not intend to update these forward-looking statements.