News release

HP Names Dean of University of Illinois at Chicago, Prith Banerjee, as Director of HP Labs

HP today named Prith Banerjee, dean of the college of engineering at the University of Illinois at Chicago (UIC), as senior vice president, research, and director of HP Labs, effective Aug. 1.

Banerjee will report to Shane Robison, executive vice president and chief strategy and technology officer. He replaces Richard H. Lampman, who is retiring after 35 years of service with HP, including 25 years in HP Labs. Lampman will remain at HP Labs through Banerjee’s starting date to ensure an orderly transition.

“Prith’s energy, vision and combination of high achievement in scientific, academic and entrepreneurial settings make him an outstanding choice to lead HP Labs,” said Robison. “Technology is at the core of HP, and Prith’s mandate is to ensure that HP Labs continues to be one of the world’s leading research organizations.”

Banerjee, 46, has a 23-year record as a research scientist, professor and administrator. He has served since 2004 as UIC Distinguished Professor and dean of the engineering college, where he leads more than 100 faculty in six departments and eight research centers.  

Previously, Banerjee was the Walter P. Murphy Professor and chairman of electrical and computer engineering at Northwestern University. Prior to that, he was the founding director of the computational science and engineering program and professor of electrical and computer engineering at the University of Illinois at Urbana-Champaign.

“It’s a great privilege for me to become director of HP Labs, with its strong reputation for transferring technologies from the lab into the hands of its customers," said Banerjee. “I’m looking forward to joining a world-class research organization focused on creating exciting new opportunities for HP.”

Banerjee’s research interests are in parallel and distributed computing, compilers and VLSI computer-aided design. He is extensively published, has been granted several patents and has supervised a wide range of Ph.D. students.

In the commercial area, Banerjee in 2000 founded AccelChip, Inc., a developer of software for building digital-signal processing systems, which was sold last year to Xilinx, Inc. In 2004, he founded BINACHIP, Inc., which produces software to enable embedded systems developers to design and implement high-performance applications.

Banerjee received his bachelor’s degree in electronics and electrical engineering from the Indian Institute of Technology, Kharagpur, and has master’s and doctoral degrees in electrical engineering from the University of Illinois at Urbana-Champaign.

HP Labs delivers breakthrough technologies for HP’s businesses, creates new market opportunities and pursues fundamental scientific research. Much of its focus is aligned with HP’s strategic growth areas – the next-generation data center, always-connected mobile computing, and the imaging and printing experience. It also pursues advances for IT services, disruptive technologies such as nanoscale electronics, and new opportunities tailored to the needs of growing economies.

In addition to its Palo Alto headquarters, HP Labs operates research facilities in six other locations, including Bangalore, India; Beijing, China; Bristol, England; Haifa, Israel; St. Petersburg, Russia; and Tokyo, Japan.

HP Labs, established in 1966, is one element of HP’s annual $3.6 billion program in technology research and development, which is also conducted extensively in the company’s business units. More information about HP Labs is available at www.hpl.hp.com.

About HP

HP focuses on simplifying technology experiences for all of its customers – from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the world’s largest IT companies, with revenue totaling $94.1 billion for the four fiscal quarters ended Jan. 31, 2007. More information about HP (NYSE: HPQ) is available at http://www.hp.com.

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 or market share relating to products and services; 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 the achievement of expected results and 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, 2007. HP assumes no obligation and does not intend to update these forward-looking statements.

© 2007 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.