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HP Awarded Imaging and Printing Contract from United States Air Force

PALO ALTO, Calif., April 15, 2008

HP today announced that it has been awarded a five-year Blanket Purchase Agreement with the United States Air Force to deploy a breadth of HP single function and multifunction printers, services, supplies and management software.

HP was selected by the Air Force for its proven ability to assess and manage imaging and printing devices and processes on a global scale.

“HP empowers large businesses and organizations by providing high-performance technology that meets the printing and imaging needs of challenging environments,” said Jackie Wynn, vice president, Public Sector, Imaging and Printing Group, HP. “Being selected by the United States Air Force, an organization that demands the highest standards of performance, is a true testament that we continue to produce and deliver innovative, comprehensive and reliable solutions for our customers around the world.”

The Air Force is deploying a three-phase Digital Printing and Imaging initiative, which will be based on five key elements of its imaging and printing environment, including savings, security, standardization, simplification and streamlining.

Under this initiative, HP will help the Air Force achieve its goals and objectives by assessing its imaging and printing infrastructure and providing the tools and consulting needed to simplify and streamline its printing environment, while offering more security options and reducing overall total cost of ownership.

Working with HP and other vendors, the Air Force estimates that purchases of imaging and printing products and services over the five-year period will exceed $400 million.

HP provides public sector and enterprise customers a complete portfolio of intelligent devices, supplies, solutions and services. HP consults with customers to understand their operational challenges and help them build a plan to optimize their imaging and printing infrastructures, to manage, secure and simplify printing environments, and to digitize and streamline document-intensive processes to improve workflows.

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 $107.7 billion for the four fiscal quarters ended Jan. 31, 2008. 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 execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected results; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended January 31, 2008 and HP’s other filings with the Securities and Exchange Commission, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2007. HP assumes no obligation and does not intend to update these forward-looking statements.

© 2008 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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