HP Inc. Reinvents Business Printing With New Portfolio and PageWide Product Line

LISBON, PORTUGAL--(Marketwired - Mar 8, 2016) - HP Inc. (NYSE: HPQ) is driving the printing category forward with an innovative new portfolio of business printers, including:

• A new brand of HP PageWide printers that provide professional color, best-in-class cost of ownership¹, fastest speeds², best energy efficiency³, and the world's most advanced security⁴ and management features in its class;
• New HP OfficeJet Pro printers that deliver affordable, professional color and big performance in a compact package for small businesses;
• New HP LaserJet printers with leading laser performance, print-shop quality color documents, and best value for black-and-white printing;
• HP Secure Managed Print Services to help customers secure their print environment with the strongest protection available in the industry⁵.

"We're reinventing printing for every business -- large or small," said Enrique Lores, president, Imaging and Printing, HP Inc. "Traditionally vendors have spoken about 'Good, Better, Best' where most customers have to compromise, but today we are promising 'Best, Best, Best' allowing our customers to determine the right print solution for their business, not their budget."

Reinventing Business Printing with HP PageWide Technology
HP PageWide Technology is a proven, reliable scalable print technology developed by HP that has delivered more than 140 billion high quality digital pages via HP printers including large format printers and web presses. In addition to the new lineup of A4 devices early next year, HP will expand the reach of PageWide Technology to redefine the copier market with a new portfolio of A3 multifunction printers (MFPs).

"HP PageWide printers have exceeded our expectations in terms of quality and speed and have enabled us to be more productive in the way we work," said Tim Larson, design principal, Downstream. "We operate in a demanding environment and are in the business of visual design so how things look on paper is important -- HP is keeping up with us."

The new HP PageWide business portfolio will be available through channel partners and at select retail stores. In addition, the new portfolio increases the number of managed devices designed for contractual channel partners and managed print services engagements. These contractual HP PageWide printers enable HP channel partners to provide low cost of operation with HP's highest capacity supplies, a three-year print head warranty, higher speeds and RMPV on select models, as well as integration with HP JetAdvantage Management and third-party tools. By optimizing managed HP PageWide devices for contractual agreements, HP provides channel partners with new opportunities to deliver higher customer satisfaction.

New Additions to the HP OfficeJet Pro and LaserJet Pro families
The expanded HP business printing portfolio also includes new HP OfficeJet Pro and HP LaserJet printers, rounding out the options available to customers.

In the last decade, HP has created and firmly established the ink in the office category, offering small and medium businesses professional quality ink-based color printing at up to 50% lower cost per page than lasers⁶. The HP OfficeJet Pro 8000 series features HP Print Forward Design to provide customers productivity with high speeds in a space-saving design that helps preserve office real estate. These new printers also include enhanced manageability and security features, seamless mobile printing⁷, and access to the convenient and affordable HP Instant Ink supplies delivery program.

The HP LaserJet family provides customers with print shop document quality, fast speed and the best value on black-and-white printing. The new LaserJet products include Original HP Toner cartridges with JetIntelligence technology enabling the industry's most advanced laser printing platform that offer leaner, faster, smarter options to help customers accelerate their business.

Reinventing protection with Secure Managed Print Services
Today HP is also introducing HP Secure Managed Print Services (MPS), a new Managed Print Services (MPS) offering focused on security. This enhanced service reflects HP's defense-in-depth approach to delivering the most comprehensive device, data and document security⁸ available today. HP Secure MPS provides security experts with the ability to help customers secure their print environment with the strongest protections available in the industry and then maintain security over time to address evolving threats and compliance requirements.

HP Secure MPS advanced protections include:

• The world's most secure printers⁹ with self-healing capabilities
• Security software to detect threats as well as protect, monitor and manage the printer fleet
• Data encryption to better protect confidential data
• Reporting for regulatory and compliance audits
• Security expertise to co-develop a comprehensive print security plan

HP has also updated HP JetAdvantage Security Manager software, the industry's only policy-based printer security compliance solution¹⁰, to enable greater visibility into what firmware updates have been applied across the HP printer fleet. This feature enables customers to see which of their printers are protected by HP's advanced printer security including: HP Sure Start BIOS protection, whitelisting, and run-time intrusion detection. In addition, HP Enterprise printers can now be monitored for malicious activity by the SIEM tool Splunk. Based on a sampling of HP JetAdvantage Security Manager functionality, business customers can sign-up for HP Quick Assess, a free one-hour phone session to assess the vulnerability of their HP printer fleet (up to 20 devices) at www.hp.com/go/quickassess.

Product Pricing and Availability¹¹
The new HP PageWide business printers include:

• The HP PageWide Enterprise Color series includes the HP PageWide Enterprise Color 556 and HP PageWide Enterprise Color MFP 586. These printers are designed for small businesses and medium sized work groups printing up to 15,000 pages a month, with a print speed of up to 75 pages per minute¹². The HP PageWide Enterprise Color MFP 586 is expected to be available in May starting at $1,999. The HP PageWide Enterprise Color 556 printer is expected to be available in May starting at $749.
• The HP PageWide Pro 500 series includes the HP PageWide Pro 552dw and the HP PageWide Pro MFP 577dw. The 552dw and 577dw are designed for small businesses and work groups printing up to 6,000 pages a month, with print speeds of up to 70 pages per minute¹³. The PageWide Pro 500 series is expected to be available in April starting at $699.00.
• The HP PageWide Pro 400 series includes the HP PageWide Pro 452dw and the HP PageWide Pro MFP 477dw. These printers are designed for small businesses and work groups printing up to 4,500 pages a month with print speeds of up to 55 pages per minute¹⁴. The PageWide 400 series is expected to be available in April starting at $499.00.
• The HP PageWide 300 series includes the HP PageWide 352dw and the HP PageWide MFP 377dw. These printers are designed for small businesses and work groups printing up to 3,000 pages a month with print speeds of up to 45 pages per minute¹⁵. The PageWide 300 series is expected to be available in June.

The new OfficeJet Pro printers include:

• For micro and small businesses printing up to 2,000 pages a month, the HP OfficeJet Pro 8710/8720/8730/8740 All-in-One printers and the HP OfficeJet Pro 8210 printer provide professional quality printing at up to 50 percent lower cost per page than lasers¹⁶. HP OfficeJet Pro 8720/8730/8740 All-in-One printers features HP Print Forward Design, delivering superb office productivity with high speeds for two-sided print and scan jobs with laser-like paper handling, and space-saving designs helps preserve office real estate. HP OfficeJet Pro 8730/8740 All-in-One printers and the HP OfficeJet Pro 8210 printer include enhanced manageability and security features. The OfficeJet Pro 8700 series is expected to be available in April starting at $199.99. The OfficeJet Pro 8210 is expected to be available in September for $129.99.
• For micro and home businesses printing up to 800 pages a month, the HP OfficeJet Pro 6960/6970 All-in-One printers provide professional quality printing professional quality printing at less than half the cost of laser printing. The OfficeJet Pro 6900 series is expected to be available in June starting at $149.99.

The new HP LaserJet printers include:

• The HP LaserJet Pro M501 series is a single function, monochrome printer for small and medium sized businesses or work groups printing up to 6,000 pages a month. It offers best in class performance including fastest first page out from ready, fastest first page out from sleep and lowest total energy consumption¹⁷ against leading competitors. The HP LaserJet Pro M501 series is expected to be available in April starting at $549.00.
• The HP Color LaserJet Pro MFP M377 series is a multifunction color printer for small and medium sized businesses or work groups printing up to 4,000 pages a month. It offers best in class performance including fastest first page out from sleep, fastest duplex printing, and lowest total energy consumption¹⁸ against leading competitors. The HP Color LaserJet Pro MFP M377 series is expected to be available in April for $489.00.

Additional information about HP's new business printing portfolio is available at hp.com/go/businessprinters.

About HP Inc.
HP Inc. creates technology that makes life better for everyone, everywhere. Through our portfolio of printers, PCs, mobile devices, solutions, and services, we engineer experiences that amaze. More information about HP Inc. is available at http://www.hp.com.

This document contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements 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 the expected benefits and costs of the transaction; the expected timing of the completion of the transaction; the ability to complete the transaction considering the various closing conditions, including those conditions related to regulatory approvals and Unisplendour shareholder vote; any 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; that the transaction may not be timely completed, if at all; that, prior to the completion of the transaction, the new H3C business may not perform as expected due to transaction-related uncertainty or other factors; that the parties are unable to successfully implement integration strategies; and other risks that are described in HP's Securities and Exchange Commission reports, including but not limited to the risks described in HP's Annual Report on Form 10-K for its fiscal year ended October 31, 2014 and HP's Quarterly Report on Form 10-Q for its fiscal quarter ended January 31, 2015. HP assumes no obligation and does not intend to update these forward-looking statements.

© Copyright 2016 HP 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.

¹ TCO based on 90,000 pages for PageWide Pro and 150,000 pages for PageWide Enterprise; mfrs' published specs for page yields and energy use; manufacturers' recommended street prices for hardware and supplies; and CPP based on ISO yield with continuous printing in default mode with highest-capacity cartridges. Comparisons are to Pro-class color business printers and MFPs $300-$1000 as of 9/2015 and Enterprise-class color business A4 MFPs $500-$3000 as of 11/2015, excluding products with 1% or lower market share. More at hp.com/go/learnaboutsupplies and hp.com/go/PageWideClaims.
² Comparison based on manufacturers' published specifications of fastest available color mode of all color business printers $300-$800 USD and MFPs $400-$1,000 USD as of November 2015, excluding other HP PageWide products, and products with 1% or lower market share using market share as reported by IDC as of Q3 2015. HP PageWide speeds based on General Office mode and exclude first page. Learn more at hp.com/go/printerspeeds.
³ Energy claim based on TEC data reported on energystar.gov. Data normalized to determine energy efficiency of majority of in-class business printers $300-$800 USD and MFPs $400-$1,000 USD as of November 2015; market share as reported by IDC as of Q3 2015. Actual results may vary. Learn more at hp.com/go/pagewideclaims.
⁴ HP PageWide Enterprise and LaserJet Enterprise devices with FutureSmart offer a best-in-Enterprise-class combination of security features for integrity checking down to the BIOS with self-healing capabilities. HP PageWide Pro devices with secure boot capability offer best-in-Pro-class security features. Learn more at hp.com/go/PrinterSecurityClaims.
⁵ Based on the breadth of device, data and document security capabilities by leading managed print service providers. Includes HP review of 2015 publicly available information on security services, security and management software, and device embedded security features of their competitive in-class printers. For more information, visit hp.com/go/MPSsecurityclaims or hp.com/go/mps.
⁶ Compared with the majority of color laser AiOs < $500 USD, August 2015; market share as reported by IDC as of Q2 2015. Cost-per-page (CPP) comparisons for laser supplies are based on published specifications of the manufacturers' highest-capacity cartridges and long-life consumables. CPP based on high-capacity HP ink supplies is based on published specifications of the manufacturers' highest-capacity cartridges. CPP based on high-capacity ink cartridges' estimated street price and page yield. ISO yield based on continuous printing in default mode. For more information, see hp.com/go/learnaboutsupplies.
⁷ Wireless operations are compatible with 2.4 GHz operations only. App or software and HP ePrint account registration may also be required. Some features require purchase of an optional accessory. Learn more at hp.com/go/mobileprinting.
⁸ Based on HP review of 2015 published security services, software and device features of leading competitive managed print service providers and printer manufacturers. For more information visit: www.hp.com/go/MPSsecurityclaims or www.hp.com/go/mps.
⁹ Based on HP review of 2015 published embedded security features of competitive in-class printers. Only HP offers a combination of security features for integrity checking down to the BIOS with self-healing capabilities. A FutureSmart service pack update may be required to activate security features on the HP LaserJet M527, M506, M577. Some features will be made available as a HP FutureSmart service pack update on select existing enterprise printer models. For list of compatible products visit: http://h20195.www2.hp.com/V2/GetDocument.aspx?docname=4AA6-1178ENW. For more information visit: www.hp.com/go/LJsecurityclaims.
¹⁰ Based on HP Internal secured data (Device Security Comparison, January 2015), and Solutions Report on HP JetAdvantage Security Manager 2.1 from Buyers Laboratory LLC, February 2015.
¹¹ Estimated U.S. street prices. Actual prices may vary.
¹² Comparison of Enterprise devices based on manufacturers' published specifications of fastest available color mode of color business A4 MFPs $1,000-$3,000 USD as of November 2015, excluding other HP PageWide products, and products with 1% or lower market share using market share as reported by IDC as of Q3 2015. HP PageWide speeds based on General Office mode and exclude first page. Learn more at hp.com/go/printerspeeds.
¹³ Comparison based on manufacturers' published specifications of fastest available color mode of all color business printers $300-$800 USD and MFPs $400-$1,000 USD as of November 2015, excluding other HP PageWide products, and products with 1% or lower market share using market share as reported by IDC as of Q3 2015. HP PageWide speeds based on General Office mode and exclude first page. Learn more at hp.com/go/printerspeeds.
¹⁴ Comparison based on manufacturers' published specifications of fastest available color mode of all color business printers $300-$800 USD and MFPs $400-$1,000 USD as of November 2015, excluding other HP PageWide products, and products with 1% or lower market share using market share as reported by IDC as of Q3 2015. HP PageWide speeds based on General Office mode and exclude first page. Learn more at hp.com/go/printerspeeds.
¹⁵ Comparison based on manufacturers' published specifications of fastest available color mode of all color business printers $300-$600 USD and MFPs $400-$800 USD as of November 2015, excluding other HP PageWide products, and products with 1% or lower market share using market share as reported by IDC as of Q3 2015. HP PageWide speeds based on General Office mode and exclude first page. Learn more at hp.com/go/printerspeeds.
¹⁶ Compared with the majority of color laser AiOs < $500 USD, August 2015; market share as reported by IDC as of Q2 2015. Cost-per- page (CPP) comparisons for laser supplies are based on published specifications of the manufacturers' highest-capacity cartridges and long-life consumables. CPP based on high-capacity HP ink supplies is based on published specifications of the manufacturers' highest-capacity cartridges. CPP based on high-capacity ink cartridges' estimated street price and page yield. ISO yield based on continuous printing in default mode. For more information, see hp.com/go/learnaboutsupplies.

¹⁷ Based on HP internal testing of top three leading competitors' completed 2/2016. Subject to device settings. Actual results may vary. For details see www.hp.com/go/ljclaims.
¹⁸ Based on HP internal testing of top three leading competitors' completed 2/2016. Subject to device settings. Actual results may vary. For details see www.hp.com/go/ljclaims.