Press Release: June 15, 2009

HP Announces Recipients of Second Annual Innovation Research Awards

PALO ALTO, Calif., June 15, 2009

HP today announced it hasselected professors from around the world to receive awards as partof its second annual HP LabsInnovation Research Program.

Sixty projects from 46universities in 12 countries will receive awards from HP Labs, the company’s centralresearch arm. The program is designed to create opportunities forcolleges, universities and research institutes to conductbreakthrough collaborative research with HP.

Building on the success oflast year’s program, HP increased the number of projects it willfund by more than 30 percent – up from 45 projects at 35institutions worldwide in 2008. Furthermore, given the significantcontributions achieved in last year’s program – including 61published papers and 13 invention disclosures – HP extended asecond year of funding to 31 professors in 2009.

The Innovation ResearchProgram is part of HP’s open innovation strategy, which pursuesresearch collaborations with top researchers and entrepreneurs inacademia, the government and businesses worldwide to discover andnurture new opportunities and advance thinking that will improvebusiness and life. Each of the projects is aligned with HP Labs’focus on eight high-impact research themes that address the mostcomplex challenges facing HP’s customers and the industry.

“Good ideas can strikeanywhere and at any time. HP has recognized this and developed aunique program that is truly open, competitive and global,” saidKang Shin, professor and award winner, University of Michigan, AnnArbor. “This groundbreaking initiative enhances the teaching andlearning experience at universities, and establishes HP as avaluable technology partner for higher education.”

Awardees will work with HPLabs researchers on fundamental research in areas such asintelligent infrastructure, immersive interaction and cloudcomputing, which includes social computing. A full list of awardsand descriptions of select projects is available at http://www.hpl.hp.com/open_innovation/irp/2009_results.html.

“The Innovation ResearchProgram is a core pillar of HP’s advanced research strategy. Itallows the company to tap the brightest minds all over the world totackle the most challenging issues facing the technical community,”said Prith Banerjee, senior vice president, Research, HP, anddirector, HP Labs. “Fostering this type of collaboration betweenindustry and academia breeds a long-term partnership that is moreimportant now than ever before.”

HP Labs Innovation ResearchAwards provide project funding of up to $100,000 for one year toeach academic institution and are renewable for a total of threeyears based on research progress and HP business requirements. Thenext request for proposals is planned for spring 2010.

2009 HP LabsInnovation Research Program Award winners by region:

Americas

Asia Pacific

Europe, the Middle Eastand Africa

AboutHP

HP, the world’s largesttechnology company, simplifies the technology experience forconsumers and businesses with a portfolio that spans printing,personal computing, software, services and IT infrastructure. Moreinformation about HP (NYSE: HPQ) is available at http://www.hp.com/.


This news releasecontains forward-looking statements that involve risks,uncertainties and assumptions. If such risks or uncertaintiesmaterialize or such assumptions prove incorrect, the results of HPand its consolidated subsidiaries could differ materially fromthose expressed or implied by such forward-looking statements andassumptions. All statements other than statements of historicalfact are statements that could be deemed forward-lookingstatements, including but not limited to statements of the plans,strategies and objectives of management for future operations; anystatements concerning expected development, performance or marketshare relating to products and services; any statements regardinganticipated operational and financial results; any statements ofexpectation or belief; and any statements of assumptions underlyingany of the foregoing. Risks, uncertainties and assumptions includemacroeconomic and geopolitical trends and events; the execution andperformance of contracts by HP and its customers, suppliers andpartners; the achievement of expected operational and financialresults; and other risks that are described in HP’s QuarterlyReport on Form 10-Q for the fiscal quarter ended April 30, 2009 andHP’s other filings with the Securities and Exchange Commission,including but not limited to HP’s Annual Report on Form 10-K forthe fiscal year ended October 31, 2008. HP assumes no obligationand does not intend to update these forward-lookingstatements

© 2009Hewlett-Packard Development Company, L.P. The information containedherein is subject to change without notice. The only warranties forHP products and services are set forth in the express warrantystatements accompanying such products and services. Nothing hereinshould be construed as constituting an additional warranty. HPshall not be liable for technical or editorial errors or omissionscontained herein.


Editorial contacts:

Elisa Greene, HP: elisa.greene@hp.com

About HP

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.