Press Release: October 15, 2003
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HP Grants Totaling $10 Million to Support Schools Nationwide Through Enhanced Learning and Teaching Tools

Schools to receive cash, PCs and technology support to maximize students' potential from kindergarten through university
PALO ALTO, Calif., Oct. 15, 2003

HP (NYSE: HPQ) today announced a $10 million Technology for Teaching Grant initiative targeting schools in the United States from kindergarten through university level. The initiative is designed to support innovative and effective uses of technology in classrooms so that students may reach their full potential, particularly in math, science and engineering.

"HP is dedicated to providing students of all ages access to technology to improve their educational experience," said Cathy Lipe, manager of education programs, Philanthropy and Education, HP. "Our goals are to enhance student success in math, science and engineering, increase underrepresented students in high-tech careers, and transform teaching and learning through technology."

HP will award a total of $4.5 million in cash and equipment to teams of five teachers from 150 K-12 public schools across the country. The award package, valued at approximately $35,000 for each school team, will include five HP Tablet PCs, five HP multimedia projectors, HP help desk support for one year, a $500 stipend per teacher and customized professional development opportunities for faculty to support the use of technology in their teaching.

For two- and four-year colleges and universities in the United States, HP will award a total of $5.5 million in cash and equipment to 40 schools. The award package for each school selected will include an HP product package valued at approximately $50,000, a faculty stipend of $7,500 to work on the project integration, and one year of access to HP Higher Education Help Desk support.

All K-12 and higher education grant recipients will benefit from the latest in mobile technology from HP, such as Tablet PCs, notebook PCs and HP iPAQ Pocket PC devices, as well as HP digital projectors. In addition, recipients will be able to access the HP National K-12 and Higher Education Help Desks, which offer campuses or individual departments a flexible, affordable way to provide teachers and administrators with technology support 24 hours a day, 365 days a year.

The grant application is Web-based and open to any K-12 public school and any two- or four-year college or university or in the United States. Recipients must be focused on applying mobile technology in learning environments in ways that will increase student achievement. Recipients awarded in 2004 may be invited to attend a recipient community event and to apply in 2005 for an additional grant investment.

Additional information about how to apply for a grant is available at http://www.hp.com/go/hpteach. The deadline for applying is March 1, 2004, by 5 p.m. Pacific Standard Time.

HP in education

HP's investments in education are focused on creating opportunities for all individuals to learn and reach their full potential. HP has two principal strategies driving these investments: integrating technology and learning in the classroom and building a path to high-tech careers. The goal is to make contributions that lead to long-term improvements through systemic changes in schools and universities.

Over the last 20 years, HP has contributed more than $1 billion in cash and equipment to schools, universities, community organizations and other not-for-profit organizations around the world. In 2002, HP's giving worldwide amounted to more than $62 million in cash and equipment. More HP education information can be found at http://www.hp.com/hpinfo/grants/us/education/index.html.

About HP

HP is a technology solutions provider to consumers, businesses and institutions globally. The company's offerings span IT infrastructure, personal computing and access devices, global services and imaging and printing for consumers, enterprises and small and medium businesses. For the last four quarters, HP revenue totaled $71.3 billion. More information about HP is available at www.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.