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HP Launches e-Coupon Recycling Program

Program Rewards Customers for Recycling Responsibly and Protecting the Environment
PALO ALTO, Calif., Feb. 6, 2003

Link to Press Kit.HP (NYSE:HPQ) today introduced the HP Planet Partners e-Coupon program to encourage and reward the responsible recycling of unwanted computer equipment.

The program rewards consumers with up to $50 toward the purchase of a new product on hpshopping.com when recycling computer hardware from any manufacturer through HP's recycling service.(1)

"With the HP Planet Partner e-Coupon program everyone wins," said Sam Szteinbaum, vice president, North America Consumer Computing Organization, HP Personal Systems Group. "The environment benefits because one less computer will go to a landfill and consumers can save money on the purchase of new products bought at hpshopping.com."

HP's advanced recycling process ensures that unwanted hardware is recycled in a way that protects the environment and conserves resources. The e-Coupon program began this week and will run through April 30 in the United States only.

"This program is another example of how HP is working toward reducing our environmental footprint, as well as those of our customers and partners," said Renee St. Denis, HP's product-recycling solutions manager.

Responding to the Needs of Customers

The recycling service is part of the HP Planet Partners program, which includes a broad range of environmental and recycling initiatives. Accessed via the Web at http://www.hp.com/recycle, the user-friendly service created by HP includes pickup, transportation, evaluation for reuse or donation, and environmentally sound recycling for products ranging from PCs and printers to servers and scanners.

The program is an innovative response to a growing problem. According to the Silicon Valley Toxics Coalition, 315 million computers are expected to become obsolete by the year 2004, yet there are few environmentally sound options for consumers and businesses to recycle unneeded equipment.

Developed with strategic partner Noranda, HP's state-of-the-art recycling facility, located in Roseville, Calif., is one of the world's largest and currently processes up to 3 million pounds of used equipment each month. A similar facility is located near Nashville, Tenn.

The $4 million processing line includes specially designed shredders to grind equipment into pieces the size of a quarter. From there, a series of separators and magnets pull out the component metals and plastics for recycling. This process reclaims valuable commodities from unwanted products that can be reused in the manufacture of new products, thus reducing the burden on the earth's resources.

The service complements other HP environmental programs. For example, the HP Planet Partners LaserJet supplies program, in operation since 1992, has helped customers recycle more than 39 million HP LaserJet cartridges worldwide, which represents approximately 50,000 tons of material diverted from landfill. HP Planet Partners also recycles HP inkjet print cartridges.

Furthermore, HP is committed to designing products that are environmentally sound throughout their lifecycles. As part of this commitment, HP works to improve the recycling capability of its products as early as the design phase.

About HP

HP is a leading global provider of products, technologies, solutions and services to consumers and businesses. The company's offerings span IT infrastructure, personal computing and access devices, global services and imaging and printing. HP completed its acquisition of Compaq Computer Corporation on May 3, 2002. More information about HP is available at http://www.hp.com.

(1)HP charges customers for shipping and recycling based on the type of product recycled.


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.