Canon and HP to provide unmatched office workflow solutions

Customers to Benefit from Canon’s Cutting-Edge Corporate Multifunction Device Technologies and Service and Support Capability While Leveraging HP’s Enterprise Leadership in the Areas of Network Printing, Printer Management and Workflow Solutions

Tokyo and Palo Alto, Calif., Canon Inc. (NYSE: CAJ) and HP (NYSE: HPQ) today announced an expanded alliance to jointly market and distribute a new range of multifunction office systems that unite the best of both companies: Canon’s leading multifunction devices and HP’s enterprise printing and imaging assets.

The alliance builds on an established relationship between Canon and HP, and positions the companies to offer customers a new class of web-enabled solutions that combine Canon’s superior multifunction device processing and imaging systems with HP’s leading device manageability, IT integration and office workflow capabilities. With the broader range of software and service offerings supported by EDS, an HP company, along with Managed Print Services from HP and Canon’s global Services and Support offerings, enterprise customers now have access to one of the most complete offerings in the industry, delivering improved efficiencies and greater cost savings.

This alliance includes current and future product portfolios from both companies, providing customers greater fleet compatibility across their entire office printing infrastructures. Canon and HP also will benefit from access to each other’s management and third-party development software portfolios, including Canon imageWARE Enterprise Management Console and Canon MEAP as well as HP Web Jetadmin and the HP Open Extensibility Platform. The expanded portfolio of products and services is expected to be available to customers in North America and Europe, as well as global customers from these regions.

“Through this new alliance with HP, we look forward to bringing the advantages of Canon’s high-versatility, high-performance multifunction products to an expanded user base,” said Masaki Nakaoka, managing director and chief executive, Office Imaging Products Operations, Canon Inc. “We expect this will maximize benefits for both companies’ customers while also paving the way to increased growth for both Canon and HP.”

“HP has long been an industry leader with a portfolio of products, software, services and solutions that enable enterprise customers worldwide to improve their imaging and printing efficiencies without compromising the reliability, quality or professionalism of their documents,” said David Murphy, senior vice president, Imaging and Printing Group, HP. “In growing our relationship with Canon to offer customers value-added and more holistic IT solutions, we are confident organizations will enhance productivity with their imaging and printing and overall business workflow needs.”

About HP

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

About Canon U.S.A., Inc.

Canon U.S.A., Inc., is a leading provider of consumer, business-to-business, and industrial digital imaging solutions. Its parent company, Canon Inc. (NYSE:CAJ), a top patent holder of technology, ranked third overall in the U.S. in 2008(1), with global revenues of US $45 billion, is listed as number four in the computer industry on Fortune Magazine’s World’s Most Admired Companies 2009 list, and is on the 2008 BusinessWeek list of “Top 100 Brands.” At Canon, we care because caring is essential to living together in harmony. Founded upon a corporate philosophy of Kyosei – “all people, regardless of race, religion or culture, harmoniously living and working together into the future” – Canon U.S.A. supports a number of social, youth, educational and other programs, including environmental and recycling initiatives. Additional information about these programs can be found at www.usa.canon.com/kyosei. To keep apprised of the latest news from Canon U.S.A., sign up for the Company’s RSS news feed by visiting www.usa.canon.com/rss.

About Canon Inc.

Canon Inc. (NYSE: CAJ), headquartered in Tokyo, Japan, is a leader in the fields of professional and consumer imaging equipment and information systems. Canon’s extensive range of products includes copying machines, inkjet and laser beam printers, cameras, video equipment, medical equipment and semiconductor-manufacturing equipment. With approximately 160,000 employees worldwide, Canon has manufacturing and marketing subsidiaries in Japan, the Americas, Europe, Asia and Oceania; and a global R&D network with companies based in the United States, Europe, Asia and Australia. Canon’s consolidated net sales for fiscal 2008 (ended December 31, 2008) totalled $44.99 billion (at an exchange rate of ¥91 = US$1). Visit the Canon Inc. Web site at: www.canon.com/index.html.

(1) Nased on weekly patent counts issued by the United States Patent and Trademark Office.