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HP Reaches Settlement with Print-Rite


PALO ALTO, Calif., HP today announced it has reached a settlement agreement with Hong Kong based Print-Rite Holdings Ltd. relating to HP 02 inkjet cartridges. (1)

As part of the settlement, Print-Rite acknowledges that HP’s patents are valid and in effect. In consideration of the parties’ mutual respect for intellectual property, Print-Rite also has agreed to withdraw the products involved in the dispute from the United States and other countries having corresponding patent filings.

“We are pleased with this amicable settlement, which serves as a demonstration of our ongoing commitment to protecting HP’s investments in intellectual property,” said Stephen Nigro, senior vice president, Inkjet and Web Services Business, Imaging and Printing Group, HP.

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(1) In countries outside of the United States, the HP 02 ink cartridge may be known by different product numbers, such as HP 363, 177 or 801.

This news release contains forward-looking statements that 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 but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance or market share relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected operational and financial results; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended January 31, 2010 and HP’s other filings with the Securities and Exchange Commission, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2009. HP assumes no obligation and does not intend to update these forward-looking statements.


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