HP and One-to-One Institute Advance Student-centered, Technology-rich Learning Environments

PALO ALTO, Calif., Mar 23, 2006, HP and the One-to-One Institute today announced that they are launching a national effort to help transform schools into high-performing, student-centered and technology-rich learning environments.

HP is the founding, platinum sponsor of the One-to-One Institute, a newly formed, non-profit organization providing services for states and school districts to advance one-to-one teaching and learning programs personalized through technology. The One-to-One Institute has special expertise in serving high priority and high poverty schools.

The announcement was made at the Florida Educational Technology Conference, an annual forum were the latest in K-12 educational technology is showcased.

“By sponsoring the One-to-One Institute, we hope that states and school districts embrace reform and renewal based on technology-powered education,” said Cathy Martin, director of marketing, Education Solutions, Technology Solutions Group, HP. “HP has witnessed the real benefits of one-to-one computing solutions in schools and is working to have more schools gain from them.”

The One-to-One Institute will provide its services in two primary areas: creating a national consortium focused on expanding one-to-one initiatives in small learning environments aimed at facilitating school reform; and furnishing individual districts or states with direct services when designing and launching one-to-one programs.

The One-to-One Institute grew out of the successful Michigan Freedom to Learn program that created one-to-one teaching and learning programs in school districts across the state of Michigan beginning in 2002. In October 2005, the Michigan legislature authorized the Freedom to Learn program to create an independent institute.

“The One-to-One Institute is the catalyst for changing the way teachers teach and students learn based on the proven result of Michigan’s Freedom to Learn program,” said Bruce Montgomery, president, One-to-One Institute. “With our guidance and resources, states and school districts can begin to fully integrate technology as the key ingredient in reform and transformation.”

Funding from HP has enabled the One-to-One Institute to begin to assemble resources required to help states and schools districts. However, there is an urgent need for further contributions and funding from additional sponsors since the demand for help from states, districts and schools is greater than the institute’s present capacity.

Organizations interested in contributing to the One-to-One Institute’s mission are encouraged to visit the institute’s website at www.one-to-oneinstitute.org or to call +1 517 335 2183 for additional information.

About One-to-One Institute

One-to-One Institute is a national, non-profit organization that facilitates school reform and renewal by advancing the implementation of one-to-one, student-centered teaching and learning programs through ubiquitous technology. The One-to-One Institute is led by Bruce Montgomery, Jamie McCormick and Leslie Wilson and support team of Lisa Backus and Kate Kennedy. More information about the One-to-One Institute is available at www.one-to-oneinstitute.org.

About HP

HP is a technology solutions provider to consumers, businesses and institutions globally. The company’s offerings span IT infrastructure, global services, business and home computing, and imaging and printing. For the four fiscal quarters ended Jan. 31, 2006, HP revenue totaled $87.9 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at http://www.hp.com.

This news release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they ever materialize or prove incorrect, could cause the results of HP and its consolidated subsidiaries to 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 the expected development, performance or rankings of products or services; statements of expectation or belief; and any statement of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the development, performance and market acceptance of products and services and other risks that are described from time to time in HP’s Securities and Exchange Commission reports, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2005 and other reports filed after such report. HP assumes no obligation and does not intend to update these forward-looking statements.

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