HP Announces China Research Lab

PALO ALTO, Calif., and BEIJING, Nov. 15, 2005

HP today announced it has established a research laboratory in China where it will collaborate with both the public and private sectors to develop future information management systems.

“HP has been in China for 20 years,” said Dick Lampman, senior vice president of research, HP, and director, HP Labs. “This addition to HP Labs builds on long-established relationships and will strengthen the partnership between HP and China’s premier research universities and extensive research community. It also strengthens HP’s collaboration with the China Ministry of Education to grow China’s university research infrastructure.”

HP Labs is the company’s central research organization. In addition to the new China lab, there are five other facilities - the headquarters lab in Palo Alto, Calif., and sites in Bangalore, India; Bristol, U.K.; Haifa, Israel, and Tokyo, Japan.

“The potential scale of the Chinese economy, with its vast population and geographic reach, presents exciting opportunities for innovations in information technology for both the public sector and enterprises,” said Meichun Hsu, director, HP Labs China. “We’re excited about establishing a technical research group in this dynamic, rapidly growing environment.”

Hsu recently joined HP Labs from Commerce One, where she was senior vice president of engineering. Before entering the private sector, she was a faculty member at Harvard University, where she conducted research in information management systems.

Building on HP’s research strengths in large-scale information processing, heterogeneous systems management and printing and imaging, HP Labs China is developing a research program aligned with HP Labs’ worldwide research, and partnering with Chinese research institutions and major industrial customers. A part of that program is expanding collaborations with universities under the research it established earlier this year with the China Ministry of Education.

One of those projects involves using an open source HP Labs technology to create one of the world’s largest distributed virtual museums by aggregating content from more than 100 university museums throughout the country and placing it in a massive, online database. Another project focuses on the management of a Ministry of Education effort to integrate resources from certain key universities on the China Education Research Network.

HP Labs China brings new research capability to the company’s already established R&D and manufacturing facilities in China.

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 July 31, 2005, HP revenue totaled $85.2 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 Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2005, and other reports filed after HP’s Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2004. HP assumes no obligation and does not intend to update these forward-looking statements.

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