Hewlett-Packard Company : News Release: HP Opens Technology Renewal Center in Scotland

HP Opens Technology Renewal Center in Scotland

Presence expands asset management and recovery service capabilities for HP Financial Services

PALO ALTO, Calif., May 15, 2012

HP today announced the opening of a technology renewal center in Erskine, Scotland, enabling commercial HP customers to acquire certified legacy HP products and participate in equipment reuse programs, regardless of equipment type or manufacturer.

Owned and operated by HP Financial Services, the company's leasing and asset management subsidiary, the 8,400-square-meter facility provides customers in Europe, and around the world, with a full range of IT legacy asset management and reuse services. The services provided by the renewal center are specifically focused on helping large business enterprises handle the complexities and challenges associated with the life cycle management of IT equipment. The facility will help reduce potential e-waste by renewing older IT equipment.

"HP has full responsibility for the equipment that we take out of service," said Paul Sadler, service delivery manager in the Education Department for the States of Guernsey Government, an HP customer. "Without HP's help, we would have to pay to store our decommissioned equipment."

Renewal services are a key component to the center's operations. IT equipment processed at the facility is put through a rigorous renewal process that includes reconditioning, testing and certifying assets back to original manufacturing standards before they are remarketed.

"HP Financial Services manages and remarkets more than 2.3 million legacy IT assets each year," said Jim O'Grady, director, Global Asset Management, HP Financial Services. "Equipped to handle the strategic requirements of enterprises large and small, the Erskine facility will enable HP Financial Services to significantly expand the global capabilities, asset management and recycling services we provide our customers." 

Providing asset management and recovery services to customers for more than a decade, HP Financial Services works to ensure chain-of-custody control is established before taking back HP or non-HP technology at the end of a lease period or during the upgrade refresh cycle. As customers deploy new technology solutions, HP Financial Services will remove and dismantle old or end-of-life equipment that no longer meets strategic needs.

HP Financial Services is the second-largest captive IT leasing company in the world and offers a full range of life cycle asset management and financial solutions for businesses. HP Financial Services develops financial solutions that can enhance clients' ability to implement IT infrastructures that meet their needs today, and into the future.

More information about HP Financial Services is available at www.hp.com/hpfinancialservices. Follow us on Twitter @HPFinancialSvcs.

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