HP INC.
BOSTON, MA--(Marketwired - Sep 12, 2016) - HP Inc. (
Earlier today, the company announced a definitive agreement to acquire Samsung Electronics Co., Ltd.'s printer business in a transaction valued at $1.05 billion, the largest print acquisition in HP's history. Both announcements were made at the beginning of HP's Global Partner Conference.
Highlights of HP's A3 MFP technology breakthroughs include:
- 16 new next-generation HP PageWide and LaserJet platforms, bringing innovation to the copier segment
- World-class print security across devices, documents and data
- Advanced monitoring based on cloud and big-data analytics to predict service and supply needs
- Affordable color to drive adoption and economics
For decades, the copier category has lacked the disruptive innovation needed to drive service efficiency, protect against security breaches and deliver cost-effective color. Today, HP is changing this with a next-generation portfolio of A3 MFP printing solutions that deliver the simplicity, reliability, serviceability, and security to transform business printing.
With today's launch and new channel programs, HP can now deliver the industry's most advanced lineup of A3 MFP and A4 laser print solutions for the office that reflects the ongoing industry transition to everything as a service and contractual versus transactional sales.
"The complexity of traditional copiers makes repair and maintenance too inefficient for our partners and customers," said Enrique Lores, president, Imaging & Printing, HP Inc. "By leveraging our superior printing technology, we can change the status quo with next-generation A3 multifunction printers that improve the overall customer and partner experience while also serving as a springboard for growth in managed print and document services. This is what we mean by reinventing printing."
Next generation A3 multifunction printers
HP's full portfolio of A3 MFPs -- including three PageWide platforms and 13 LaserJet platforms -- will be available as 54 different SKUs with a range of finishing options, such as in-cave stapler stacker, hole punch, high capacity staple / stack and booklet makers, to provide the strongest customer experience. By providing a broad range of device options, HP is providing channel partners robust possibilities and pricing flexibility to meet the needs of their customers.
The HP PageWide Enterprise and Pro platforms will make color affordable, along with best-in-class print speeds and lower energy consumption than in-class laser devices.1, 2 The simple architecture of HP PageWide -- with only three components that may need replacing -- will help lower servicing costs for channel partners. The single and multifunction devices will have print speeds ranging from 40 ppm to 60 ppm (up to 80 ppm in General Office mode). The HP PageWide Pro devices will be available beginning in spring 2017 while the HP PageWide Enterprise devices will be available in fall 2017.
The HP LaserJet Managed MFPs will be available as multifunction devices, with color or monochrome printing and speeds ranging from 22 ppm to 60 ppm. The new LaserJets will have long-life components, fast repair times, and will be available beginning in spring 2017.
HP Smart Device Services
The company is also introducing HP Smart Device Services, a set of cloud tools and device-based sensing capabilities, designed to dramatically enhance the service experience. It monitors and diagnoses many service needs to minimize downtime and cut costs. For example, the service can anticipate parts servicing before the part fails and avoids premature ink and toner replacement.
Smart Device Services is compatible on HP printers and MFPs with FutureSmart, introduced in 2012, including the new A3 PageWide and LaserJet devices. As such, Smart Device Services will enhance service efficiency on partners' fleets and improve uptime on customers' devices. It will be available to qualified channel partners at no additional cost for all contractual devices using HP Original supplies.
World class printer security
Print security is a key consideration in the engineering of the new HP A3 MFPs. Customers want to protect their intellectual property and their customers' confidential information. The HP PageWide and LaserJet Enterprise devices feature industry-leading embedded security features including Sure Start, run-time intrusion detection, and whitelisting, making them the world's most secure printers.3 The HP PageWide Pro devices will feature best-in-class security with features such as secure boot and firmware integrity checking.4
All of the new HP PageWide and LaserJet devices can be used with HP's security services and JetAdvantage portfolio of management and security software, including the recently announced JetAdvantage on Demand cloud platform, reducing the burden on partners to secure and manage these devices.
Channel programs and financing
As part of the broader strategy outlined at its Global Partner Conference, HP has introduced a services-led channel business program to support partner success with its A3 portfolio and managed services-designated printers. Qualified partners will receive guaranteed pricing, sales tools and service support. Learn more here.
HP Financial Services (HPFS) will provide a variety of flexible IT investment options to help partners and their customers acquire, pay for and consume innovative A3 print technology.5
About HP
HP Inc. creates technology that makes life better for everyone, everywhere. Through our portfolio of printers, PCs, mobile devices, solutions, and services, we engineer experiences that amaze. More information about HP Inc. is available at http://www.hp.com.
Forward-Looking Statements
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the results of HP Inc. and its consolidated subsidiaries ("HP") may 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 any projections of net revenue, margins, expenses, effective tax rates, net earnings, net earnings per share, cash flows, benefit plan funding, deferred tax assets, share repurchases, currency exchange rates or other financial items; any projections of the amount, timing or impact of cost savings or restructuring and other charges; any statements of the plans, strategies and objectives of management for future operations, including the execution of restructuring plans and any resulting cost savings, revenue or profitability improvements; any statements concerning the expected development, performance, market share or competitive performance relating to products or services; any statements regarding current or future macroeconomic trends or events and the impact of those trends and events on HP and its financial performance; any statements regarding pending investigations, claims or disputes; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing.
Risks, uncertainties and assumptions include the need to address the many challenges facing HP's businesses; the competitive pressures faced by HP's businesses; risks associated with executing HP's strategy; the impact of macroeconomic and geopolitical trends and events; the need to manage third-party suppliers and the distribution of HP's products and the delivery of HP's services effectively; the protection of HP's intellectual property assets, including intellectual property licensed from third parties; risks associated with HP's international operations; the development and transition of new products and services and the enhancement of existing products and services to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its suppliers, customers, clients and partners; the hiring and retention of key employees; integration and other risks associated with business combination and investment transactions; the results of the restructuring plans, including estimates and assumptions related to the cost (including any possible disruption of HP's business) and the anticipated benefits of the restructuring plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP's Annual Report on Form 10-K for the fiscal year ended October 31, 2015, HP's Quarterly Reports on Form 10-Q for the fiscal quarters ended January 31, 2016, April 30, 2016 and July 31, 2016, and HP's other filings with the Securities and Exchange Commission. HP assumes no obligation and does not intend to update these forward-looking statements. HP's Investor Relations website at http://www.hp.com/investor/home contains a significant amount of information about HP, including financial and other information for investors. HP encourages investors to visit its website from time to time, as information is updated and new information is posted.
© 2016 HP Inc. The information contained herein is subject to change without notice. The only warranties for HP Inc. products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP Inc. shall not be liable for technical or editorial errors or omissions contained herein.
| (1) | Comparison based on manufacturers' published specifications of fastest available color mode of all A3 color business printers $1,000-2,500 USD or EUR 900-EUR 2,300 Euros and MFPs $2,000-$5,000 USD or EUR 2,000-EUR 4,500 Euros as of August 2016, excluding other HP PageWide products, and products with 1% or lower market share using market share as reported by IDC as of Q2 2016. HP PageWide speeds based on General Office mode and exclude first page. Learn more at hp.com/go/printer speeds. | |
| (2) | Energy claim based in comparisons of data reported on energystar.gov for majority of in-class A3 color business printers $1,000-2,500 USD or EUR 900-EUR 2,300 Euros and MFPs $2,000-$5,000 USD or EUR 2,000-EUR 4,500 Euros as of August 2016, excluding other HP Page Wide products, and products with 1% or lower market share using market share as reported by IDC as of Q2 2016. Subject to device settings. Actual results may vary. Learn more at hp.com/go/pagewidebusiness. | |
| (3) | 'Most secure printers claim' applies to HP Enterprise-class devices introduced beginning in 2015 and is based on HP review of 2016 published embedded security features of competitive in-class printers. Only HP offers a combination of security features for integrity checking down to the BIOS with self-healing capabilities. A FutureSmart service pack update may be required to activate security features. For a list of compatible products, visit: http://h20195.www2.hp.com/V2/GetDocument.aspx?docname=4AA6-1178ENW | |
| For more information, visit: www.hp.com/go/printersecurityclaims | ||
| (4) | Best-in-class security claim based on HP review of published embedded security features of competitive in-class A3 pro printers as of August 2016. For more information visit: www.hp.com/go/printersecurityclaims. | |
| (5) | Financing and service offerings available through Hewlett-Packard Financial Services Company and its subsidiaries and affiliates (collectively HPFSC) in certain countries and is subject to credit approval and execution of standard HPFSC documentation. Rates and terms are based on customer's credit rating, offering types, services and/or equipment type and options. Not all customers may qualify. Not all services or offers are available in all countries. Other restrictions may apply. HPFSC reserves the right to change or cancel this program at any time without notice. |
