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HP Expands Global Recycling Program
HP (NYSE: HPQ) (Nasdaq:HPQ) today announced the expansion of its product
return and recycling program to reach more customers and create new ways
for people to discard used or unwanted electronic equipment in a
convenient and environmentally responsible manner.
The company will host a series of product
collection events in the United States throughout the summer to raise
awareness and increase the rate of electronics recycling among consumers.
The collection events, which will accept a
range of products from any manufacturer, will be held from June through
September in Colorado, Connecticut, Illinois, Maryland, Minnesota, New
Mexico and Oregon.
"Customers are integral to our worldwide
commitment to the environment," said John Frey, manager, Corporate
Environmental Strategies, HP. "It is critical that we work with
communities to explore innovative approaches to electronics recycling, so
we can continue to offer the most environmentally responsible solution
available while providing our customers with convenient choices."
During the local product collection events,
customers can drop off a broad range of products from any manufacturer at
no charge. All products collected will be recycled at one of HP's approved
recycling facilities across the United States. These facilities operate
under HP's global recycling standards, which ensure responsible product
recycling.
HP also is expanding its product take back
offering throughout Asia Pacific and Japan, where the company has aligned
its trade-in, refurbishing and recycling operations to offer full
asset-recovery services to commercial customers in the region. These
services match existing consolidated asset-recovery and recycling services
offered by HP in Europe and the Americas. Consumer collection programs
also are planned for specified locations in Australia, China and France.
HP is on target to meet its global goal to
recycle 1 billion pounds of hardware and HP print cartridges by the end of
2007. In 2005, HP recycled approximately 140 million pounds of hardware
and HP print cartridges globally -- an increase of 17 percent over the
previous year. Since the company began recycling, it has recycled 750
million pounds in total.
HP's recycling program operates globally in
more than 40 countries, regions and territories and seeks to reduce the
environmental impact of IT products, minimize waste going to landfills and
help customers conveniently discard products in an environmentally sound
fashion. Plastics and metals recovered from products recycled by HP have
been used in new HP products, as well as a range of other uses, including
auto body parts, clothes hangers, plastic toys, fence posts, serving trays
and roof tiles.
In addition to working closely with customers,
HP proactively engages with external stakeholders to anticipate emerging
environmental issues and legislation. HP advocates for a producer
responsibility approach to e-waste legislation whereby all stakeholders
play a role in managing the proper end-of-life management of products.
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 April 30, 2006,
HP revenue totaled $88.9 billion. More information about HP is available
at www.hp.com.
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; 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 the achievement of expected results and other risks
that are described from time to time in HP's Securities and Exchange
Commission reports, including but not limited to the risks described in
HP's Quarterly Report on Form 10-Q for the fiscal quarter ended April 30,
2006, and other reports filed after HP's Annual Report on Form 10-K for
the fiscal year ended Oct. 31, 2005. HP assumes no obligation and does not
intend to update these forward-looking statements.
(C) 2006 Hewlett-Packard Development Company,
L.P. The information contained herein is subject to change without notice.
HP shall not be liable for technical or editorial errors or omissions
contained herein.
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