HP Recycling Program Helps Keep Computer Parts Out of Landfills

Program is Open to Consumers and Businesses, Accepts Products from Any Manufacturer

PALO ALTO, Calif., May 21, 2001

Hewlett-Packard Company (NYSE:HWP) today announced a service that allows consumers and businesses to conveniently recycle unwanted computers and equipment from any manufacturer without adding to landfills.

The service is part of HP's Planet Partners Program, which includes a broad range of environmental and recycling initiatives. Accessed via the Web at www.hp.com/go/recycle, the service created by HP includes pickup, transportation, evaluation for reuse or donation, and environmentally sound recycling for products ranging from PCs and printers to servers and scanners. Pricing is based on the quantity and type of product to be returned.

All computer equipment received will first be evaluated for reuse. Functioning products will be donated to charitable organizations that accept used equipment or will enter into other reuse channels. The remaining equipment will be recycled through a process designed to maximize product re-use and material recovery.

"This Planet Partners take-back program is a reflection of HP's heritage of social responsibility," said Ren*e St. Denis, manager, HP Environmental Business Unit. "We're giving people an easy-to-use, environmentally sound option for disposing of their used computer electronics equipment."

Responding to the Needs of Customers

The computer products take-back service is an innovative response to a growing trend. According to the National Safety Council, the number of PCs that are deemed obsolete in 2002 will exceed the number of new PCs shipped. PCs are only one category of the vast quantity of computer products that are replaced or become obsolete every year, yet there are few environmentally sound options for consumers and businesses to recycle unneeded equipment.

To address the issue, HP selected Micro Metallics Corporation, a wholly owned subsidiary of Noranda Inc. (TSE:NOR), a Canadian mining and metals company, to work with HP to develop a one-of-a-kind process that evaluates in-coming equipment, redeploys working equipment, extracts parts that can be re-used and recycles remaining products and components. The $4 million processing line includes specially designed shredders to grind equipment into pieces the size of a quarter. From there, a series of separators and magnets pull out the component metals and plastics for recycling.

Together, HP and Noranda manage and operate the state-of-the-art facility where this recycling process takes place. This facility, located in Roseville, Calif., currently processes up to 4 million pounds a month of used equipment from HP and other corporate customers' facilities.

HP and Noranda are planning to open a similar facility in Nashville, Tenn., in July.

"I commend HP for taking this leadership role. HP has recognized computer electronics end-of-life as an important issue that needs to be addressed," said Michael Paparian, California Integrated Waste Management Board Member. "This is an important first step in the long-term solution to the challenges poised by electronic waste."

A similar take-back service will be offered in major European countries beginning June 1 and in Canada later this year. Programs will also be developed in Latin America and Asia in response to customer needs.

The new service complements other HP environmental programs. For example, the HP Planet Partners LaserJet supplies program, in operation since 1992, has helped customers recycle over 39 million HP LaserJet cartridges worldwide, which represents approximately 50,000 tons of material diverted from landfill.

Furthermore, HP is committed to designing products that are environmentally sound throughout their lifecycles. As part of its product stewardship commitment, HP works to improve the recycling capability of its products as early as the design phase.

About HP

Hewlett-Packard Company -- a leading global provider of computing and imaging solutions and services -- is focused on making technology and its benefits accessible to individuals and businesses through simple appliances, useful e-services and solutions for an Internet infrastructure that's always on.

HP had total revenue from continuing operations of $48.8 billion in its 2000 fiscal year. Information about HP and its products can be found on the World Wide Web at http://www.hp.com.

HP Press Release 21 May 2001, http://www.hp.com/hpinfo/newsroom/press/21may01a.htm#