RR Donnelley and HP Plan to Create an Alliance to Develop Next-Generation Digital Printing Technology

R.R. Donnelley & Sons Company (NASDAQ: RRD) and HP (NYSE: HPQ) today announced that plans have been finalized to create a technology alliance to collaborate on the development of digital printing solutions for inkjet-based digital presses.

“RR Donnelley has long been a pioneer in the digital print space,” said Thomas J. Quinlan III, RR Donnelley’s President and Chief Executive Officer. “Our industry-leading position – both as buyer and builder of world-class digital imaging equipment – makes RR Donnelley and HP the perfect partners.”

“With the introduction of the Inkjet Web Press at Drupa last year, we broke new ground in the analog-to-digital transformation of the graphics industry,” said Vyomesh Joshi, Executive Vice President, Imaging and Printing Group, HP. “As the leader in digital printing, we are taking this transformation one step further by collaborating with the world’s largest print service provider to bring greater value to our customers.”

Under the proposed arrangement, RR Donnelley’s Research and Development Center is expected to collaborate with the Inkjet High-speed Production Solutions unit of HP to develop new digital printing technologies. Products are planned to be sold under the HP brand.

“We expect that the combined resources of RR Donnelley and HP will enable the industry to move more quickly towards a future in which digital printing provides an even greater opportunity for product innovation and more effectively complements proven conventional printing technologies,” said Mary Lee Schneider, Chief Technology Officer for RR Donnelley. “We look forward to bringing our collective talent, intellectual property and innovation to bear on what we believe is an exciting new chapter in the ongoing evolution of the printing industry.”

The two companies, which are working to put formal agreements in place, initially plan to focus on the development of a Magnetic Ink Character Recognition (MICR) printing solution. MICR printing enables high-speed and secure reading of checks by financial institutions. This solution would be based on HP’s inkjet printing technology and developed by RR Donnelley for transactional, transpromotional and direct mail applications. The companies anticipate that the solution will be offered as an optional component of the HP T300 Color Inkjet Web Press and be used for RR Donnelley’s internal needs as well as offered by HP.

About HP

HP, the world’s largest technology company, simplifies the technology experience for consumers and businesses with a portfolio that spans printing, personal computing, software, services and IT infrastructure. More information about HP (NYSE: HPQ) is available at http://www.hp.com/.

About RR Donnelley

RR Donnelley (NASDAQ: RRD) is a global provider of integrated communications. Founded more than 144 years ago, the company works collaboratively with more than 60,000 customers worldwide to develop custom communications solutions that reduce costs, enhance ROI and ensure compliance. Drawing on a range of proprietary and commercially available digital and conventional technologies deployed across four continents, the company employs a suite of leading Internet based capabilities and other resources to provide premedia, printing, logistics and business process outsourcing services to leading clients in virtually every private and public sector.

For more information, and for RR Donnelley's Corporate Social Responsibility Report, visit the company's web site at http://www.rrdonnelley.com

Use of Forward-Looking Statements

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; any statements regarding 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 macroeconomic and geopolitical trends and events; the execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected operational and financial results; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2009 and HP’s other filings with the Securities and Exchange Commission, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2008. HP assumes no obligation and does not intend to update these forward-looking statements.

This news release may contain "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements contained in RR Donnelley's filings with the SEC. RR Donnelley disclaims any obligation to update or revise any forward-looking statements.