News highlights:                         

• HP, the global 3D printing leader, and Deloitte, the worldwide leader in professional services and a leader in digital supply chain transformations, join forces to accelerate the digital reinvention of the US$12 trillion global manufacturing industry.
• HP and Deloitte, along with a global partner ecosystem, will help customers accelerate product design, speed production, create more flexible supply chains, and optimize the manufacturing lifecycle.

PALO ALTO, Calif., Aug. 24, 2017 (GLOBE NEWSWIRE) -- Today, HP Inc. (NYSE:HPQ) and Deloitte Consulting LLP announced a first-of-its-kind alliance to help accelerate the digital transformation of the global manufacturing industry. The two companies will collaborate on the implementation of HP’s 3D printing systems in large-scale manufacturing environments, applying their leading digital operations experience to help enterprises accelerate product design and production, create more flexible manufacturing and supply chains, and enhance efficiency across the manufacturing lifecycle. This can help increase innovation, accelerate time-to-market, reduce costs and waste, and help large enterprises compete more effectively in today’s dynamic global economy.  

The alliance will combine HP’s award-winning Jet Fusion 3D Printing solutions and tools, industry-leading partner ecosystem, and heritage of driving digital industrial transformations together with Deloitte’s global client reach and deep manufacturing relationships, extensive digital operations experience, and proven success in supply chain transformation for some of the world’s largest companies. 

“The Fourth Industrial Revolution is upon us. No sector of the global economy is undergoing more radical transformation than the US$12 trillion manufacturing market,” said Dion Weisler, President and CEO, HP Inc. “Companies investing in digital reinvention are poised to outpace their peers. Building on our disruptive 3D printing technology, together with Deloitte, we are focused on helping customers transform and win in this new era.”

“The digitalization of global manufacturing operations and practices will impact companies and consumers around the world, and 3D printing will play an important role in fundamentally changing manufacturing as we know it,” said Punit Renjen, Global CEO at Deloitte. “This alliance comprises two exceptional brands and brings together HP’s leading 3D printing platform with Deloitte’s digital manufacturing experience and global client reach.”

The speed, economics, quality, and reliability of HP’s 3D printing solutions are enhancing business operations with a growing list of leading global companies including BMW Group, Jabil, Johnson & Johnson, Nike, and many more, as well as a wide array of manufacturing service bureaus in North America, Europe, and Asia-Pacific. 

“3D printing empowers design freedom and product personalization while delivering a digital thread to transform supply chains and open the door for distributed manufacturing,” said John Dulchinos, vice president of digital manufacturing at Jabil. “As part of this powerful ecosystem, Jabil works with leaders such as HP and Deloitte to help customers across different industries benefit from HP’s groundbreaking Multi Jet Fusion technology to make production-grade parts in volume and ramp additive manufacturing innovations.”

HP’s end-to-end manufacturing ecosystem includes engineering, software, enterprise, and manufacturing workflow leaders such as SAP, Siemens, Autodesk, and Materialise as well as members of its unique open 3D materials platform including Arkema, BASF, Evonik, Henkel, Lehman & Voss, and Sinopec Yanshan Petrochemical Co.

Deloitte’s Supply Chain and Manufacturing Operations practice is a global leader in helping companies apply digital business strategy to manufacturing initiatives to drive operational excellence. Deloitte has formed an ecosystem of digital collaborators, including Amazon Web Services (AWS), Cloudera, Dassault Systèmes, Google Cloud, SAP, and Siemens, to help clients accelerate their digital transformations. Deloitte will play an important role in helping organizations make use of 3D printing technology in their supply chain networks – a move that has the potential to fundamentally impact the way manufacturing organizations function.

“This new alliance reinforces the longstanding relationships Siemens has built with HP and Deloitte, and creates greater opportunities to digitally transform the global manufacturing industry,” said Tony Hemmelgarn, President and CEO, Siemens PLM Software. “We see enormous potential in the next generation of integrated product design, engineering, manufacturing and business innovations that elevate the voxel control and production-ready capabilities of HP’s Multi Jet Fusion 3D printing technology.”

With the potential to lower costs, increase production speed and flexibility, minimize distribution borders, and create entirely new markets worldwide, 3D printing is helping to unlock the promise of a new global industrial revolution.

“As a long-standing partner of both Deloitte and HP, we are pleased to see the synergy of their unique strengths combined to drive worldwide adoption of 3D printing across industries,” said Dr. Tanja Rueckert , President IoT & Digital Supply Chain, SAP SE. “SAP continues to accelerate efforts to drive a global, scalable, and open manufacturing business network for industrial 3D printing with SAP Distributed Manufacturing. HP’s disruptive Multi Jet Fusion 3D printing technology, Deloitte’s manufacturing domain expertise, and SAP’s global, cloud-based manufacturing business network help to deliver the power, speed, and quality of the distributed manufacturing digital transformation today."

This alliance, which will begin in the U.S. and expand to other geographies, is part of HP and Deloitte’s ongoing collaboration designed to accelerate digital transformation for the enterprise. Deloitte and HP will offer solutions that combine Deloitte’s extensive business transformation capabilities with HP’s managed print, device-as-a-service (DaaS), commercial mobility, and cyber-security offerings.    

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.

About Deloitte
“Deloitte” is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management, tax, and related services to select clients. These firms are members of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”). Each DTTL member firm provides services in particular geographic areas and is subject to the laws and professional regulations of the particular country or countries in which it operates.

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.