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AmericaOne and HP Forge Winning Team for the 2000 America's Cup

AmericaOne Is First U.S. Syndicate to Announce Major Sponsor

SAN FRANCISCO (April 8, 1998) — AmericaOne, the San Francisco-based challenger for the 2000 America's Cup,
HP Announcement Paul Cayard announces HP sponsorship at StFYC.
announced today that Hewlett-Packard Company (HP) has been designated as the Official Information Technology Sponsor of AmericaOne, which becomes the first United States team to sign a major sponsor.

HP will provide AmericaOne with significant technological advantages by supporting the boats' design and sailing and business operations via a wide range of computing equipment, support, services, as well as campaign funding.
Dick Watts and Paul Cayard
Dick Watts and Paul Cayard
As an official AmericaOne sponsor, HP will help develop breakthrough achievements in boat design technology by providing the syndicate with an integrated computing solution that includes HP personal computers, palmtops, storage devices, scanners, printers, copiers, digital cameras and high-performance workstations and Exemplar servers. HP also will provide consulting services and support for critical research and design of the keel, hull and sails for the two boats.

Video Clip: Paul Cayard
"Collaborating with HP marks a major milestone in AmericaOne's campaign to beat the Kiwi's in New Zealand in 2000 and bring the race to San Francisco Bay," said Paul Cayard, AmericaOne Skipper and CEO. "Technology is a determinant factor in winning the America's Cup. We are pleased that HP decided to back AmericaOne. This is my fifth America's Cup campaign and I know that the key ingredients for winning are having an early lead in the development race and creating the fastest boat and the best crew. We now have these core strengths in place -- and with HP's global technology leadership and reputation, we're even more confident that our quest for the Cup will be successful."

Video Clip: Dick Watts
"In evaluating which America's Cup syndicate to back, we were looking for the best opportunity for HP to be an integral part of winning," said Dick Watts, HP vice president of Computer, Sales and Distribution. "We believe that AmericaOne provides that opportunity to us by combining our technology and resources with the unmatched design team and racing crew that AmericaOne has assembled. We're confident that HP will enhance AmericaOne's design process and produce the fastest boat on the water."

Mayor Willie Brown, Paul Cayard, Dick Watts and John Marks
AmericaOne's design program will rely extensively upon HP's Exemplar class of supercomputers, which will include a 128-processor X-Class system to enable the design team to more accurately analyze and evaluate a wider range of design options.

"In past America's Cup campaigns, our computational fluid dynamics programs have been limited by available computing resources," said Bruce Nelson, principal designer of AmericaOne and designer of previous America's Cup winners. "The HP systems are critical to the success of our design program because they provide us with the computational headroom needed to resolve the most complicated fluid dynamics issues inherent in America's Cup yacht design. This is a huge advantage to our team."

The America's Cup
The next America's Cup will be held in Auckland, New Zealand in February - March 2000. Challengers will race in a selection series from October 1999 through February 2000 to select one Challenger for the America's Cup match against Team New Zealand. Sixteen challengers from ten nations have met the requirements to race in the Challenger Selection Series. The racing will draw an extensive worldwide TV coverage during the 16 weeks of competition.

About HP
HP has a long history of involvement in worldwide sporting events dating back to the 1972 Olympics. HP has supported past America's Cups, the Tour de France, World Team Tennis, The Tottenham Hotspur Football Club in the UK, Major League Soccer in the United States, the San Francisco 49ers NFL franchise, and the 1998 World Cup in France.

Hewlett-Packard Company is a leading global provider of computing, Internet and intranet solutions, services, communications products and measurement solutions, all of which are recognized for excellence in quality and support. It is the second-largest computer supplier in the world, with computer-related revenue in excess of $35.4 billion in its 1997 fiscal year. HP has 123,300 employees and had revenue of $42.9 billion in its 1997 fiscal year.

Information about HP and its products can be found on the World Wide Web at http://www.hp.com.

About the Challenge
AmericaOne is dedicated to recapturing the America's Cup by applying U.S. technology in computer equipment, aerodynamics, hydrodynamics, sail design, naval architecture and structural engineering to America's Cup sailboat design. In addition to HP, technology partners include Science Applications International Corporation (SAIC), Netscape and Exponent. The AmericaOne team is comprised of twenty-nine professionals, including 20 members of the design team actively working on the research and design of its sailboats. AmericaOne was founded in March 1996 as the challenger on behalf of San Francisco's St. Francis Yacht Club.

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For further information, please contact:
Gina Von Esmarch, AmericaOne e-mail: gvonesmarch@americaone.org
Phone: 415-474-3425
Fax: 415-474-3571
Bob Major, HP e-mail: bob_major@hp.com
Phone: 408-447-1696
Fax: 408-447-5699



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