The wireless printer connects to the web via a Wi-Fi network and features a 4.3in touchscreen from which users can browse the web and choose which information they'd like to print.
HP also said it will launch an app store that will offer applications that allow users to personalise certain websites and then print content relevant to them such as vouchers, tickets and even news.
Google, Nickelodeon and DreamWorks Animation are among the first web companies that will launch apps for the printer. Photosmart Premium with TouchSmart web also offers a direct connection to photo sharing site Snapfish so users can print their photos stored on the site.
The printer's wireless connectivity means it can also be used to print documents from other PC's on the Wi-Fi network and as it's a multifunction device it also offers scanning, copying and faxing facilities. It also benefits from Bluetooth connectivity, which allows users to print directly from their mobile phone.
"By giving people access to the content they want at the touch of a finger, the ability to customize their printing experience and create their own apps, and enabling easy 'one touch' wireless setup, we are driving a significant shift in how people will be printing in the future," said Vyomesh Joshi, executive vice president, of HP's Imaging and Printing Group.
The Photosmart Premium with TouchSmart Web will be available in the US later this year priced at $399 (£244). HP has not released UK pricing and availability details yet.
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