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The EliteBook Folio is HP’s first business-class ultrabook. It has many of the features we’ve come to expect from consumer-oriented ultrabooks including a thin and light design and solid state storage.

But it also has enterprise security features as well as one item that’s nearly impossible to find on an ultrabook: a user replaceable battery.

The notebook has a 14 inch, 1366 x 768 pixel matte display, weighs 3.6 pounds, and measures 0.75 inches thick.

That makes it a little lighter than the HP Envy 14 or 15 ultrabooks, but a little heavier than the HP Envy SpectreXT.

HP has packed 3 USB 3.0 ports into the EliteBook Folio, including one that functions as a charging port.

The notebook also features a DisplayPort, VGA and Ethernet ports, a Smart Card reader and fingerprint scanner into the case. The Elitebook Folio also has an embedded TPM security chip and supports full volume encryption.

The notebook has a backlit keyboard and a 4 cell, 52 Whr battery that’s removable. HP also offers a 6-cell, 60Whr battery slice which you can attach to the bottom of the notebook for up to 20 hours of battery life.

While HP’s consumer ultrabooks which will launch with second generation Intel Core processors and receive Ivy Bridge updates later this year, the EliteBook Folio will ship with Ivy Bridge.

Unfortunately it won’t actually be available for purchase until October. HP expects to sell the notebook for $1149 and up.

The notebook features two memory slots with support for up to 16GB of RAM. HP will offer hard drive and solid state disk options, with support for up to 500GB of storage with a 7200RPM hard drive or 256GB with an SSD. If you go the hard drive route, there’s also an option for 24GB or 32GB of solid state cache.