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Does an HP Network Printer need an IP address to be shared on small network?

There are two users, and 1 printer in a small group about to be connected to an office suite router.  I have requested a subnet with a NetMask of 29, which will support 6 IP addresses, but they may only want to give a NetMask of 30 with 2 IP addresses included in basic rent.  

The two users have an HP Printer  HP M475.  I recall HP's software being able to connect via printer hostname.

Does the HP Printer need an IP address?

Thanks
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