Help Killit.exe Malware, Spyware or Useful?

Ok my new computer has killit.exe in the C:\HP\BIN folder which is a
Hidden folder. Ad-Aware didn't find it but, Panda Anti-Virus lists it
as Malware or a Hacking Tool. Now I ran killit through Google and
many people say it came with their computer and was put there by HP.

Is killit.exe Malware or part of an HP program?

TIA