Business Services Industry

Sonitrol Corporation Deploys Firepond Configure-Price-Quote OnDemand for AppExchange; Sonitrol Corporation Has Significantly Improved the Consistency of Data and Reduced the Time It Takes to Prepare a Quote

Business Wire, July 12, 2006

NEWTON, Mass. -- FP Technology, Inc. (OTCBB:FPTI, formerly OTCBB: AFGU), doing business as Firepond, announced today that Sonitrol Corporation has deployed Firepond CPQ(TM) OnDemand integrating it as the product configuration, price, quote, and proposal component in Sonitrol's Salesforce on-demand CRM solution.

Sonitrol, headquartered in Berwyn, PA, offers the most effective electronic protection available today. Sonitrol selected Firepond CPQ OnDemand because of its tight integration to salesforce, and wanted a solution that would standardize pricing, discounting and proposals worldwide.

Ken Teifer, Sonitrol Vice President of Sales, stated, "We have been using Firepond CPQ OnDemand for over a year and a half now with over 150 users. During that time, even though we have added new sales representatives, we have seen the time it takes to configure, price and quote our products reduced by at least 50%. Also, because it allows us to improve our consistency for data distribution to over 100 people worldwide, it has made a significant impact on our margin improvements."

Bill Santo, FP Technology's CEO, said "Sonitrol's success is an example of how our multi-tenant Firepond CPQ OnDemand can streamline the configure-price-quote process by putting all the information a salesperson needs in one location. Their success also further validates the on-demand business model for sales systems. Data updates are deployed quickly, and those updates are then immediately available to Sonitrol salespeople, with no end-user installation."

Firepond is a certified AppExchange partner. Firepond OnDemand is one of more than 250 applications created by salesforce.com, its customers and partners that are now available on the salesforce.com AppExchange, the world's first on-demand application platform. AppExchange provides unprecedented ease of customization and integration for Salesforce deployments, as well as enabling a whole new generation of on-demand applications that go beyond CRM. AppExchange enables all of these on-demand applications to be easily shared, exchanged and installed with one click into any salesforce.com account. AppExchange can be found at http://www.salesforce.com/appexchange.> About Sonitrol

Sonitrol Corporation (Berwyn, PA), the leader in verified electronic security, has provided integrated commercial security solutions nationwide and abroad for over 40 years. Sonitrol offers the most unique, effective electronic security protection available today including verified audio intrusion detection, managed access control, video surveillance, fire detection, and web-enabled monitoring services. Sonitrol's one-of-a-kind audio verification capability is well known for its record of low false alarms, fast police response and the highest documented apprehension rate in the security industry. Since 1977, Sonitrol has assisted local law enforcement in the apprehension of more than 155,000 criminals. For more information on Sonitrol and its integrated security solutions, please visit the company's website at http://www.sonitrol.com.

About FP Technology

FP Technology, doing business as Firepond, is a leading provider of multi-tenant, OnDemand CPQ(TM), or Configure, Price, Quote software that automates and simplifies product pricing and configuration for companies and helps these enterprises improve order accuracy while reducing their cost of sales. Firepond's sales solutions help companies to optimize their sales processes whether their need is to solve complex product or pricing configuration, create product catalogs or provide an interactive selling system and dramatically improve response time. Firepond solutions provide a rapid ROI through improved order accuracy (nearly 100% of submitted orders have accurate specifications and pricing), improved proposal generation time and high user acceptance. Product data is maintained using Firepond's Product Data Manager that features a highly visual and easy to learn user interface and powerful data import utilities. FP Technology is headquartered in Newton, Massachusetts. For additional information about Firepond CPQ OnDemand visit www.firepond.com or call 1-866-UCONFIG (826-6344).

Firepond is a trademark of FP Technology, Inc. CPQ is a trademark of FP Technology, Inc. Other names used may be trademarks of their respective owners. Salesforce.com is a registered trademark of salesforce.com, Inc., San Francisco, California. Other names used may be trademarks of their respective owners.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended including statements regarding FP Technology, Inc (doing business as Firepond, Inc) anticipated revenue, growth in FP Technology, Inc. target market, and market trends favorable to FP Technology, Inc. Investors are cautioned that all forward-looking statements involve risks and uncertainty. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. Important factors that could cause actual results to differ materially from the forward-looking statements include the Company's need to obtain substantial additional capital (through financings or otherwise) to fund its operations, fluctuations in the Company's business results, and changes in the markets it serves. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.

COPYRIGHT 2006 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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