NEWTON, Mass.--FP Technology, Inc. (OTCBB:FPTI), doing business as Firepond, launches version 3.5 today of its multi-tenant Configure-Price-Quote (CPQ™) OnDemand solution. This release features several enhancements.

FP Technology’s CEO Bill Santo said, “We are pleased to announce the enhancements for version 3.5. We provide our customers with a simple user interface to configure complex products and services with a few clicks of the mouse, all tightly integrated to salesforce.com’s leading CRM product. Because of Firepond’s multi-tenant, on-demand architecture, we were able to deploy our second release for 2006 easily and simultaneously to all users. This approach yields a significant cost savings for Firepond and its customers compared to the upgrade process for enterprise systems. In addition to enhancing the Firepond CPQ OnDemand application, this release clearly proves the benefits of our multi-tenant architecture.”

Firepond CPQ OnDemand version 3.5 includes features that improve the overall user experience, data management and the presentation of proposals to support a worldwide sales force.

About Firepond

FP Technology, doing business as Firepond, is a leading provider of multi-tenant, on-demand CPQ™, 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).