Tungsten Corporation PLC Partnership Agreement
03 December 2021 - 6:00PM
RNS Non-Regulatory
TIDMTUNG
Tungsten Corporation PLC
03 December 2021
This is a Reach announcement and the information contained is
not considered to have a significant impact on management's
expectations of the Group's performance. Reach is an investor
communication service aimed at assisting listed and unlisted
(including AIM quoted) companies to distribute non-regulatory news
releases into the public domain. Information required to be
notified under the AIM Rules for Companies, Market Abuse Regulation
or other regulation would be disseminated as an RNS regulatory
announcement and not on Reach.
3 December 2021
Tungsten Corporation plc
("Tungsten" or the "Company")
Partnership Agreement
Tungsten network selected by Amazon Business to support
automated invoice processing for joint finance and procurement
customers
Tungsten Corporation plc (AIM: TUNG), a leading provider of
digital financial management and software solutions, has been
selected by Amazon Business to support its global e-invoicing
program in Europe and the U.S.
The partnership will enable customers to automate the processing
of Amazon Business invoices via the Tungsten e-invoicing network.
The integration makes use of Tungsten's Accounts Receivable
solution and automates invoicing processes, saving both time and
effort for customers.
Paul Cooper, CEO of Tungsten Corp plc, commented, "We are
delighted to work with Amazon Business to enhance our value to
current and new customers, t his is the future of digital
procurement . Tungsten offers customers the flexibility to
integrate with any procurement platform and the ability to deliver
exceptionally high levels of straight-through processing."
Nabil De Marco, Director for Amazon Business Europe, commented
"At Amazon Business we are always looking for ways to further
improve our customer offering. Through this partnership, we are
excited about supporting our customers to digitize their
procurement processes, lower their overall cost of operations and
boost their efficiency."
Enquiries
Tungsten Corporation plc via Tavistock
Paul Cooper, Chief Executive Officer
Canaccord Genuity Limited (Broker and Nominated
Adviser)
Simon Bridges/Andrew Potts +44 20 7523 8000
Tavistock Communications Financial PR & IR
Heather Armstrong
Katie Hopkins +44 20 7920 3150
About Tungsten Corporation plc
Tungsten Corporation (AIM: TUNG) is the world's largest,
compliant business transaction network. A leading global electronic
invoicing and purchase order transactions network; Tungsten's
mission is centred on enabling a touchless invoice process allowing
businesses around the globe to gain maximum value from their
invoice process.
Tungsten processes invoices for 74% of the FTSE 100 and 71% of
the Fortune 500. It enables suppliers to submit tax compliant
e-invoices in 54 countries, and last year processed transactions
worth over GBP220 billion for organisations such as Caesars
Entertainment, Computacenter, GlaxoSmithKline, Kraft Foods, Mohawk
Industries, Mondelēz International, Procter & Gamble, Shaw
Industries, Unilever and the US Federal Government.
Founded in 2000 and headquartered in London, Tungsten has
offices in the US, Bulgaria and Malaysia, employing over 227
people.
Forward looking statements
This document contains forward-looking statements that may or
may not prove accurate. For example, statements regarding expected
revenue growth and trading margins, market trends and our product
pipeline are forward-looking statements. Phrases such as "aim",
"plan", "intend", "anticipate", "well-placed", "believe",
"estimate", "expect", "target", "consider" and similar expressions
are generally intended to identify forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other important factors that could cause actual
results to differ materially from what is expressed or implied by
the statements. Any forward-looking statement is based on
information available to Tungsten as of the date of this statement.
All written or oral forward-looking statements attributable to
Tungsten are qualified by this caution. Tungsten does not undertake
any obligation to update or revise any forward-looking statement to
reflect any change in circumstances or in Tungsten's
expectations.
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an
issuer is confirming that the information contained within this
announcement is of a non-regulatory nature. Reach announcements are
identified with an orange label and the word "Reach" in the source
column of the News Explorer pages of London Stock Exchange's
website so that they are distinguished from the RNS UK regulatory
service. Other vendors subscribing for Reach press releases may use
a different method to distinguish Reach announcements from UK
regulatory news.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRAEAFAAEAEFFAA
(END) Dow Jones Newswires
December 03, 2021 02:00 ET (07:00 GMT)
Tungsten (LSE:TUNG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Tungsten (LSE:TUNG)
Historical Stock Chart
From Jul 2023 to Jul 2024