TIDMTUNG

Tungsten Corporation PLC

30 March 2015

TUNGSTEN CORPORATION PLC

("Tungsten" or the "Company")

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN NOR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

For Immediate Release 30 March 2015

Market update

Morgan Advanced Materials chooses Tungsten to deliver AP efficiencies

Atlanta, 30 March, 2015 - Morgan Advanced Materials, a world leader in advanced materials technology that operates in more than 50 countries, has signed with Tungsten Corporation plc (LSE:TUNG), the global electronic invoicing, analytics and invoice financing company, to bring greater efficiencies to its accounts payable (AP) processes.

Morgan Advanced Materials is implementing a JD Edwards enterprise resource planning (ERP) system and is seeking to concurrently implement an AP automation solution to streamline its invoice process. Its ERP implementation partner strongly encouraged the client to evaluate Tungsten's solution based on its strength in the market. Tungsten's All-in-One For JD Edwards AP product integrates with JD Edwards software and enables the processing of all invoices.

Rick Hurwitz, Tungsten Chief Executive Officer (Americas), said: "I'm delighted that Morgan Advanced Materials, a FTSE 250 company, has chosen to work with Tungsten to streamline its payables process. Tungsten acquired Docusphere last summer in order to extend our portfolio of P2P technologies to better help our clients operate more efficiently and effectively. We look forward to achieving just that with the team at Morgan Advanced Materials."

Enquiries:

Tungsten Corporation plc

Edmund Truell, Chief Executive Officer +44 20 7280 7901

   Juliana Wheeler, Head of Global Communications                         +44 20 7280 7973

Charles Stanley Securities

(Nominated Adviser and Joint Broker)

Marc Milmo/Dugald Carlean +44 20 7149 6000

Canaccord Genuity Limited

(Joint Broker)

   Simon Bridges/Peter Stewart/Cameron Duncan                              +44 20 7523 8000

Neustria Partners (Investors and Analysts)

   Robert Bailhache/Nick Henderson/Charles Gorman                       +44 20 3021 2580

Equus Group (Media)

   Piers Hooper/Sam Barton/James Culverhouse                               +44 20 7223 1100

About Tungsten Corporation plc

Tungsten Corporation (LSE: TUNG) accelerates global trade by enabling customers to streamline invoice processing, improve cash-flow management and make better buying decisions from their detailed spend data.

Buyer organisations that join Tungsten Network, the world's largest compliant electronic invoice network, can reduce their invoice-processing costs by 60%. Suppliers benefit from efficiencies, greater visibility of their invoice status and peace of mind. Tungsten offers supply chain financing through Tungsten Bank*; and helps buying organisations profit by applying real-time spend analytics to its vast repository of line-level invoice data.

Tungsten serves 56% of the Fortune 500 and 67% of the FTSE 100 by connecting the world's largest companies and government agencies to their thousands of suppliers around the globe. It enables suppliers to submit tax compliant e-Invoices in 47 countries, and last year processed transactions worth over $187bn for organisations such as Alliance Data, Aviva, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, Henkel, IBM, Kellogg's, and the US Federal Government.

Tungsten Corporation acquired DocuSphere, a provider of accounts payable automation solutions, in September 2014.

Contact: James Culverhouse, Equus, +44 020 7223 1100, james.culverhouse@equusgroup.co.uk.

* Tungsten Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Tungsten Bank is registered on the financial services register with firm reference number 139209.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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