Tecnoglass announces long term strategic partnership with Wells Fargo

Tecnoglass (TGLS) announces a strategic partnership with Wells Fargo (WFC) to create a new ES Windows financing program available nationwide for its existing and expanding geographies. As a wholly owned distributor and retailer of Tecnoglass products, ES Windows has designed a program that is expected to benefit both dealers and end consumers by providing very competitive and affordable financing products directly from Wells Fargo. By incentivizing its clients and end consumers, the Company expects to also drive incremental sales and target a broader audience as part of its overall single-family residential expansion strategy. Jose Daes, Chief Executive Officer, commented, "Tecnoglass is committed to helping its customers successfully grow their businesses and we believe this program will help generate revenue for Tecnoglass partners by reducing the cost of financing window renovations. Offering access to a variety of affordable financing solutions can be an important competitive advantage to attract consumers making structural upgrades, such as windows. As we open new geographies, we are excited to partner with Wells Fargo, a global institution with significant reach within the U.S."