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GBLT Corp
Symbol GBLT
Shares Issued 113,047,839
Close 2021-01-21 C$ 0.375
Recent Sedar Documents

GBLT receives $4.8M (U.S.) order for batteries

2021-01-21 09:26 ET - News Release

Dr. Thilo Senst reports

GBLT CORP. RECEIVES USD $4.8 MILLION CONTRACT WITH EUROPEAN MASS MERCHANDISER FOR PRIVATE BATTERY LABEL

GBLT Corp. has received an order of $4.8-million (U.S.) from one of Europe's biggest mass merchandisers to provide private-label batteries. This merchandiser had previously been a client of GBLT; however, this is the first time it has selected GBLT as a vendor without having an open tender process.

In addition to AgfaPhoto-branded batteries and mobile energy products, GBLT delivers private-label batteries that vendors can brand their own. This is often done to provide an alternative to more expensive brand-named batteries for consumers that are seeking a cheaper product. This allows retailers to solidify their own brand awareness with consumers.

"We continue to see success with our mobile energy and battery traditional business, even as we rapidly expand our product offerings to include personal protective equipment," said Dr. Thilo Senst, chief executive officer of GBLT. "The current economic environment has resulted in many companies having supply chain issues and being unable to deliver their products either on time or even at all. As a result of our superior supply chain, long-standing relationships and years of experience, our clients look to GBLT as a key supplier that can deliver products with certainty."

About GBLT Corp.

GBLT, through its operating company, GBT GmbH, designs, manufactures and supplies mobile storage, battery and personal protection equipment to some of the largest retail chains across the globe. GBT is also an official licensee for Kodak mobile storage systems and AgfaPhoto mobile energy products. The company's personal protection equipment is primarily sold throughout Europe under Dr. Senst brand, which is owned and operated by GBT GmbH.

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