09:28:31 EST Sat 27 Nov 2021
Enter Symbol
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Symbol GBLT
Shares Issued 113,047,839
Close 2021-03-30 C$ 0.30
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GBLT receives 780,000-euro LED torch order

2021-03-30 10:27 ET - News Release

Dr. Thilo Senst reports


GBLT Corp. will deliver an order for LED torches to one of the five largest global retailers. The 780,000-euro order is part of a promotional program that will run throughout the second half of 2021 and will be labelled under a popular brand's flashlight and lifestyle products.

This is the first non-personal protective equipment product that is being delivered to this global retailer and will be stocked on shelves throughout the European Union.

"This contract highlights the value of being a listed vendor for large retailers that continue to entrust us with large orders that span multiple countries and stores," said Dr. Thilo Senst, chief executive officer of GBLT. "Our supply chain has been established so that we are able to deliver a vast array of products with certainty and are not dependent on any one distribution outlet. With continued timely delivery and optimal pricing power, global retailers continue to entrust GBLT with larger orders and we expect this trend to continue as we continue through 2021 and well into the future. As our product portfolio grows, we believe this turnover can grow even more substantially to the point where we are regularly seeing multimillion euro turnover contracts from these global retailers."

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 the Dr. Senst brand, which is owned and operated by GBT.

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