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GBLT Corp
Symbol GBLT
Shares Issued 113,047,839
Close 2021-04-19 C$ 0.31
Recent Sedar Documents

GBLT receives $20.4M (U.S.) order to provide batteries

2021-04-20 11:37 ET - News Release

Dr. Thilo Senst reports

GBLT CORP. RECEIVES USD $20.4M ORDER FROM GLOBAL RETAILER

GBLT Corp. has received an order of $20.4-million (U.S.) from a global mass merchandiser to become the exclusive provider of private-label batteries over a period of three years. This global merchandiser most recently purchased a combined $7.5-million in private-label batteries, as previously announced on Jan. 21, 2021, and Feb. 18, 2021.

With 360,000 employees globally and 63 billion euros in annual turnover, this client is one of the largest retailers globally.

"This is a milestone win for our company and highlights the global reputation GBLT has established as one of the premier vendors for products ranging from mobile storage and batteries to PPE," said Dr. Thilo Senst, founder and chief executive officer of GBLT. "Retailers around the globe entrust GBLT to deliver high-quality products on time and at competitive prices, and this contract announcement is more evidence of yet another retailer's commitment to GBLT. We are seeing increased demand for all of our products, which is a direct function of being a listed vendor in these major retailers. We have still barely scratched the surface of our potential within these clients and are extremely excited about the prospect of future business opportunities."

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.

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