Dr. Thilo Senst reports
GBLT ANNOUNCES USD $2.5 MILLION EXPANSION OF PRIVATE LABEL BATTERY CONTRACT
GBLT Corp. has received an additional order of $2.5-million (U.S.) for private-label batteries, deliverable in Q3 and Q4 2021, from one of the five-largest drug store chains in the world. This is the second order from the client in 2021 and marks a significant expansion from the initial order of $3.3-million (U.S.) and significantly exceeds the expected order size.
"Global retailers significantly expanded their market share during the COVID-19 as they were able to remain open in these difficult times," stated Dr. Thilo Senst, founder and chief executive officer of GBLT. "These store chains are GBLT's biggest clients and accordingly we have seen growth in their spend with us as consumers continue to require mobile energy and battery solutions. As a result, we are a direct beneficiary of these retailers continuing to not only maintain but capture new market share as the end consumer shows their brand loyalty to our products during this period of transition to normalcy."
Dr. Senst continued: "We continue to prove to retailers that we are able to deliver top-tier products even in difficult times. Our relationships with these companies as a listed vendor are extremely valuable and remain a key driver of our growth as an organization going forward and as we continue to deliver products believe this will further drive the strongest performance in our company history."
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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