Dr. Thilo Senst reports

GBLT SECURES $791,000 RENEWABLE ENERGY AGREEMENT, GENERATING CARBON CREDIT FOR ONE OF THE LARGEST GLOBAL CONSUMER GOODS CONGLOMERATES

GBLT Corp. has secured a new order for its solar energy solutions with one of the largest consumer goods conglomerates in the world. The contract is valued at 584,000 euros ($791,000) and will provide full buildout of solar-powered carports for the client, also driving the client's carbon-neutral goal by generating carbon credits.

"The client, with offices in 79 countries, has a goal to become carbon neutral by 2030, and we believe that this relationship will lead to significant additional opportunities with this client and others to play an instrumental role in facilitating generation of carbon credits for these clients," said Dr. Thilo Senst, chief executive officer of GBLT. "The carbon credit market globally surged to a record 760 billion euros ($1,026-billion) in 2021 as a result of governments globally driving their economies to reduce carbon emission. In addition, within Germany, the government policies for clean energy are beginning to be mandated, driving significant demand for renewable energy. Our high-margin and established solar energy business is experiencing significant demand from residential and commercial properties and we are seeing this part of our business playing a vital role to the growth of the company's future."

About GBLT Corp.

GBLT, through its operating company, GBT GmbH, designs, manufactures and supplies mobile storage and battery solutions. GBLT is also a leading provider of renewable energy solutions via its solar division, participating in the rapidly growing solar energy market. In addition, the company offers consumer health care and wellness products to some of the largest retail chains across the globe. GBT is also an official licensee for Agfaphoto mobile energy products. The company's branded health care and wellbeing products are primarily sold throughout Europe under the Dr. Senst brand.

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