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GBLT Corp
Symbol GBLT
Shares Issued 113,328,091
Close 2022-06-13 C$ 0.055
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GBLT wins four-million-euro private label battery order

2022-06-20 11:38 ET - News Release

Dr. Thilo Senst reports

GBLT CONTINUES TO RECEIVE ORDERS FROM ONE OF THE LARGEST DRUGSTORE CHAIN IN EUROPE

GBLT Corp. has secured an order for its private label battery for four million euros ($5.4-million) with one of the largest drugstore retailers in Europe with over 3,000 locations globally.

"We have adjusted all the pricing for the private label battery business to accommodate the current increase in costs," said Dr. Thilo Senst, chief executive officer of GBLT. "Despite the significant increase in our pricing, we were able to secure a multimillion-dollar order from one of the largest drugstore retailers in Europe. This retailer is one of our largest customers and has been a sticky recurring source of business for years. The quality of our products speak for itself as the demand for our private label business is unfazed by the increases in our pricing to accommodate the ongoing market volatility and inflation."

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 through 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 well-being products are primarily sold throughout Europe under the Dr. Senst brand.

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