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GBLT Corp
Symbol GBLT
Shares Issued 113,328,091
Close 2022-11-16 C$ 0.10
Market Cap C$ 11,332,809
Recent Sedar Documents

GBLT receives over $5.5M in solar energy product orders

2022-11-17 10:15 ET - News Release

Dr. Thilo Senst reports

GBLT'S SOLAR ENERGY BUSINESS RECEIVES OVER 200 ORDERS VALUED AT OVER $5.5 MILLION

GBLT Corp. has received over 200 orders for its solar energy solutions with retail household clients for a total value of over four million euros (approximately $5.5-million). The individual contracts are an indication of the abundance of demand for GBLT's full buildout of solar powered solutions to household and residential buildings.

"The market for renewable energy is in its highest demand we have ever experienced, and have been boosted by Germany's clean energy mandates, high energy prices, as well as the growing energy shortage in Europe," said Dr. Thilo Senst, chief executive officer of GBLT. "We continue to experience an abundance of demand for our solar energy solutions from both commercial and private households, and we are seeing this trend accelerating. We currently have over 200 outstanding orders to manage in our solar energy business pipeline and this number is growing daily. We are pleased to be one of the premier solutions to the energy needs of the consumers in Germany and will continue to work diligently to continue growing our work force to capitalize on the large opportunity that lays ahead for the foreseeable 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 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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