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GBLT Corp
Symbol GBLT
Shares Issued 113,328,091
Close 2022-12-01 C$ 0.11
Market Cap C$ 12,466,090
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GBLT receives two Afgaphoto orders worth 268,200 euros

2022-12-02 09:30 ET - News Release

Dr. Thilo Senst reports

GBLT CLOSES ITS FIRST DEAL FOR ITS AFGAPHOTO MOBILE ENERGY PRODUCT IN THE UK

GBLT Corp. has received an order for its Afgaphoto products with a large e-commerce retailer as well as an additional order from a major retailer in the United Kingdom for a combined order of 268,200 euros (approximately $375,480).

"With our new office in the U.K., we are now well positioned to expand into the U.K. market, and other major markets in Europe and globally," said Dr. Thilo Senst, chief executive officer of GBLT. "The U.K. order is the first step towards expanding into the global stage with our diverse range of Afgaphoto products, specifically our higher-margin lithium storage systems. The need for mobile storage and batteries products are more prevalent than ever, and due to the ongoing energy crisis in Europe, we are experiencing significant growth in this vertical of our business. We will continue to seek opportunities to increase our bottom line with our growing sales in the Afgaphoto products, as well as our other high-margin product lines. We are excited for the initial order from the U.K. retailer, and with the opportunities we are seeing in the market, we will continue to capitalize on the abundant demand we are experiencing for all our products. We look forward to expanding our reach within and outside the European market with all our product lines during the remainder of the year and 2023."

Note: Exchange rate used was 1.40 Canadian/euro as per the Bank of Canada daily exchange rate for Nov. 29, 2022.

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 Dr. Senst brand.

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