06:56:44 EDT Thu 13 Aug 2020
Enter Symbol
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Symbol GBLT
Shares Issued 112,525,619
Close 2020-01-14 C$ 0.07
Recent Sedar Documents

GBLT sends Kodak storage models to Jordanian partner

2020-01-14 18:24 ET - News Release

Dr. Thilo Senst reports


GBLT Corp.'s wholly owned subsidiary GBT sent its first Kodak mobile storage systems range to its new exclusive partner in Jordan. By sending different mobile storage models, including compatible solar panels, GBT directly approaches the Jordanian market with a wide product range.

Jordan is one of the fastest growing populations in the world. Countries like Jordan with a high-power failure rate due to its difficult infrastructure, but at the same time with seven to ten hours of sun all year around is a great market for GBTs solar rechargeable mobile storage systems. These products offer an environmentally friendly solution to the population in order to overcome these power shortages. Due to its geographical location Jordan is the perfect steppingstone into the middle eastern market.

"Being a part of the global Kodak licensee family pays off. Mkateb is dedicated to the Kodak brand and is distributing a wide range of Kodak products in the middle east. By being a global brand licensee of Kodak, GBT has a natural, great access to highly repudiated wholesalers all over the world. We feel honored, that with Mkateb we now can make a giant leap presence wise with having a great partner in Jordan, with access to many other middle-east countries." says CEO Dr. Thilo Senst.

Update on $750,000 convertible debenture

The company will not be proceeding with the proposed loan from its chief executive officer, Dr. Senst, of up to $750,000 (press release dated Nov. 11, 2019). The loan would have been completed through the issuance of an unsecured convertible debenture for an aggregate principal amount of up to $750,000 bearing interest at a rate of 8 per cent per annum, payable quarterly and maturing 12 months from issuance.

About GBLT

GBLT, indirectly through its operating company, GBT GmbH, is a diversified lighting and battery company and the official licensee for Polaroid light products (LED and all other lighting technology including retail and projects), KODAK energy storage systems (mobile and fixed systems), and AGFAPHOTO mobile energy products (such as batteries).

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