GBLT continues global expansion by signing a distribution agreement with an expected total volume of $6.6M

TORONTO and DUREN — GBLT Corp., has signed a distribution agreement with a major consumer imaging distributor in the Nordic region for a minimum expected order volume of $6.6 million CAD to provide AFGAPHOTO portable energy solutions over four years and will cover locations in eight countries including Sweden, Denmark, Finland and more.

“We continue to focus on scaling our operations in all major European markets and are pleased to announce this new, multi-year relationship with one of the largest distributors in photography and video equipment in the European market today,” said Dr. Thilo Senst, CEO of GBLT. “Retailers and distributors in Europe are realizing the value proposition we provide by delivering high quality products at affordable prices. As the retail market is currently dealing with high manufacturer prices, the quality and affordability of our products are the main catalysts that retailers and distributors consider when deciding on their inventory and shelf space placements. We are pleased to engage in a new long-term relationship with this distribution partner and we look forward to expanding our offerings over time as we did with many of our long term clients.”

Dr. Senst continued, “We are continuing to develop relationships with large stable retailers and distributors and look forward to creating further business development opportunities with our new and existing clients alike. We are very excited for what the 2023 pipeline holds as we continue to receive large orders from multiple clients and are continuing to expand both geographically and in volume size. We look forward to continuing to expand our revenue streams to appropriately mitigate future risks and volatility while maximizing our bottom-line margins and value to our shareholders.”