TORONTO and DUREN, Germany, Jan. 31, 2023 /CNW/ – GBLT Corp. (TSXV: GBLT) (“GBLT” or the “Company”) is pleased to announce that its solar energy business has established its own supply of solar panels under the EXTRAVOLT® brand. GBLT might be distributing its solar panels alongside its GBT Solar Green Energy business, where the corporate currently delivers solar panel engineering, design, installation, and maintenance services to residential and business properties across Germany.
The demand for solar energy panels in Europe has increased by 47% in 2022 in comparison with 2021 with Germany leading the European countries in panels installed because the high energy prices made renewable energy a cheap solution. *
“We’re experiencing undeniably high demand for our solar energy solutions in Germany and given the macro environment challenges affecting global supply chain, we’re pleased to have our own stable supply of solar panels,” said Dr. Thilo Senst, CEO of GBLT. “In comparison with our competitors, the EXTRAVOLT solar panels offer the next electricity output with less footprint, making it more adaptable for various roof styles and sizes. These solar panels might be an extra revenue stream in our solar business vertically integrating with the GBT Solar Green Energy brand. Moreover, we aim to further scale our solar panel business through supplying our EXTRAVOLT solar panels to other renewable energy corporations that provide installation and engineering services. With double digit annual growth expected within the foreseeable future**, we sit up for meeting energy needs in Germany and in Europe while maximizing GBLT’s product scalability and further diversifying our revenue streams.”
GBLT Corp., through its operating company, GBT GmbH, designs, manufactures and supplies mobile storage, and battery solutions. GBLT can also be a number one provider of renewable energy solutions via its solar division, participating within the rapidly growing solar energy market. As well as, the Company offers consumer healthcare and wellness products to among the largest retail chains across the globe. GBT can also be an official licensee for AGFAPHOTO mobile energy products. The Company’s branded healthcare and wellbeing products are primarily sold throughout Europe under Dr. Senst brand.
For more information, please visit www.gbt-international.com and www.gbltcorp.com.
Certain statements on this news release, which aren’t historical in nature, constitute “forward looking statements” inside the meaning of that phrase under applicable Canadian securities law. These statements include, but aren’t limited to, statements or information regarding the Company’s proposed activities under the Agreement, the Company’s ability to realize sales, business or otherwise, from its products, and the expectations of the Company regarding funding payments due pursuant to the Agreement. These statements reflect management’s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other aspects which can cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Except as required pursuant to applicable securities laws, the Company is not going to update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed details about potential aspects that would affect financial results is included within the documents filed on occasion with the Canadian securities regulatory authorities by the Company. Readers are cautioned not to put undue reliance on forward looking statements.
Neither the TSX Enterprise Exchange nor its Regulation Services Provider
(as that term is defined within the policies of the TSX Enterprise Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE GBLT Corp.
© Canada Newswire, source Canada Newswire English