Gersan Elektrik Ticaret ve Sanayi A.Ş. began trading on the OTCQX Best Market on July 23, 2026, under the symbol GERLF. The qualification allows the Türkiye-based industrial manufacturer to offer U.S. investors access to current financial disclosure and real-time Level 2 quotes. This expansion into the U.S. market provides efficient, cost-effective access to capital markets while utilizing home market reporting standards.

Gersan Elektrik Ticaret ve Sanayi A.Ş. produces systems and materials that carry, combine, and protect conductors from power plants to end-use sockets. The company operates in the electrical equipment, energy distribution, and electromechanical infrastructure sectors. Its product portfolio includes cable carrier systems, busbar systems, grounding systems, electrical panels, EV charging systems, automation systems, and lighting systems.

In recent weeks, Gersan announced it initiated a strategic acquisition process intended to support potential U.S.-based production of its busbar products. These products include applications in data center installations, which represent a significant end market for the company.

OTCQX Market Standards

To qualify for the OTCQX Best Market, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make information available in the U.S.

Market Trading Volume

Trading in Middle East-African securities on OTC Markets reached $950 million in the second quarter of 2026. OTC Markets recorded $453.34 billion in total dollar volume in the first half of the year.

Gersan is listed on Borsa Istanbul under the ticker GEREL and trades on the Main Market.

Gersan Elektrik Ticaret ve Sanayi A.Ş. has entered into a non-binding statement of intent with SmartBolts, a U.S.-based company organized under the laws of the State of Maryland, to explore a potential strategic collaboration. The agreement provides a framework for discussions regarding the manufacture, commercialization, distribution, financing, and development of products and technologies within their respective markets. This move aligns with Gersan Elektrik's broader corporate development roadmap to evaluate international business opportunities that complement its core industrial activities.

The contemplated discussions remain exploratory and are subject to legal, technical, financial, operational, regulatory, and commercial review, due diligence, negotiation, and approval. SmartBolts specializes in tension-indicating fastener solutions that display bolt tension through a visual indication system. This technology supports the monitoring of critical bolted joints across industrial applications where installation reliability, inspection efficiency, and maintenance visibility are crucial.

Strategic Context

This development follows Gersan Elektrik's recent announcement regarding its application process for cross-trading its shares on the OTCQX Market in the United States. The company views these initiatives as complementary steps in its internationalization strategy. Erkan İzgi, Chairman of the Board of Gersan Elektrik, stated that the company intends to pursue investment and growth initiatives aligned with its core business and supported by disciplined financial planning.

Key Details of the Agreement

The non-binding statement of intent does not create a partnership, joint venture, agency, fiduciary relationship, exclusivity arrangement, or any obligation to manufacture, purchase, sell, distribute, or market any products. Any future transaction would require the execution of definitive agreements approved by the parties and their respective legal, financial, and corporate advisors. Gersan Elektrik expects to communicate material developments through Türkiye’s Public Disclosure Platform and its official reporting channels.