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KITS Eyecare Reports Preliminary Fourth Quarter and Full Year 2024 Results

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Q4 Revenue Growth Accelerated, Growing Approximately 42% to $44.8 million
Record Q4 Adjusted EBITDA Exceeded 6% of Revenue

VANCOUVER, BC, Jan. 20, 2025 /CNW/ – Kits Eyecare Ltd. (TSX: KITS) (“KITS” or the “Company”), the leading vertically integrated eyecare provider, is providing selected preliminary unaudited results for its fourth quarter and full year ended December 31, 2024.

Select Fourth Quarter 2024 Financial Highlights (Unaudited):

Total Revenue grew 42% year-over-year to approximately $44.8 million.Adjusted EBITDA increased year-over-year to exceed 6% of Revenue.Cash position remains strong at $19.3 million.Glasses Revenue growth accelerated to approximately 60% year-over-year.

Select Full Year 2024 Financial Highlights (Unaudited):

Full year Revenue grew 32% year-over-year to approximately $159.3 million.Adjusted EBITDA increased year-over-year to exceed 4% of Revenue.

The Company looks forward to reporting the audited fourth quarter and full year 2024 results in early March 2025. Details for the fourth quarter 2024 conference call will be disclosed in February.

About KITS
KITS makes eyecare easy. KITS is a leading vertically integrated digital eyecare brand providing eyewear for eyes everywhere. We offer customers access to a vast selection of contact lenses and eyeglasses, including our own exclusive KITS designed products, as well as a robust suite of online vision tools. Our efficient digital platform, backed by our industry-leading manufacturing and designs, removes intermediaries, and enables us to offer great prices and deliver made to order personalized products with incredible care and accuracy. We are creating disruption in the industry by constantly pursuing cutting-edge technologies to enable the best customer experience, including online eyewear fitting tools, and virtual try-on for glasses. We strive to delight our customers with our competitive prices, a convenient digital shopping experience, fast and reliable delivery options, and an unrelenting focus on earning our customers’ lifelong trust. For more information on KITS, visit: www.kits.com.

Forward-Looking Statements
This press release contains forward-looking statements, including statements relating to the execution of our proposed strategy, our operating performance and prospects for the business. These forward-looking statements generally can be identified by the use of words such as “intend,” “believe,” “could,” “continue,” “expect,” “estimate,” “forecast,” “may,” “potential,” “project,” “plan,” “would,” “will,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such a statement. Our business is subject to substantial risks and uncertainties. This forward-looking information and other forward-looking information are based on our opinions, estimates and assumptions in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we currently believe are appropriate and reasonable in the circumstances. Despite a careful process to prepare and review the forward-looking information, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct. Certain assumptions in respect of the expansion and enhancement of our optical laboratory for glasses and warehouse facilities; the growth of our business and launch of new technologies; our ability to drive sales growth; our ability to maintain, enhance, and grow within our addressable market; our ability to drive ongoing development and innovation of our exclusive brands and product categories; our ability to continue directly sourcing from third party suppliers and manufacturers; our ability to retain key personnel; our ability to add, maintain and expand production, distribution and fulfillment capabilities; our ability to continue investing in infrastructure to support our growth; our ability to obtain and maintain existing financing on acceptable terms; currency exchange and interest rates; the impact of competition; the changes and trends in our industry or the global economy; and the changes in laws, rules, regulations, and global standards are material factors made in preparing forward-looking information and management’s expectations. KITS’ risks and uncertainties are discussed in detail in the company’s Annual Information Form, filed on SEDAR on March 6, 2024. Investors, potential investors, and others should give careful consideration to these risks and uncertainties. We caution investors not to rely on the forward-looking statements contained in this press release when making an investment decision in our securities. The forward-looking statements in this press release speak only as of the date of this release, and we undertake no obligation to update or revise any of these statements, except as required under applicable securities laws. If we do update certain forward-looking information, no inference should be made that we will further update such or other forward-looking information.

SOURCE KITS Eyecare Ltd.

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Towards Buddha Co., Ltd. and ICP DAS Showcase iTLC Intelligent Traffic Control Solutions at APTA 2026 in Chicago

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Advancing smart intersection technologies and expanding international market opportunities through strategic collaboration

CHICAGO, Oct. 31, 2026 /PRNewswire/ — Towards Buddha Co., Ltd., an overseas distributor of the iTLC Intelligent Traffic Control System, joined its technology partner ICP DAS at APTA 2026 TRANSform & EXPO in Chicago, USA, to showcase the iTLC-9000 Series and its applications in intelligent traffic management.

The exhibition highlighted innovative traffic control technologies designed to support reliable, secure, and integrated smart intersection operations, while providing opportunities to connect with international transportation professionals and explore emerging market needs.

Innovative Traffic Control Solutions

Under the theme “Innovative Traffic Control System,” the exhibition featured the iTLC-9000 Series, highlighting four key capabilities: modular and redundant design, secure networking, traffic signal integration, and active alert systems.

These technologies are designed to support system reliability, communication security, and efficient traffic infrastructure management, addressing the evolving requirements of modern intelligent transportation systems.

As cities worldwide continue to modernize transportation infrastructure, integrated and adaptable traffic control solutions are becoming increasingly important for smart intersection development.

Strengthening International Market Connections

As an overseas distributor of iTLC solutions, Towards Buddha Co., Ltd. plays an important role in connecting traffic control technologies with international markets.

During APTA 2026, Towards Buddha Co., Ltd. and ICP DAS engaged with transportation professionals, system integrators, and industry representatives to introduce iTLC technologies, exchange industry insights, and explore potential business opportunities.

“APTA 2026 provided a valuable platform to connect with the global transportation industry,” said a representative of Towards Buddha Co., Ltd. “Together with ICP DAS, we look forward to expanding international awareness of iTLC solutions and developing new opportunities in intelligent traffic control.”

Looking Ahead

Building on its participation at APTA 2026, Towards Buddha Co., Ltd. will continue collaborating with ICP DAS to promote iTLC solutions, strengthen international partnerships, and explore new opportunities in the global intelligent transportation market.

About Towards Buddha Co., Ltd.

Towards Buddha Co., Ltd. is an overseas distributor of the iTLC Intelligent Traffic Control System, focused on international market development and connecting advanced traffic control technologies with transportation industry needs.

Media Contact

Towards Buddha Co., Ltd.
Contact: Michael Chen
Email: Towardsbuddhaincorporation@gmail.com
Website: https://www.towardsbuddha.com 

SOURCE Towards Buddha Co., Ltd.

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Technology

Towards Buddha Co., Ltd. and ICP DAS Showcase iTLC Intelligent Traffic Control Solutions at APTA 2026 in Chicago

Published

on

By

Advancing smart intersection technologies and expanding international market opportunities through strategic collaboration

CHICAGO, Oct. 31, 2026 /PRNewswire/ — Towards Buddha Co., Ltd., an overseas distributor of the iTLC Intelligent Traffic Control System, joined its technology partner ICP DAS at APTA 2026 TRANSform & EXPO in Chicago, USA, to showcase the iTLC-9000 Series and its applications in intelligent traffic management.

The exhibition highlighted innovative traffic control technologies designed to support reliable, secure, and integrated smart intersection operations, while providing opportunities to connect with international transportation professionals and explore emerging market needs.

Innovative Traffic Control Solutions

Under the theme “Innovative Traffic Control System,” the exhibition featured the iTLC-9000 Series, highlighting four key capabilities: modular and redundant design, secure networking, traffic signal integration, and active alert systems.

These technologies are designed to support system reliability, communication security, and efficient traffic infrastructure management, addressing the evolving requirements of modern intelligent transportation systems.

As cities worldwide continue to modernize transportation infrastructure, integrated and adaptable traffic control solutions are becoming increasingly important for smart intersection development.

Strengthening International Market Connections

As an overseas distributor of iTLC solutions, Towards Buddha Co., Ltd. plays an important role in connecting traffic control technologies with international markets.

During APTA 2026, Towards Buddha Co., Ltd. and ICP DAS engaged with transportation professionals, system integrators, and industry representatives to introduce iTLC technologies, exchange industry insights, and explore potential business opportunities.

“APTA 2026 provided a valuable platform to connect with the global transportation industry,” said a representative of Towards Buddha Co., Ltd. “Together with ICP DAS, we look forward to expanding international awareness of iTLC solutions and developing new opportunities in intelligent traffic control.”

Looking Ahead

Building on its participation at APTA 2026, Towards Buddha Co., Ltd. will continue collaborating with ICP DAS to promote iTLC solutions, strengthen international partnerships, and explore new opportunities in the global intelligent transportation market.

About Towards Buddha Co., Ltd.

Towards Buddha Co., Ltd. is an overseas distributor of the iTLC Intelligent Traffic Control System, focused on international market development and connecting advanced traffic control technologies with transportation industry needs.

Media Contact

Towards Buddha Co., Ltd.
Contact: Michael Chen
Email: Towardsbuddhaincorporation@gmail.com
Website: https://www.towardsbuddha.com 

SOURCE Towards Buddha Co., Ltd.

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Chandigarh University Commemorates ‘Father of Fibre Optics’ Dr. Narinder Singh Kapany’s 100th Birth Anniversary with India’s First Research Chair in His Name; announces annual Grant of ₹1 Crore for Scientific Research

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Chandigarh University Confers ‘Narinder Singh Kapany Lifetime Achievement Award for Excellence in Physics’ on Dr Ajoy Ghatak, Prof Emeritus IIT Delhi for Contributions to Fibre Optics & Photonics

CHANDIGARH, India, Oct. 31, 2026 /PRNewswire/ — Chandigarh: To mark the 100th birth anniversary of Dr. Narinder Singh Kapany, the legendary Indian scientist widely known as the ‘Father of Fibre Optics’ whose groundbreaking research in optical fibre technology transformed global telecommunications and laid the foundation for today’s digital revolution, Chandigarh University has announced the establishment of India’s first ‘Dr. Narinder Singh Kapany Research Chair for Excellence in Sciences and Innovation’, along with an annual research grant of ₹1 crore to advance scientific research and innovation.

In a pioneering initiative, Chandigarh University has announced India’s first-ever Research Chair established in the name of Dr. Narinder Singh Kapany, recognizing his unparalleled contribution to science and technology. With no other research chair dedicated to Dr. Kapany currently established in India, this initiative marks a significant institutional tribute to the legendary scientist and seeks to carry forward his legacy through sustained investment in scientific research, innovation and the nurturing of young scientific talent. The Research Chair will provide mentorship, guidance and research support to budding scientists, enabling them to pursue innovative ideas, undertake advanced research and translate scientific discoveries into impactful technologies.

Prominent among those who graced the centenary celebrations of Dr. Narinder Singh Kapany at Chandigarh University campus were Prof. (Dr.) Samir K. Mondal Scientist-G, Optics & Photonics Instrumentation CSIR-CSIO, Chandigarh as Chief Guest, Prof. (Dr.) Aaron Danner, National University of Singapore as Guest of Honour, Eminent Researcher Dr Ajoy Ghatak, Prof. Emeritus, IIT Delhi (virtually) and Dr. Satbir Singh Sehgal Vice-Chancellor Chandigarh University among other dignitaries.

Speaking on the occasion Prof. (Dr.) Samir K. Mondal Scientist-G, Optics & Photonics Instrumentation CSIR-CSIO, Chandigarh said, “Professor Kapani’s contribution to optical science began with his pioneering work on thin, flexible glass fibres, through which he demonstrated for the first time that images could be transmitted from one end to another using bundles of optical fibres. Professor Kapani developed thin, flexible glass fibres and successfully transmitting images through them, laying the foundation for modern fibre optics. He also coined the term ‘optical fibre’ and developed the fibre scope, which later evolved into applications such as endoscopy. His work demonstrated that optical fibres could carry information, opening possibilities beyond image transmission, including voice and data communication.”

Prof Mondal added, “There is also an important question of recognition for Indian scientists. Scientific contributions do not always receive the recognition they deserve and the Nobel Prize is a complex matter. I gave the example of S.N. Bose, whose work has had a lasting influence on physics and is associated with several Nobel Prize-winning developments, despite him never receiving the Nobel Prize himself. Similarly, Professor Kapani’s contribution to optical fibre technology deserves to be remembered and carried forward. We represent one-sixth of the world’s population and taking forward the scientific legacy of such visionaries is no less significant than receiving a Nobel Prize. We must encourage our young researchers to build upon their work and explore new frontiers of science and technology.”

Prof. (Dr.) Aaron Danner National University of Singapore said, “Dr. Narinder Singh Kapany’s pioneering work demonstrated how light could be guided through thin glass fibres using the principle of total internal reflection, overcoming the limitations of metallic transmission. His work on fibre bundles, image transmission and endoscopy opened new possibilities in imaging and optical science. Today, the same fundamental technology that Dr. Kapany started with glass fibres is being used on silicon and lithium niobate wafers to develop advanced photonic devices and achieve increasingly higher communication speeds. While modern research is addressing new engineering challenges in laser sources, optical modulators and high-speed data transmission, it continues to build on those early contributions. We may see Dr. Kapany as a great Indian or Punjabi scientist, but I also see him as a great American scientist. Great science and great scientists are global and their contributions ultimately benefit all of humanity.”

Eminent Researcher Dr Ajoy Ghatak, Prof. Emeritus, IIT Delhi said, “It is indeed a great honour to receive this award in the name of Dr. Narinder Singh Kapany, one of the pioneers of fibre optics. His early work on cladded optical fibres and image transmission through fibre bundles laid the foundation for medical endoscopy. The development of low-loss optical fibres has since revolutionised communication through their tremendous information-carrying capacity, enabling global connectivity and video communication. The establishment of the Dr. Narinder Singh Kapany Research Chair by Chandigarh University is a commendable initiative to advance his scientific legacy and inspire future generations of researchers. This recognition is also a tribute to Dr. Kapany’s remarkable contributions to science.”

Dr. Satbir Singh Sehgal Vice-Chancellor Chandigarh University said, “Dr. Narinder Singh Kapany brought immense pride to India and Punjab through his pioneering research in optical fibre technology, which made high-speed internet and modern digital communication possible. Technologies such as artificial intelligence, data centres and seamless global connectivity rely on the foundations of optical fibre technology. His contribution helped usher humanity into the digital era and accelerated technological progress worldwide. The establishment of India’s first Dr. Narinder Singh Kapany Research Chair, along with its annual grant and prestigious awards, reflects Chandigarh University’s commitment to advancing his scientific legacy, recognising excellence and inspiring the next generation of Indian researchers.”

The Research Chair will provide an annual research grant of ₹1 crore to promote scientific excellence through three dedicated awards: the Narinder Singh Kapany Award for Excellence in Physics, ‘CU Physics Excellence Awards for Best Research Publication’ and ‘CU Physics Excellence Awards for Best Patent’.”

The first edition of these awards was conferred during the birth centenary celebration, with Eminent Researcher Dr Ajoy Ghatak, Prof. Emeritus, IIT Delhi receiving the Narinder Singh Kapany Lifetime Achievement Award for Excellence in Physics. Professor Ajoy K. Ghatak is an internationally acclaimed physicist whose seminal contributions to fibre optics, integrated optics and photonics have advanced the understanding and applications of light. Through pioneering research, influential publications and acclaimed textbooks, Professor Ghatak has advanced fibre optics and photonics, carrying forward Dr Narinder Singh Kapany’s scientific legacy while inspiring generations of physicists.

On this occasion, five ‘CU Physics Excellence Awards for Best Patent’ were presented to five best patents by Dr. Ritu Gupta and Dr. Sandeep Kaur for their ‘Multi-functional Optical Antenna System for Parallel FSO-VLC Communication and Nano-biosignal Monitoring’; Shonak Bansal and Anupama for a ‘Self-powered Real-time Health Monitoring System using Nanowire Photodetectors’, Aditya Bhatnagar and Dr. Sanjeev Saini for ‘Multifunctional Organic-Inorganic Hybrid Luminescent Nanomaterials and a Method for Their Preparation’, Mahima Purohit and Dr. Ruchi Bharti for a ‘Biodegradable, Water-resistant Smart Packaging Film for Fluorescence-based Detection of Food Spoilage’ and Ashit Tripathi, Sachitanand Singh, Iqra Jamal Khan, Sanskruti Singh, Alok Gautam, Mahak received the award for a ‘Handheld Wireless OCT and Fundus Imaging Device’.

‘CU Physics Excellence Awards for Best Research Publication’ were conferred on eight faculty members and students. Ravikant from department of physics was conferrred upon for ‘CU Excellence Award for Research’ for his publication titled Nitrogen  doped zinc oxide to enhance dielectric characteristics of reduced graphene oxide (rGO) derived nanocomposites in composites communivations. Apart from him the other awardees were Shivani Singla (Physics Department) for “Optimising the Neodymium Concentration in Sodium Borate Glass for Enhanced Photoluminescent and Mechanical Behaviour” in Ceramics International (Q1); Sumit Bhardwaj (Physics Department) for “Structural, Optical and Photocatalytic Properties of Ce-Doped Ni-Zn Ferrite Nanoparticles”, in Ceramics International (Q1);  Ruby Priya (Department of Physics) for “Deconvoluting Capacitive and Diffusive Contributions in Cu-Doped SnO₂ Nanoparticles for Enhanced Double-Layer Capacitance and Oxygen Evolution Reaction in Materials Today Communications (Q1);  Akhil Saxena, (Chemistry) for “Mechanistic Elucidation of Persicaria maculosa Gray Extract as a Corrosion Inhibitor: Adsorption, Electrochemical Behavior, and DFT Validation”, published in South African Journal of Chemical Engineering; Harvinder Singh Sohal (Chemistry deoartment), for “Synergistic Adsorptive-Photocatalytic Degradation of Tartrazine Using Mn-Modified Fe₃O₄/Lignocellulose Magnetic Nanocomposites”, published in International Journal of Biological Macromolecules (Q1); Surjeet Chahal, for “Surface Plasmon Resonance Sensor for Dopamine Detection Based on CeO₂ Nanorod and ZnO Nanosheet” in Journal of Materials Science: Materials in Electronics (Q2) and Dr. Sanjeev Kumar from Department of Physics, for “1 Monolinoleoylglycerol and 3,4-Dihydroxymandelic Acids-Mediated ZnO for Antibiotic Degradation and Anticancer Activity”, published in Journal of Environmental Chemical Engineering (Q1).

During the birth centenary celebrations, a message shared by Kiran Kaur Kapany, the daughter of Dr Narinder Kapany was also read out where she said that her father’s journey from a small town in Punjab to transforming the world through fibre optics shows that a big idea can start anywhere. “To students, stay curious, ask questions and be proud of who you are. My heartfelt gratitude to Chandigarh University for honouring my father and family,” added Kapany.

Under the Best Patent Excellence Award for research publication and best patent, the five best patents granted each year will be selected for research grants to support product development and the conversion of patented innovations into practical applications. Similarly, the Best Research Paper Award will recognise the top 10 research publications annually by Chandigarh University students and faculty members in high-impact Q1 and Q2 journals, based on their quality, originality and research impact.

About Chandigarh University

Chandigarh University is a NAAC A+ Grade University and QS World Ranked University. This autonomous educational institution is approved by UGC and is located near Chandigarh in the state of Punjab. It is the youngest university in India and the only private university in Punjab to be honoured with A+ Grade by NAAC (National Assessment and Accreditation Council). CU offers more than 109 UG and PG programs in the field of engineering, management, pharmacy, law, architecture, journalism, animation, hotel management, commerce, and others. It has been awarded as The University with Best Placements by WCRC.

Website address: https://www.cuchd.in/

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