Latest news with #KITS
Hans India
5 hours ago
- Business
- Hans India
Indo-Italian Innovation Hub to be set up
Bengaluru: Consulate General of Italy in Bengaluru and the state's IT/BT department will be establishing a first-of-its-kind bilateral innovation centre in the city, said Alfonso Tagliaferri, Consul General of Italy on Monday. According to him, the letter of intent was signed on July 11 with Rahul Sankanur, Managing Director, Karnataka Innovation and Technology Society (KITS). 'With that, we have taken the first formal step towards establishing an Indo-Italian Innovation Hub in Bengaluru,' he added. He said in the months to come, they will finalise the location, which will most probably be on the premises of one of the Centre of Excellences already active in Bengaluru. 'This will mark the beginning of what we believe will become a cornerstone of Indo-Italian cooperation in the following areas -- startup acceleration, bilateral academic interaction.
The Star
a day ago
- Business
- The Star
KTMB leads digital transformation in public transport with launch of KITS Style SuperApp
Loke (second right) launching the KITS Style SuperApp on July 13. With him are (from left) KTMB group CEO Datuk Mohd Rani Hisham Samsudin, Deputy Transport Minister Datuk Hasbi Habibollah and ministry secretary-general Datuk Jana Santhira Muniayan. – BERNAMApic KUALA LUMPUR: Keretapi Tanah Melayu Berhad (KTMB) has rebranded its Integrated Ticketing System (KITS) as the KITS Style SuperApp to establish a more efficient, safe, sustainable and competitive transport system. Transport Minister Anthony Loke said the rebranding was more than just a ticketing platform, as the application also served as a Mobility-as-a-Service (MaaS) application integrating daily mobility and lifestyle features within a digital ecosystem. "KITS Style offers a variety of services, such as purchasing ETS, KTM Komuter and Shuttle Tebrau tickets, booking flights and hotels, paying utility bills, renewing vehicle insurance, transferring money, shopping online and planning trips via the KITS AI Journey Planner,' he said in his speech at the launch of the KITS Style application here on Sunday (July 13) night. KITS is an online ticketing system introduced on Aug 17, 2020. Loke said the application was developed through a strategic collaboration between KTMB and ManagePay Systems Berhad (MPay). "This application was developed through a smart partnership, without KTMB incurring any costs or requiring government allocations. "This is a good example of a government agency leveraging strategic collaboration with the private sector to implement complex digital projects that bring huge benefits to the people,' he said. Loke also said KTMB, in collaboration with Mastercard and ManagePay Systems Berhad (MPay), was preparing to launch the KITS Style Mastercard Prepaid Card, the first open-loop transit prepaid card in Malaysia and Asean issued by a rail operator. "The virtual version of this card is already available via the KITS Style application, while the physical card will be introduced in September. "With this, the public will not only be able to access public transport within the country but also across Asean more conveniently and securely,' he said. – Bernama
Barnama
2 days ago
- Business
- Barnama
KTMB Leads Digital Transformation In Public Transport With KITS Style SuperApp
KUALA LUMPUR, July 13 (Bernama) -- Keretapi Tanah Melayu Berhad (KTMB) has rebranded its Integrated Ticketing System (KITS) as the KITS Style SuperApp in an effort to establish a more efficient, safe, sustainable and competitive transport system that helps improve the people's quality of life. Transport Minister Anthony Loke said the rebranding was more than just a ticketing platform, as the KITS Style SuperApp also served as a Mobility-as-a-Service (MaaS) application that integrated daily mobility and lifestyle within a modern, interactive and fully digital ecosystem. 'KITS Style offers a variety of services, such as purchasing ETS, KTM Komuter and Shuttle Tebrau tickets, booking flights and hotels, paying utility bills, renewing vehicle insurance, transferring money, shopping online and planning trips via the KITS AI Journey Planner,' he said in his speech at the launch of the KITS Style application here tonight. KITS is an online ticketing system introduced on Aug 17, 2020. Loke said the KITS Style application was developed through a strategic collaboration between KTMB and ManagePay Systems Berhad (MPay) as a dynamic digital platform. 'This application was developed through a smart partnership, without KTMB incurring any costs or requiring government allocations. 'This is a good example of a government agency leveraging strategic collaboration with the private sector to implement complex digital projects that bring huge benefits to the people,' he said. Loke also said KTMB, in collaboration with Mastercard and ManagePay Systems Berhad (MPay), was preparing to launch the KITS Style Mastercard Prepaid Card, the first open-loop transit prepaid card in Malaysia and ASEAN issued by a rail operator. 'The virtual version of this card is already available via the KITS Style application, while the physical card will be introduced in September. With this, the public will not only be able to access public transport within the country but also across ASEAN more conveniently and securely,' he said.
New Straits Times
2 days ago
- Business
- New Straits Times
Transport operators urged to embrace digitalisation, open payment system
KUALA LUMPUR: All public transport operators must move towards digitalising their services and adopting open payment systems to improve convenience and efficiency for users, said Transport Minister Anthony Loke. He said the government has been advocating the implementation of open payment systems across all modes of public transport to ensure better integration and access for passengers. "I want all operators to digitalise, and I have always advocated an open payment system for our public transportation network," he said during the launch of Keretapi Tanah Melayu Bhd's (KTMB) KITS Style today. KITS Style builds on KTMB's original Integrated Ticketing System (KITS) launched in 2019 and has evolved into an all-in-one Mobility-as-a-Service platform. It empowers users with seamless access to AI-powered journey planning; bookings for flights, hotels, attractions and car rentals; a rail rewards loyalty programme; insurance and utility payments; money transfers; mobile top-ups; and lifestyle offers. Commending KTMB's efforts, Loke said the rail operator had taken the lead in digitalising its payment systems. "KTMB has moved ahead of Prasarana (Malaysia Bhd) in implementing digital payment systems. "I'm not trying to compare, but this is healthy competition among our public transport operators." Loke said the KITS Style platform marked a significant step in KTMB's transformation journey. "With this, KTMB must continue to strive to provide reliable, safe and real-time services to both Malaysians and foreigners alike," he said. The KITS Style app is poised to deliver significant enhancements for KTMB's existing 4.6 million app users while simultaneously drawing in new customers. At the event, KTMB also signed memoranda of understanding with Capital A and Mastercard to enhance digital integration and strengthen secure, cashless payments.
Yahoo
07-07-2025
- Business
- Yahoo
KITS Eyecare Reports Preliminary Second Quarter 2025 Results
Q2 Total Revenue Grew 31% Year-Over-Year to Approximately $49.6 MillionQ2 Adjusted EBITDA Exceeding 5.0% of RevenueCash Position Remains Strong at Over $18.0 Million VANCOUVER, BC, July 7, 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 second quarter ended June 30, 2025. Select Preliminary Second Quarter 2025 Financial Highlights: Total Revenue grew 31.0% year-over-year to approximately $49.6 million. Adjusted EBITDA increased year-over-year to exceed 5.0% of Revenue. New customers increased year-over-year by 55.0%. Cash position remains strong at over $18.0 million. The Company looks forward to reporting its full second quarter 2025 results in early August 2025. Details for the second quarter 2025 conference call will be disclosed in the coming weeks. About KITSKITS 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: Forward-Looking StatementsThis 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 5, 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. View original content to download multimedia:
