KITS Eyecare Ltd. announced an expansion of its specialty lens manufacturing line with the addition of new, equipment that the Company expects will expand its manufacturing capacity for digital progressive glasses and prescription sunglasses by an additional 50%. The expanded capacity is expected to be fully operational by the end of Fourth Quarter 2023. The KITS onshore manufacturing facility is one of the biggest, most automated optical labs in North America.

The KITS optical lab can manufacture prescription eyeglasses and digital progressive eyeglasses in one business day and quickly deliver them to customers throughout North America. There are over 1,000 styles to choose from, including KITS brand, Tom Ford, Ray Ban and many others. KITS management forecasts this manufacturing expansion is not expected to affect the Company's cash balance.