MySize Inc. Issues Product Update
17 Août 2016 - 5:47PM
MySize Inc. (TASE:MYSZ) (NASDAQ:MYSZ), a developer of a unique
measurement technology based on sophisticated algorithms with broad
applications in a variety of areas from the apparel e-commerce
market to Do It Yourself Smartphone and tablet applications.
PRODUCTS
MySize develops several technology products, designed for
smartphones, enabling users to take personal measurements for
fitting the items purchased online, for sizing shipping boxes and
for measuring flat surfaces.
MySizeID is a technology, through which three-dimensional
measurements are taken by simply moving a mobile device across
anything that needs to be measured, such as the human body, a
package, furniture, or just about any other item – no matter its
shape or form.
MySize entered into a cooperation agreement with Trucco, a
leading Spanish fashion company with more than 240 locations, to
conduct a pilot for the MySizeID technology, in order to integrate
the Company's measurement technology in Trucco's computerized data
system and any other system which would enable to use the App on
the Website as well as in the store and sale points. The App, if
integrated successfully, will allow online apparel customers to
scan their body using smartphone sensors according to instructions
in the app and then select the correct size, based on their own
personal measurements. The measurements will be stored in the
MySize App. The most significant benefit for online retailers
utilizing the MySizeID technology is that it can considerably
reduce consumer returns from online purchases. This revolutionary
technology will increase margins and ultimately result in increased
brand loyalty by assuring customer satisfaction through proper
garment fit.
Additionally, MySize entered into a cooperation agreement with
LSY, owner of Yudofsky Furs and Leather, (http://www.yfur.com/) a
nationally recognized luxury outerwear brand retailer and e-tailor
based in Louisville Kentucky, to implement the MySizeID technology,
allowing customers to shop online for products that will fit
best. MySizeID is being integrated into the company’s
website.
BoxSizeID, another App designed and developed by MySize, is used
for measuring packages intended for shipping. BoxSizeID allows the
end-user to measure the package and obtain shipping cost
information based on its size. BoxSizeID helps shipping companies
plan out various logistical aspects ahead of time, such as package
volume, location and a picture of it, as well as the storage space
and freight methods required to deliver packages, sort packages,
and more.
In July 2016, the Company announced that it completed
integration of the BoxSizeID (beta) App that it developed with Katz
Systems, one of the largest delivery companies in Israel. The App
uses the exclusive measuring algorithm to measure a package's
volume by moving a smartphone over the package. This information,
and the package's barcode scan, along with a picture and shipping
address are sent directly to the information servers at Katz
Systems. This information helps Katz Systems determine accurate
pricing. MySize views the integration into Katz Systems as a
doorway to potential cooperation with the world’s leading shipping
companies.
SizeUp, the third product in the suite, allows for the
measurement of flat surfaces by simply moving a smartphone
across/over an object. The SizeUp App is currently available on
Android and iOS for download.
https://itunes.apple.com/il/app/sizeup-a-smart-tape-measure/id1031088133?mt=8
https://play.google.com/store/apps/details?id=com.mysizeid.sizeup
About MYSIZE
MySize Inc. (TASE:MYSZ) (NASDAQ:MYSZ) developed a unique
measurement technology based on sophisticated algorithms with broad
applications in a variety of areas, from the apparel e-commerce
market to Do It Yourself smartphone & tablet apps. The
technology is driven by several patent-pending algorithms which are
able to calculate and record measurements in a variety of novel
ways. To learn more about MySize, please visit the website located
at www.mysizeid.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains certain forward-looking statements
within the meaning of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements are
identified by the use of the words "could," "believe,"
"anticipate," "intend," "estimate," "expect," "may," "continue,"
"predict," "potential," "project" and similar expressions that are
intended to identify forward-looking statements. All
forward-looking statements speak only as of the date of this press
release. You should not place undue reliance on these
forward-looking statements. Although we believe that our plans,
objectives, expectations and intentions reflected in or suggested
by the forward-looking statements are reasonable, we can give no
assurance that these plans, objectives, expectations or intentions
will be achieved. Forward-looking statements involve
significant risks and uncertainties (some of which are beyond our
control) and assumptions that could cause actual results to differ
materially from historical experience and present expectations or
projections. Known material factors that could cause actual
results to differ materially from those in the forward-looking
statements include: an active trading market for our common stock
may not develop on NASDAQ; the trading price for our common stock
may fluctuate significantly; and the Company will continue to be a
"controlled company," as defined under NASDAQ rules, and the
interests of our controlling stockholder may differ from those of
our public stockholders. Forward-looking statements also are
affected by the risk factors described in the Company's filings
with the U.S. Securities and Exchange Commission. Except as
required by law, we undertake no obligation to update or revise
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise, after the date on which
the statements are made or to reflect the occurrence of
unanticipated events.
Contact person:
Investor Relations, Ltd.
74 Rothschild Blvd., Tel Aviv 65785
Email: hadas@km-ir.co.il
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