MySize Inc. To Host First Public Demonstration of the New BoxSizeID at the Web Summit in Lisbon
08 Novembre 2016 - 5:31PM
MySize Inc. (the “Company”) (NASDAQ:MYSZ) (TASE:MYSZ), developer of
unique measurement technology applications for Smartphones,
announced today that the Company will host the first public
demonstration of the Company’s BoxSizeID at the Web Summit in
Lisbon this week, beginning today, at booth #S111 in the Start
Exhibition Area of Pavilion 2 at the Feira Internacional de Lisboa
and Meo Arena.
BoxSizeID is an intuitive parcel measurement app
that empowers customers to easily and quickly measure the size of a
parcel and calculate its exact shipping cost. BoxSizeID also
provides courier companies with an additional stream of accurate
logistics data to better manage their delivery processes, before
the parcels even arrive at their distribution centers.
“BoxSizeID is our second product application based
on the Company’s patent-pending measurement technology. This
new product is opening up the Company to a new market that is
rapidly expanding and we hope that we will be able to partner with
global logistics companies in the future,” said Ronen Luzon, the
Company’s CEO.
According to a BDO Consulting Group report, the
average daily package volume for the two largest global courier
companies exceeded 30 million packages per day in 2015. Also,
according to the same report, today, the courier delivery market is
estimated at $232 billion and is expected to grow by approximately
4% annually during the next few years.
The Company is currently engaged in a pilot
installation of BoxSizeID with Katz Shipping. Katz Shipping
is the second largest delivery company in Israel. It has more than
500 employees and delivers more than five million packages
annually.
“We are very excited about demonstrating BoxSizeID
for the public and to showing Web Summit attendees first-hand
how versatile our patent pending technology is and how it can be
effectively applied to different markets,” said Billy Pardo, the
Company’s Chief of Product.
About MYSIZE
MySize Inc. (TASE:MYSZ) (NASDAQ:MYSZ) has developed
a unique measurement technology based on sophisticated algorithms
with broad applications including apparel, e-commerce, shipping and
parcel measurement. 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 our website, 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.
Press Contact
Marjie Hadad
MH Communication
+972-54-536-5220
marjierhadad@gmail.com
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