AIRPORT CITY, Israel,
March 30, 2017 /PRNewswire/ --
MySize Inc. (the "Company") (NASDAQ: MYSZ; TASE: MYSZ),
developer of proprietary, smartphone measurement applications,
announced today the completion of the beta-pilot testing phase and
the beginning of the commercial phase of the KatzID, a courier
measurement application(app) developed by MySize.
Katz Corporation CEO Dror Katz
said, "Following the successful pilot conducted at Katz Shipping's
logistic center, starting in April
2017, KatzID will be made available to Katz' employees to
improve control procedures over the parcels it transfers. As a
result of accurate measurements, we expect KatzID will provide Katz
a significant yearly savings that is estimated to increase the
company's annual income by about 2.5%, to around one million US dollars. The Katz team is invited
to download the application from the Apple store, and use it to
measure packages."
KatzID is a customized, white label version of an intuitive
parcel measurement app that empowers employees to easily and
quickly measure the size of a parcel and calculate its exact
shipping cost. KatzID also provides the courier company with
additional abilities and stream of accurate logistics data such as
barcode scanning, package pictures, location and more which connect
to Katz' ERP system to better manage their delivery processes.
By adopting MySize's technology, Katz intends to:
- accurately monitor the volume of all parcels and charge clients
accordingly.
- reduce operational costs by adjusting the number of
distribution vehicles accordingly with the 'real' volume of
shipments.
- enable the installation of the application on the driver's
platform so they may document the volume of the parcels. Drivers
would be rewarded if they reach defined distribution volumes.
- in the future, enable its clients to simultaneously measure
their parcels, monitor their shipment volumes and obtain a price
proposal prior to shipment.
Note: KatzID first photographs a parcel and records its volume
and weight. The data is then forwarded to the client for his
records.
"Today marks a major milestone in the development of a very
important product that is going to significantly improve today's
shipping process. It is a pleasure working with the professional
team at Katz, who understood from the start the immense value of
KatzID and enthusiastically joined us on what has been an exciting
adventure. We look forward to continuing on this road with the goal
of making KatzID and other white label products for the courier
market, an industry standard," said MySize Inc. CEO Mr.
Ronen Luzon.
According to marketrealist.com, globally the courier services
market includes 7500 companies representing about 90 billion dollars in revenue.
About Katz Corporation
Katz Corporation is the second largest delivery company in
Israel. The company has more
than 550 employees and delivers more than five million packages
annually. To learn more about Katz Shipping, please visit:
http://www.katzd.co.il/
About MYSIZE
MySize Inc. (TASE: MYSZ) (NASDAQ: MYSZ) has developed a unique
measurement technology based on sophisticated algorithms and
cutting edge technology with broad applications including apparel
industry, e-commerce, shipping and parcel industry
measurement. This proprietary 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. http://www.mysizeid.com.
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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 Communications
marjierhadad@gmail.com
+972-54-536-5220
SOURCE MySize Inc.