AIRPORT CITY, Israel,
April 18, 2017 /PRNewswire/ --
MySize Inc. (the "Company") (Nasdaq: MYSZ, TASE: MYSZ),
developer of proprietary, smartphone measurement applications,
announced today a new cooperation agreement has been signed
with the Israeli Post. This agreement calls for MySize to supply
the Israeli Postal Service (the "Israeli Post") with two new
services.
MySize solution for the courier market, is proprietary to MySize
and our goal is to provide a solution to global Courier market.
This application will provide a solution to measure all types of
packages using only a smartphone. Based on the package size, the
user will be quoted a shipping price and picture of the package
dimension.
In addition, The Israel Post has developed relationships in the
online fashion apparel markets with fashion retailers and
contracted with MySize for solutions to ship the correct size with
using our "TrueSize" application.
These technology solutions are being developed in accordance
with the specific specifications provided by the Israel Post. A
team from the Israel Post will be selected to work on this project
with MySize staff.
Although this is a joint cooperation agreement, all IP and new
patents developed shall remain the property of the MySize.
Once these solutions are developed MySize will provide The
Israel Post with a 3 month trial period. Subsequent to the trial
period, the Israeli Post will have the service operational for
another 3 months at no charge.
At the end of the second 3 months, an agreement shall be
finalized by both parties on the commercial terms of this new
service for a non-exclusive agreement with the Israeli Post.
Ronen Luzon, CEO of MySize commented "The Israel Postal Service
has been developing new delivery innovations since 2016 based upon
the exponential growth of the international on-line package
shipping industry. We hope the addition of TrueSize and the courier
solutions, can lead to additional savings and benefits that The
Israel Post can provide their customers."
About the Israel Postal Service:
The Israel Post, formerly the Israel Post Authority is a
government owned corporation that has 5,000 employees, 700 Post
Office branches and a network of 4,262 mailboxes with 1,000 mail
trucks.
About MYSIZE
MySize Inc. (TASE: MYSZ) (NASDAQ: MYSZ) is developing unique
measurement technologies 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. www.mysizeid.com.
Follow us on Facebook, LinkedIn and Twitter.
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.