AIRPORT CITY, Israel,
October 30, 2017 /PRNewswire/ --
My Size, Inc. (the "Company" or "My
Size") (NASDAQ: MYSZ) (TASE: MYSZ), developer of proprietary,
smartphone measurement applications, announced today that it has
successfully improved its measurement algorithm to an exceptional
accuracy level of 1 cm. This improved accuracy level will be
integrated in the next version of the Company's application. The
improvement will apply mainly to small areas such as on objects
which are under 50 cm in size. Management believes that measurement
accuracy will be ±1 cm instead of the current ±2 cm. On surfaces
ranging from 50 to 200 cm, management believes that measurement
accuracy will be ±2 cm, and on surfaces which are greater than 200
cm, the measurement accuracy will be ±2%.
In addition, My Size recently announced that it registered its
first patent for body measurement technology in Russia, thus attaining international
recognition for the uniqueness and innovativeness of its
technology. The patent issued in Russia will expire 20 years after submission,
or on January 20, 2033.
According to Ronen Luzon, CEO of My Size,
"The technological improvement of our measurement algorithm, along
with the registration of the patent in Russia, comprise an important milestone for
the Company and position My Size at the forefront on matters
relating to measurement technology in the e-commerce market. We
invest time and resources in the development of our products and
believe that the last developments will increase the popularity of
our measuring tape."
The SizeUp "Measurement from the Air" application, available for
download for Android and iOS users, enables users to immediately
and accurately measure smooth or rough surfaced objects by placing
the smartphone on one side, vertically or horizontally, slightly
lifting it and transferring it to the other side. Spaces between
surfaces can be measured and there is no need to clean the surface
before performing the measurement. In addition, the application
displays the previous measurement and measurements can be shared
with friends. The application is broadly used throughout the global
market and is capable of measuring in inches or centimeters. The
application has exceeded 400,000 downloads and it is available for
free download and use for 30 days after the initial download.
1. Please click here to view a short video illustrating how the
SizeUp "measurement from the air" smart measuring tape makes
shopping easier and more fun than ever.
2. Please click here to download SizeUp "measurement from the
air" smart measuring tape for Android.
3. Please click here to download the SizeUp "measurement from
the air" smart measuring tape for iOS.
4. Please click here to access our electronic press kit.
About My Size, Inc.
My Size, Inc. (TASE: MYSZ) (NASDAQ: MYSZ) has developed a unique
measurement technology based on sophisticated algorithms and
cutting edge technology with broad applications including the
apparel, e-commerce, DIY, shipping and parcel delivery industries.
This proprietary technology is driven by several algorithms which
are able to calculate and record measurements in a variety of novel
ways. To learn more about My Size, please visit our website.
http://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:
Eran Yoels
Rimon, Cohen and Co.
Eran@rcspr.co.il
+972-52-440-8020
SOURCE MySize Inc.