AIRPORT CITY, Israel,
November 2, 2017 /PRNewswire/ --
My Size, Inc. (the "Company" or "My Size") (NASDAQ: MYSZ; TASE:
MYSZ), developer of proprietary, smartphone measurement
applications, announced today that the company has received
approval to register its patent in Japan. Like the first patent granted recently
to the company in Russia (click
here to read), this patent is for My Size's "Measurement of a Body
Part" technology. The patent in Japan (patent number: 6215232) will expire 20
years from the date of filing the patent, or on 20 January 2033.
"We are proud to register the patent in Japan just a few weeks after doing so in
Russia, and plan to register in
other countries in the future," said Ronen Luzon, CEO of My
Size, Inc. "It has become clear to us that it is necessary to
protect our technology, with the understanding that our unique
mobile innovation is part of what we believe to be one of the
fastest-growing mobile technology sectors in the world today. We
hope to continue to lead the industry, with an emphasis on the
fashion industry," Luzon said.
The Measurement of a Body Part application was designed for the
online apparel market. It enables shoppers to always choose the
right size garment on a retailer's website using the accurate
measurements taken with their smart phone of an area of their body.
The application first analyzes the recorded information using
big data, then recommends the appropriate size of an article of
clothing the shopper has selected for consideration on a retailer's
website. All of My Size's technology applications use
algorithms within a smartphone, rather than the smart phone camera,
to record and document body measurements. This method is not only
more accurate, it maintains and ensures customer privacy.
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 My Size, Inc.