AIRPORT CITY, Israel,
March 5, 2018 /PRNewswire/ -- My
Size, Inc. (the "Company" or "My Size") (NASDAQ: MYSZ) (TASE:
MYSZ), the developer and creator of smartphone measurement
applications, announced today that its SizeIT smart measuring tape
standard development kit ("SDK"), which management believes
provides accurate measurement capabilities, is now available for
integration with any Android application. The Company previously
released the SizeIT smart measuring tape SDK for iOS devices.
![MySize Logo MySize Logo](https://mma.prnewswire.com/media/635778/MySize_Logo.jpg)
SizeIT, the core technology behind the Company's TrueSize™,
SizeUp™ and BoxSizeID™ applications, can be embedded into any
company's existing or white label mobile app in a short period of
time, offering an efficient solution to the escalating costs
associated with product sizing issues and returns. SizeIT
provides users with the ability to instantly and accurately measure
objects with a quick movement of their mobile phone. The Company's
proprietary and patent-pending algorithms utilize a smartphone's
sensors, combined with anthropometric data, to accurately measure
everything from everyday objects to body measurements.
"The ability to incorporate SizeIT within an existing Android or
iOS mobile application offers retailers the capability to provide
their customers with a complete measurement solution - whether
purchasing a new shirt, installing curtains or preparing to ship a
package. My Size believes that it may generate revenue through
licensing fees each time SizeIT is used within a third party
developed app," said My Size CEO, Ronen
Luzon. "We are now able to offer more opportunities to
harness the SizeIT technology and create customized solutions for
accurate and efficient measurement, enabling retailers and shipping
companies to eliminate costly inefficiencies and potentially
improve their bottom line."
The Company offers solutions that address costly inefficiencies
within several burgeoning markets, including retail, parcel
delivery, and do-it-yourself ("DIY") home improvement. Each
industry is faced with excessive returns and wasted inventory. My
Size currently utilizes SizeIT within three separate solutions to
address the shortcomings within the aforementioned industries:
- SizeUp – A digital tape measure that allows users to
measure length, width and height of a surface by moving their
smartphone from point to point of an object or space. SizeUp is a
value-add for DIY and home improvement retailers, whose customers
struggle to find the appropriate sized items (like blinds or
curtains) for their homes or projects due to inaccurate
measurements. SizeUp also replaces rulers, tape measures and other
measuring tools used for DIY projects. According to Business
Wire, the DIY tools market is projected to grow to $13.9 billion by 2021.
- TrueSize – Enables shoppers to accurately measure
their garments to find proper fitting clothes and shoes, using
their mobile phones. TrueSize syncs the user's measurement data to
a sizing chart integrated through the retailer's (or a white
labeled) mobile app, and only showcases items that match the
measurements to ensure a correct fit each and every time. According
to MediaPost, traditional sizing systems in retail have led to
$62.4 billion of returned apparel and
footwear purchased online.
- BoxSizeID – Enables customers to quickly and easily
measure the size and weight of a parcel to accurately calculate
shipping fees. It also offers shipping companies a variety of
precise logistical data for more efficiently managing their
shipping processes. According to Accenture, the parcel delivery
business is poised to grow to $343
billion globally by 2020.
Please click here for a demonstration of the SizeUp "measurement
from the air" smart measuring tape, which provides a good example
of how SizeIT can be embedded to work in any Android mobile
application.
Please click here to download the SizeUp "measurement from the
air" smart measuring tape for iOS.
Please click here to download SizeUp "measurement from the air"
smart measuring tape for Android.
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. 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. Actual results to differ materially from those in the
forward-looking statements and the trading price for our common
stock may fluctuate significantly. 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.
U.S. Press Contact:
Matthew Bretzius
FischTank Marketing & PR
matt@fischtankpr.com
View original
content:http://www.prnewswire.com/news-releases/my-sizes-sizeit-smart-measuring-tape-sdk-is-now-available-for-android-devices-300608021.html
SOURCE My Size Inc.