AIRPORT CITY, Israel,
July 29, 2019 /PRNewswire/
-- My Size, Inc. (the "Company" or "My Size") (NASDAQ:
MYSZ) (TASE: MYSZ), the developer and creator of smartphone
measurement solutions, today announced that it has received a
Notice of Allowance from the Canadian Patent and Trademark Office
for its patent application titled "Measurement of a body part". In
addition to the allowed Canadian application, the Company's
technology is now protected by four issued patents, one in each of
Japan and Russia and two in the U.S.. Additional patents
are pending and more patent applications are in process.
The allowed patent application covers the methods and systems
for measuring a body part of a user using a handheld electronic
device and addresses the foundational technology that is the basis
for MySizeID measurement app. MySizeID proprietary algorithms
utilize a smartphone's sensors combined with anthropometric
data.
The MySizeID app is a turnkey solution that helps any merchant's
customers choose the appropriate apparel size for that specific
brand, based on the shopper's real-time measurements. My Size's
innovative technology enables consumers to measure themselves using
their smartphone and then be matched with a brand-specific apparel
item in their size.
Ronen Luzon, Chief Executive Officer of My Size, stated, "We are
pleased with this pending new patent that validates the uniqueness
of our technology and supports our sales strategies in
Canada. This constitutes another key milestone in our
intellectual property strategy to build a global patent portfolio
while ensuring long-lasting protection as we continue to advance
the rollout of MySizeID in retailers that are integrating it into
their online storefronts across North America. MySizeID is an
innovation engine which we believe has the potential to
fundamentally transform the apparel business because it increases
the conversion rate for the retailer by allowing consumers to buy
with confidence and enhance the shopping experience, which, in
turn, fosters brand loyalty."
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 measurement 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. We routinely
post information that may be important to investors in the Investor
Relations section of our website. Follow us
on Facebook, LinkedIn, Instagram and Twitter.
Please click here for a demonstration of how MySizeID
provides a full sizing solution for the retail industry.
Register here for a one-month free trial of MySizeID solution
for your online store.
Please click here to download MySizeID for iOS.
Please click here to download MySizeID for Android.
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.
Israel Press Contact:
Yaniv Leibovich
Leibovich Media
yanivleib@gmail.com
+972-54-444-0326
U.S. Press Contact:
5W Public Relations
mysizeid@5wpr.com
IR Contact:
Crescendo Communications, LLC
Tel: +1 212-671-1020
Email: MYSZ@crescendo-ir.com
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SOURCE My Size, Inc.