AIRPORT CITY, Israel,
Dec. 1, 2020 /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 was
granted a patent from the United States Patent & Trademark
Office for its application, titled: "System for and a method of
measuring a path length using a handheld electronic device." With
this latest patent MySize has nine total issued/allowed patents and
10 patent applications pending worldwide.
The patent covers the methods and systems for measuring a body
part of a user using a handheld electronic device, which is part of
MySizeID's foundational technology. MySizeID's proprietary
algorithms utilize a smartphone's sensors combined with
anthropometric data to provide customers highly accurate sizing
information for specific brands, based on the users' exact
measurements.
"Receiving this patent in the US now represents another step
forward for MySize's capabilities, as well as an unprecedented
opportunity for brands amidst the shift to e-commerce," said Ronen
Luzon, CEO, and Founder of MySize. "The cost of reverse logistics
stands at over half a trillion dollars yearly and by further
enabling customers to have confidence in their purchases, we're
dramatically reducing costs while cementing customer loyalty."
About MySize 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 that 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
My Size, Inc. (the "Company" or "My Size") (NASDAQ: MYSZ) (TASE:
MYSZ), the developer and creator of smartphone measurement
solutions.
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.
Logo -
https://mma.prnewswire.com/media/689689/MySize_Logo.jpg
U.S. Press Contact:
Joel@strausscomms.com
Strauss Communications
My Size Investor relations contact:
Or Kles, CFO
ir@mysizeid.com
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SOURCE My Size Inc.