- Company broadens IP assets which include approximately 20
patents issued and pending
- Patents previously issued in major markets including the
U.S., Europe, and Japan
AIRPORT CITY, Israel, Feb. 7, 2023
/PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA)
("MySize" or the "Company"), an omnichannel e-commerce
platform and provider of AI-driven measurement solutions to drive
revenue growth and reduce costs for its business clients, announced
today the Canadian Intellectual Property Office has issued a Notice
Allowance for the Company's patent titled "A system for and a
method of measuring a path length using a handheld electronic
device".
This patent encompasses the methods and systems for measuring a
body part of a user via a handheld electronic device. MySizeID's
proprietary algorithms leverage the smartphone's built-in sensors
and fuse the data produced with anthropometric data. As a result,
users can enjoy highly accurate sizing information based on their
exact measurements.
"Our patent estate becomes increasingly valuable as MySizeID and
Naiz Fit are producing a growing body of efficiency metrics that
prove its benefits to our apparel retail customers which now
amounts to well over 1,000 companies including the biggest names in
global fashion such as Levi's, Speedo, Superdry, Moschino and
more," stated MySize Founder and CEO Ronen
Luzon. "Moreover, we are signing new customers at an
accelerated pace as the economic efficiency metrics of our products
combine with a greater awareness of environmental sustainability
resulting from lower size-related returns."
About MySize Inc.
MySize, Inc. (Nasdaq: MYSZ)
(TASE: MYSZ.TA) is an omnichannel e-commerce platform and provider
of AI-driven measurement solutions including MySizeID and recently
acquired Naiz Fit to drive revenue growth and reduce costs for its
business clients. Orgad, its online retailer platform, has
expertise in e-commerce, supply chain, and technology operating as
a third-party seller on Amazon.com and other sites. MySize recently
launched FirstLook Smart Mirror, a mirror-like touch display that
provides in-store customers an enhanced shopping experience and
contactless checkout. FirstLook Smart Mirror extends MySize's reach
into physical stores and is expected to contribute to revenues
through unit sales and recurring service fees.
MySize 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
MySize, 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 the MySizeID solution for your
online store and here for the Naiz Fiz solution.
To learn more about MySize and for additional information,
please visit: our website: www.mysizeid.com.
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, including statements related to the acquisition, expected
revenues, and the expected closing of the acquisition. 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 may 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.
Investor Contacts:
Or Kles, CFO
ir@mysizeid.com
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SOURCE My Size Inc.