My Size Introduces SizeIT, a Smart Measuring Tape SDK
September 06 2017 - 8:45AM
My Size, Inc. (the “Company” or “My Size”) (NASDAQ:MYSZ)
(TASE:MYSZ), developer of proprietary, smartphone measurement
applications, expanded its technology pipeline once again today.
The Company is proud to announce that its patent-pending,
proprietary, SizeIT smart measuring tape SDK is now available to
provide accurate measurement capabilities as part of the
deliverable of any iOS mobile application. The Company anticipates
that the smart measuring tape SDK will be available for Android
devices in the future.
“SizeIT can be embedded in all iOS applications
and the possibilities of use are virtually unlimited – from do it
yourself (“DIY”), to home improvement, to parcel delivery and
everything in between,” said My Size, Inc. CEO Mr. Ronen Luzon.
Mr. Luzon continued, “Our business model is
based on the licensing of our technology. We charge the retailer a
fee each time one of their customers uses our measurement
technology. As such, market figures and projections are both
important and relevant as they can serve as an indicator of the
potential earnings of My Size. Consider a few examples: Technavio
Research is forecasting that the DIY tools market will grow to
$13.9 billion by 2021; the Home Improvement Research Institute
reports that in 2016, the total home improvement market grew to
$346 billion; and, Accenture Consulting estimates that parcel
delivery will continue to grow annually by 7% annually and reach
$343 billion globally by 2020.”
My Size’s CTO Oded Shoshan said, “SizeIT enables
retailers an opportunity to offer their online customers the luxury
of measuring everything according to their needs. Shoppers are free
to shop without interference, as it is not necessary to open a
second application for measurement tools or look for a ruler or
measuring tape at home, all which are very time consuming. In
addition, the SizeIT SDK can be customized according to a
retailer’s requirements. Retailers also benefit from tremendous
support from My Size.”
SizeIT, like SizeUp, provides users with the
ability to instantly and accurately measure surfaced objects by
placing their smartphone on one side of an object and moving it to
the other side of the object. The Company’s algorithm utilizes a
smartphone’s motion sensors to calculate the travelled distance.
There is no need to clean a surface before measuring. Gaps between
surfaces can be measured. SizeIT is very quick and easy to
integrate into any iOS mobile app.
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 iOS 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 apparel, e-commerce,
DIY, shipping and parcel industry measurement. This
proprietary technology is driven by several patent-pending
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 at 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; 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
Marjie Hadad
MH Communications
marjierhadad@gmail.com
+972-54-536-5220
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