AIRPORT CITY, Israel,
June 19, 2018 /PRNewswire/ -- My
Size, Inc. (the "Company" or "My Size") (NASDAQ: MYSZ; TASE: MYSZ),
the developer and creator of smartphone measurement applications,
today announced its plans to launch QSize™, a mobile measurement
solution for retailers to ensure quality control throughout the
apparel manufacturing process.
The current process for quality control within apparel
manufacturing includes measurement of each garment by hand,
followed by manual entry of such measurement into the
manufacturer's back office system, creating a significant
possibility for human error. My Size's QSize will enable a retailer
to fully automate its quality control process by utilizing a
mobile-based measurement and data logging system.
To use QSize, the user will first scan the apparel's barcode
utilizing their mobile device, and is then shown a graphic
illustration of how to measure the garment. The user will then
measure the garment with a few easy movements of the mobile device,
and the data is then accurately and automatically uploaded into the
retailer's back office system each and every time.
"The existing quality control system in the retail industry is
antiquated and rife with opportunity for human error due to the
misreading of a tape measure or incorrect data entry on a keyboard.
QSize, which utilizes the same innovative mobile measurement
technology that powers our other products, can empower apparel
manufacturing employees to perform their jobs faster and more
accurately each time," said Ronen Luzon, CEO, My Size "Through the
launch of QSize, we are expanding our technology offering to
provide a full measurement solution for the retail industry,
ensuring both the retailer and the consumer can move through their
respective process as efficiently and accurately as possible."
Depending on the brand, we estimate that anywhere from 1-4% of
garments can be rejected at quality control for reasons including
improper sizing. If such a garment cannot be repaired easily it is
usually thrown away – creating an immediate and crucial need to
identify errors in sizing to avoid a mass-production of improper
garments. In the U.S., where 450 million pairs of jeans are
purchased each year, an average cost of $20 per pair of jeans could result in
$90 million lost to retailers.
According to a survey of people working in fashion, 94% agreed
that garment fit is a problem in retail and manufacturing today.
That same survey reported that 75% said speed-to-market is the
number one reason why they have increased fit issues, while 56%
said they could obtain a better fit for their line if they had more
time in production to perfect the fit. Utilizing antiquated
measurement tactics such as tape measures is time consuming and
slow. If apparel retailers and manufacturers want to become more
efficient and more accurate, they will need to adopt technologies
that can improve process.
Please click here for a demonstration of how the
BoxSizeID™ app works.
Please click here for a demonstration of how the MySizeID™ retail
app works.
Please click here for a demonstration of the SizeUp™ "measurement
from the air" smart measuring tape.
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.
Israel Press Contact:
Eran Yoels
Rimon, Cohen and Co.
Eran@rcspr.co.il
U.S. Press Contact:
Matthew Bretzius
FischTank Marketing & PR
matt@fischtankpr.com
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SOURCE My Size Inc.