AIRPORT CITY, Israel,
May 13, 2020 /PRNewswire/ -- My
Size, Inc. (the "Company" or "My Size") (NASDAQ: MYSZ) (TASE:
MYSZ), the developer and creator of smartphone measurement
solutions, today announced it is forming a subsidiary in
Russia in order to establish and
expand the distribution of BoxSize and MySizeID in the Russian
market.
The MySizeID turnkey solution can help retail companies to
reduce costs and enhance shopper experience by providing a more
efficient sizing solution for consumers. MySizeID is a
size-recommendation tool based on shoppers' personal body
measurements, taken with their smartphone sensors without using the
camera. BoxSize is an intuitive parcel measurement app that
can provide real-time logistic data on packages volumes and
transportation, resulting in improved operational efficiency and
reduced operating expenses.
Ronen Luzon, Chief Executive Officer of My Size, commented, "One
of Russia's main goals for
national development is to rapidly evolve and enhance the
utilization of advanced technologies. This includes promoting
technological innovations and accelerating the introduction of
digital technologies, including the use of these technologies to
advance exports. We believe there is a large opportunity in
Russia for MySizeID in the retail
e-commerce market and BoxSize in the logistics/courier market. In
February, we announced that we received a notice of allowance from
the Russian Patent & Trademark office which was key to
establishing a market presence in Russia. During the last couple of months, we
had multiple meetings with key industrialists, technology leaders,
retail executives and top administration officials that are very
interested in incorporating our technology into their respective
platforms. We look forward to expanding our measurement technology
in Russia and CIS countries."
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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.
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.