AIRPORT CITY, Israel,
June 22, 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 has received a Notice of
Allowance from the United States Patent and Trademark Office
("USPTO") for its patent application, titled: "A system for and a
method of measuring a path length using a handheld electronic
device." With this latest Notice of Allowance, the Company has now
been issued/allowed three patents in the U.S. out of a total 9
issued/allowed patents worldwide and 12 patent applications
pending.
The patent applies to the technology that powers My Size's suite
of smart mobile measurement solutions such as MySizeID™, BoxSize™
and more. The allowed patent application covers a variety of
aspects around the technology, including the methods and systems
for measuring a body part of a user using a handheld electronic
device. MySizeID's proprietary algorithms utilize a smartphone's
sensors combined with anthropometric data to provide customers
highly accurate sizing and other measurement information, which can
be tied to specific brands, based on the user's exact
measurements.
Ronen Luzon, Chief Executive Officer of My Size, stated, "We
continue to rapidly build our intellectual property portfolio
globally, and we are pleased to have received the notice of
allowance for this patent from the USPTO which adds another layer
of intellectual property protection to our smartphone measurement
solutions in the United States.
The U.S. represents a very large market for MySizeID. In 2019,
retail e-commerce revenues from apparel, footwear and accessories
sales were estimated to amount to 103.1
billion U.S. dollars and are projected to increase to
approximately 194.4 billion U.S.
dollars in 2023. For BoxSize, a parcel measurement app that
can provide real-time logistic data on packages volumes and
transportation, the couriers and local delivery services market was
estimated to be $113.5 billion in the
U.S. in 2020. Building out our intellectual property portfolio is
central to our strategy in establishing and sustaining our
technology in the U.S. and beyond."
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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.
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Israel Press Contact:
Yaniv Leibovich
Leibovich Media
yanivleib@gmail.com
+972-54-444-0326
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.