Datalogic Partners With MySize, Expanding the Availability of the Deliver Solution BoxSize™

Rhea-AI Summary

MySize, Inc. (NASDAQ: MYSZ) announced a strategic partnership with Datalogic to offer its BoxSize measurement solution to Datalogic's customers in the Transportation and Logistics industry. The partnership aims to enhance efficiency and customer experience amid a forecasted 40% growth in e-commerce. BoxSize enables accurate parcel measurement and cost calculation, streamlining delivery management. This collaboration is positioned to support Datalogic's commitment to innovative solutions in logistics, potentially benefiting thousands of customers globally.

Positive

• Strategic partnership with Datalogic expands market reach for BoxSize solution.
• BoxSize offers measurable benefits like cost calculation and accurate parcel measurement.
• Partnership aligns with significant growth in e-commerce, forecasted at 40%.

Negative

• None.

AIRPORT CITY, Israel, Jan. 20, 2021 /PRNewswire/ -- MySize, Inc. (the "Company" or "My Size") (NASDAQ: MYSZ) (TASE: MYSZ), the developer and creator of digital measurement solutions, today announced its partnership with Datalogic, a global leader in the automatic data capture and process automation markets. The partnership makes MySize's BoxSize measurement solution available to thousands of Datalogic customers in the Transportation and Logistics vertical.

The partnership comes as e-commerce growth for the past year is forecasted at 40% and climbed to 21% of overall sales. Logistics operations are facing a rapidly shifting market and must adapt quickly in order to increase efficiency, cut costs, and differentiate themselves from the competition. BoxSize will enable Datalogic customers to do just that, by providing them the ability to quickly measure packages and at the same time calculate costs using their Datalogic mobile terminals in combination with BoxSize. The result is a seamless pickup process that saves time, eliminates hidden charges, and ensures a better customer experience.

BoxSize streamlines delivery management via accurate parcel measurement and cost calculation. The solution also provides real time dimensional weight (DIM) details and integration with enterprise resource planning (ERP) systems through barcode scan, image capture, and geo-location. The result for delivery services is an efficient alignment with the number of distribution vehicles that cuts costs. For consumers, BoxSize can be utilized to measure the volume of a package they intend to mail, and then receive a price quote and schedule a pick-up.

"Now more than ever, distribution and logistics centers need to adapt to a changing environment by providing a perfect experience that necessitates visibility throughout a package's lifecycle and that's exactly what BoxSize provides," said Ronen Luzon, CEO, and Founder of MySize. "Our partnership with Datalogic is yet another vote of confidence for our technology and leap forward towards a better delivery experience for potentially thousands of customers."

"Datalogic has been a market leader for almost five decades by looking to the future and embracing technology that can have a real impact for our customers and BoxSize fits the bill," said Andrea Lamotta, EMEA ISV Manager at Datalogic. "BoxSize is an impressive, comprehensive solution that offers value at every stage in the delivery process and that's exactly the type of solution that we want in our ISV program, a flexible and easy to integrate solution that will support countless customers in the Transportation and Logistics industry.

About MySize 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 that 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 BoxSize provides a full sizing solution for the logistic industry.

Please click here to download BoxSize for iOS.

Please click here to download BoxSize 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:
Strauss Communications
joel@strausscomms.com 
www.strausscomms.com

IR Contact:
Or Kles, CFO
ir@mysizeid.com 

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SOURCE My Size Inc.

FAQ

What is the significance of the partnership between MySize and Datalogic for MYSZ stock?

The partnership significantly enhances the distribution of MySize's BoxSize solution, potentially increasing revenue and market presence, positively impacting MYSZ stock.

How does BoxSize improve logistics operations for Datalogic customers?

BoxSize improves logistics by providing accurate package measurements and cost calculations, streamlining delivery management and enhancing customer experience.

What are the benefits of MySize's BoxSize solution?

BoxSize provides real-time dimensional weight details and integrates with ERP systems, reducing costs and improving operational efficiency for delivery services.

When was the partnership between MySize and Datalogic announced?

The partnership was announced on January 20, 2021.