MySize Receives Notice of Allowance from the Japan Patent Office for MySizeID Smart Measurement Solution

Rhea-AI Summary

My Size, Inc. (NASDAQ: MYSZ) announced a Notice of Allowance from the Japan Patent Office for its patent titled "System for and a method of measuring a path length using a handheld electronic device." This patent enhances My Size's market entry into Japan, a key market for smartphone-based solutions. The proprietary algorithms facilitate accurate sizing based on users' measurements via smartphones, and this patent increases My Size's patent portfolio to ten issued patents and nine pending globally.

Positive

• Notice of Allowance from Japan Patent Office expands market opportunities.
• Total of ten issued patents enhances company’s competitive edge.
• Proprietary algorithms provide highly accurate sizing solutions.

Negative

• None.

AIRPORT CITY, Israel, March 4, 2021 /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 a Notice of Allowance from the Japan Patent Office for its application, titled: "System for and a method of measuring a path length using a handheld electronic device." The patent marks a significant step forward in entering the Japanese market.

The patent application encompasses the methods and systems for measuring a body part of a user via a handheld electronic device. MySizeID's proprietary algorithms leverage the smartphone's built-in sensors and fuse the data produced with anthropometric data. The result is that customers enjoy highly accurate sizing information based on the users' exact measurements. With this latest patent, MySize has ten total issued patents and nine patent applications pending globally.

"The Japanese market represents an ideal market for us, both because of its value and its population, which is especially receptive when it comes to smartphone-based solutions," said Ronen Luzon, CEO, and Founder of MySize. "E-commerce was already big in Japan and like every market globally, recent events have posed a challenge to retailers and brought unprecedented opportunities for those who embrace and implement solutions. We're now able to be part of the solution, and we're excited for both retailers and customers to benefit from hassle-free perfect fitting apparel."

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 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:
Joel@strausscomms.com
Strauss Communications

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

 

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SOURCE My Size Inc.

FAQ

What does the Notice of Allowance from the Japan Patent Office mean for My Size, Inc. (MYSZ)?

The Notice of Allowance indicates that My Size has received approval for a patent, which allows it to market its measurement solutions in Japan, expanding its business opportunities.

How many patents does My Size, Inc. currently hold?

My Size, Inc. holds a total of ten issued patents and has nine pending patent applications globally.

What technology does My Size, Inc. use for its measurement solutions?

My Size, Inc. employs proprietary algorithms that leverage smartphone sensors to provide accurate sizing information based on user measurements.

Why is the Japanese market significant for My Size, Inc.?

Japan represents a valuable market due to its large population and consumer receptiveness to smartphone solutions, making it an ideal target for My Size's technology.