AIRPORT CITY, Israel, June 28, 2018 /PRNewswire/ -- MySize, Inc. (the "Company" or "MySize") (MYSZ) (NASDAQ: MYSZ) (TASE: MYSZ), the developer and creator of smartphone measurement applications, announced today it has been notified by the United States Patent and Trademark Office ("USPTO") that it has been issued a patent to protect intellectual property with respect to its smartphone measurement technology.
The patent applies to the technology that powers My Size's suite of smart mobile measurement solutions such as MySizeID™, BoxSizeID™, SizeUp™, QSize™, and more.
"We are pleased to have been issued this patent from the USPTO which adds another layer of intellectual property protection to our smartphone measurement solutions in the United States," said My Size CEO, Ronen Luzon. "As multiple industries including retail, parcel, and DIY continue to seek out technology solutions to help improve their bottom line, it is crucial for us to secure the competitive advantage that our innovative solutions bring to the market."
U.S. Patent 10,004,429, titled "Method and system for measuring a path length using a handheld electronic device" includes repeatedly tumbling forward the handheld electronic device so as to cover the path to be measured; sensing a rotational change of the handheld electronic device; counting fractional increments of revolution of the handheld electronic device with respect to a starting position; and estimating the path length based on the counted fractional increments of revolution.
The Company has now been issued two patents in the U.S. together with a patent in Russia and Japan as it continues to seek intellectual property protection for its innovative technologies. Prior to this issuance, the Company received notification from the World Intellectual Property Organization that its pending patent application PCT/IL2016/050905 "A system for and a method of measuring using a handheld electronic devise" is in the National Phase of review in Russia.
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:
Rimon, Cohen and Co.
U.S. Press Contact:
FischTank Marketing & PR
SOURCE My Size Inc.