AIRPORT CITY, Israel, Nov. 08, 2016 (GLOBE NEWSWIRE) -- MySize Inc. (the “Company”) (NASDAQ:MYSZ) (TASE:MYSZ), developer of unique measurement technology applications for Smartphones, announced today that the Company will host the first public demonstration of the Company’s BoxSizeID at the Web Summit in Lisbon this week, beginning today, at booth #S111 in the Start Exhibition Area of Pavilion 2 at the Feira Internacional de Lisboa and Meo Arena.
BoxSizeID is an intuitive parcel measurement app that empowers customers to easily and quickly measure the size of a parcel and calculate its exact shipping cost. BoxSizeID also provides courier companies with an additional stream of accurate logistics data to better manage their delivery processes, before the parcels even arrive at their distribution centers.
“BoxSizeID is our second product application based on the Company’s patent-pending measurement technology. This new product is opening up the Company to a new market that is rapidly expanding and we hope that we will be able to partner with global logistics companies in the future,” said Ronen Luzon, the Company’s CEO.
According to a BDO Consulting Group report, the average daily package volume for the two largest global courier companies exceeded 30 million packages per day in 2015. Also, according to the same report, today, the courier delivery market is estimated at $232 billion and is expected to grow by approximately 4% annually during the next few years.
The Company is currently engaged in a pilot installation of BoxSizeID with Katz Shipping. Katz Shipping is the second largest delivery company in Israel. It has more than 500 employees and delivers more than five million packages annually.
“We are very excited about demonstrating BoxSizeID for the public and to showing Web Summit attendees first-hand how versatile our patent pending technology is and how it can be effectively applied to different markets,” said Billy Pardo, the Company’s Chief of Product.
About MYSIZE
MySize Inc. (TASE:MYSZ) (NASDAQ:MYSZ) has developed a unique measurement technology based on sophisticated algorithms with broad applications including apparel, e-commerce, shipping and parcel measurement. The technology is driven by several patent-pending algorithms which are able to calculate and record measurements in a variety of novel ways. To learn more about MySize, please visit our website, www.mysizeid.com
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