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My Size Receives Notice of Allowance for U.S. Patent on Expanding Protection Around Its Smart Mobile Measurement Technology
Represents third patent issued/allowed in the U.S. AIRPORT CITY, Israel, June 22, 2020 /PRNewswire/ -- My Size, Inc. (the "Company" or "My Size") (NASDAQ:
About this update from My Size, Inc.
[{"type":"text","content":"Represents third patent issued/allowed in the U.S.\n\n\nAIRPORT 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.\nThe 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. \nRonen 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.\"\nFor the latest news coverage, please follow the Company on Facebook, LinkedIn, Instagram and Twitter....