MySize Initiates Commercial Phase of KatzID Rollout
Airport City, Israel, March 30, 2017 — MySize Inc. (the “Company”) (NASDAQ: MYSZ; TASE: MYSZ), developer of proprietary, smartphone measurement applications, announced today the completion of the beta-pilot testing phase and the beginning of the commercial phase of the KatzID, a courier measurement application(app) developed by MySize.
Katz Corporation CEO Dror Katz said, “Following the successful pilot conducted at Katz Shipping’s logistic center, starting in April 2017, KatzID will be made available to Katz employees to improve control procedures over the parcels it transfers. As a result of accurate measurements, we expect KatzID will provide Katz a significant yearly savings that is estimated to increase the company’s annual income by about 2.5%, to around one million US dollars. The Katz team is invited to download the application from the Apple store, and use it to measure packages.”
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