MySize (NASDAQ: MYSZ) shares are up 19% this morning after the company said it has completed the beta-pilot testing phase and has initiated the commercial phase of KatzID, a courier measurement application developed by MySize. KatzID will enable employees of Katz Corporation to easily and quickly measure the size of a parcel and calculate its exact shipping cost. The application also delivers barcode scanning, package pictures, location and more, which connect to Katz’ ERP system to better manage their delivery processes. “Today marks a major milestone in the development of a very important product that is going to significantly improve today’s shipping process. It is a pleasure working with the professional team at Katz, who understood from the start the immense value of KatzID and enthusiastically joined us on what has been an exciting adventure. We look forward to continuing on this road with the goal of making KatzID and other white label products for the courier market, an industry standard,” MySize CEO Ronen Luzon stated in the news release.
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MySize Inc. (NASDAQ: MYSZ) has developed a unique measurement technology based on sophisticated algorithms and cutting edge technology with broad applications including apparel industry, e-commerce, shipping and parcel industry measurement. This proprietary 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 the company’s website at www.mysizeid.com.
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