AIRPORT CITY, Israel, Feb. 22,
2024 /PRNewswire/ -- My Size Inc. (Nasdaq: MYSZ)
(TASE: MYSZ.TA), a leading omnichannel e-commerce platform and
innovator in AI-driven measurement solutions, is excited to
announce the latest advancements from its subsidiary, Naiz Fit.
Embracing the future of fashion technology, Naiz Fit is pioneering
the integration of Generative Artificial Intelligence (AI) into its
services, setting a new standard for personalized and interactive
shopping experiences in the fashion industry.
Innovating with Natural Language Models: Naiz Fit is
harnessing the power of advanced natural language processing models
and multi-agent environments, such as Crew AI and Autogen, to
introduce an unparalleled level of personalization in product
recommendations and filtering. This cutting-edge approach allows
for intuitive searches based on occasions or specific queries like
"I have a party" or "What goes best with my jeans". By developing
specialized agents—each an expert in brand knowledge, fashion
trends, or size and fit—Naiz Fit is able to aggregate a tailored
product reel that not only matches individual style preferences but
also considers past purchases, body figures, fits and tastes.
Revolutionizing with Image Generation Models: Naiz Fit is
breaking barriers by enabling virtual try-ons directly from
customers' photos. This innovative feature eliminates the need for
3D garment modeling, leveraging existing product images for a
seamless integration. Brands can now offer their customers the
ability to virtually mix and match garments, visualizing how
different items pair together. Furthermore, Naiz Fit aims to extend
this immersive experience to physical retail spaces through smart
mirrors and digital points of sale equipped with cameras, enhancing
the in-store shopping journey.
A Leap Towards Futuristic Fashion Retail: "At My Size, we are
committed to driving innovation and redefining the retail
experience through technology," stated Ronen Luzon, Founder and CEO
of My Size Inc. "The integration of Generative AI into Naiz Fit's
offerings represents a significant milestone in our journey,
offering unprecedented personalization and engagement to both
brands and consumers. This is just the beginning of how we envision
the future of fashion tech."
About MySize Inc.
MySize, Inc. (Nasdaq: MYSZ) (TASE:
MYSZ.TA) is an omnichannel e-commerce platform and provider of
AI-driven measurement solutions including MySizeID and recently
acquired Naiz Fit to drive revenue growth and reduce costs for its
business clients. Orgad, its online retailer platform, has
expertise in e-commerce, supply chain, and technology operating as
a third-party seller on Amazon.com and other sites. MySize recently
launched FirstLook Smart Mirror, a mirror-like touch display that
provides in-store customers an enhanced shopping experience and
contactless checkout. FirstLook Smart Mirror extends MySize's reach
into physical stores and is expected to contribute to revenues
through unit sales and recurring service fees.
MySize 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 measurement technology
is driven by several algorithms that 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.
We routinely post information that may be important to investors
in the Investor Relations section of our website. Follow us
on Facebook, LinkedIn, and X (formerly
Twitter).
Please click here for a demonstration of how MySizeID
provides a full sizing solution for the retail industry.
To learn more about MySize and for additional information,
please visit: our website: www.mysizeid.com.
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, including statements related to the acquisition, expected
revenues, and the expected closing of the acquisition. 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 may 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.
Investor Contacts:
Or Kles, CFO
ir@mysizeid.com
View original
content:https://www.prnewswire.com/news-releases/naiz-fit-a-my-size-inc-company-unveils-groundbreaking-generative-ai-strategies-to-revolutionize-fashion-tech-302068844.html
SOURCE My Size Inc.
