My Size and Logystico Announce LOI to Form Joint Venture to Operate and Manage Micro-Fulfilment Centers Utilizing BoxSize Platform
My Size, Inc. (MYSZ)
US:NASDAQ Investor Relations:
mysizeid.com/investor-relations
Company Research
Source: PR Newswire
AIRPORT CITY, Israel, April 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 entered into a non-binding letter of intent (LOI) with Logystico LLC, a third party logistics fulfillment company that specializes in automating the order fulfillment process, to form a joint venture (JV). Under the terms of the LOI, the JV will exclusively operate and manage micro-fulfilment centers using My Size's BoxSize platform for retail vendors in the United States and My Size will have a 68% stake and Logystico will have a 32% stake in the JV Entity. Establishment of the JV is subject to the entry into a definitive binding agreement. BoxSize is an intuitive parcel measurement app that can provide real-time logistic data on packages volumes and transportation, which is designed to improve operational efficiency and reduce operating expenses. BoxSize streamlines de
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- 11/14/24 - Form SC
- 11/14/24 - Form 10-Q
- 11/4/24 - Form ARS
- MYSZ's page on the SEC website