Global population is expected to reach ten billion by 2050, which will result in a significant increase in demand for food for human consumption and animal feed. About 37 percent of the total land mass is classified as an "agricultural area" and the majority is already utilized. To meet the increased demand, it is necessary for farmers and other players in the value chain to maximize the return on their land and its harvests in a sustainable way.
Grains are today the world's second most traded commodity, after oil. Grading and sorting cereals thus has a direct effect on global food supply and food quality. Individual grain sorting is a relatively new method that has attracted great interest in the grain industry. Environmental effects, such as a warmer climate, will continue to lead to variations in quality and price. At the same time, new and more restrictive limit values for mycotoxins and new guidelines for the handling of grains are expected. This motivates grain producers and the process industry to maximize the value and use of grain harvests and this is where BoMill's solution, i.e. the use of individual kernel sorting on internal properties, offers a unique opportunity to sustainably ensure food safety and food quality, with improved profitability throughout the value chain.
It is the Board's assessment that BoMill's technology is a pioneer in qualitative large-scale sorting of grains. The technology has been developed since 2001 and has so far resulted in two commercial products. The company has several well-established and recognized customers, such as Carlsberg, Casillo, Canadian International Grain Institute, Standard Nutrition Company, Varaslättens Lagerhus and GoodMills Group. Together with its experienced and skilled owners, BoMill has established an organization that will be able to take the Company to the next level and eventually reach the desired market position. However, additional capital is required to be able to expand operations, increase presence in more markets and progress with the development of the second generation sorting system, which is why the Company intends to carry out a capitalization in the autumn of 2020 prior to the planned listing on Nasdaq First North Growth Market.
Latest press releases
Communiqué from the Extraordinary General Meeting of BoMill AB (publ)
27 January 2021
In accordance with the Board of Directors’ proposal, the Extraordinary General Meeting in BoMill AB (publ) on January 27, 2021 resolved on a directed issue of 330,000 warrants, whereupon the company’s share capital may be increased by maximum SEK 330,000.
BoMill initiates field testing of updated sorting technology
26 January 2021
BoMill AB (”BoMill” or the “Company”) announces that the Company has signed an agreement with Lilla Harrie Valskvarn AB (“Lilla Harrie”) to test the Company’s updated sorting technology, which is based on the TriQ model. As previously communicated, BoMill is developing the next generation of the TriQ model, a process that is now entering its final phase. The development agreement with Lilla Harrie will enable BoMill to evaluate the updated model in a suitable environment, with access to logistics, relevant infrastructure and grains. BoMill will cover the costs involved and will not receive any revenue from the field test.
Notice of extraordinary general shareholders' meeting in BoMill AB (publ)
23 December 2020
The shareholders of BoMill AB (publ), org. no. 556556-4332 (“BoMill”) are hereby summoned to the extraordinary general shareholders’ meeting on Wednesday January 27, 2021.
Quarterly report, Q4 2020
Annual General Meeting
Extraordinary general meeting of BoMill
The shareholders of BoMill AB (publ), org. no. 556556-4332 (“BoMill”) are hereby summoned to the extraordinary general meeting on Wednesday January 27, 2021.