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
BoMill takes next step with high-capacity sorting equipment
5 July 2021
Swedish agritech company BoMill AB (”BoMill”) is currently developing a high capacity sorting equipment, able to sort the highest level of industry standard sorting volumes (up to 15 tons of grains per hour). Having confirmed the principles of the new equipment in testing, BoMill is now moving ahead, focusing on setting a plan for commercialization. The new equipment is aimed to be launched during Q2 2022.
BoMill new member of German brewery association VLB
21 June 2021
Swedish agritech company BoMill AB takes another step towards the brewing and malting industry – by becoming supporting member of the prestigious German association of brewery and malting, Versuchs- und Lehranstalt für Brauerei in Berlin (VLB). In cooperation with VLB, BoMill will further assess the benefits of its patented technology for the brewing and malting industry.
BoMill appoints Fredrik Nilsson as new CTO
1 June 2021
BoMill AB (”BoMill”) is pleased to announce that Fredrik Nilsson has joined BoMill as Chief Technology Officer (CTO). Fredrik Nilsson will take up his position on June 1, 2021 and will be part of the management team.
BoMill Q1 Report, January – March 2021
6 May 2021
Quarterly Report, Q2 2021
Quarterly Report, Q3 2021
Annual General Meeting in BoMill AB
The shareholders of BoMill AB (publ), 556556-4332, are hereby invited to attend the Annual General Meeting on Thursday, May 6[th], 2021