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 announces the outcome of the exercise of warrants of series TO 1
11 October 2021
On Thursday, 7 October 2021, the exercise period for BoMill AB ("BoMill" or "the Company") warrants of series TO 1 ("TO 1”) ended. A total of 2,290 warrants of TO 1 were exercised. BoMill will thus receive a total of SEK 16,259.00.
BoMill signs contract with major grain processing company in Russia
1 October 2021
Swedish agritech company BoMill AB secures another step in its global market outreach by signing an agreement with Russian grain processing and production company JSC Metelitca (part of Transchemexport Group). As the first step in this collaboration, JSC Metelitca has placed an order where BoMill’s unique technology and its grain sorting equipment IQ will be installed in the company’s new state-of-the art pre-cleaning grain processing plant in the Novosibirsk region.
Correction: Last day of trading in BoMill’s warrants of series TO 1 is Tuesday 5 october 2021
30 September 2021
The press release published earlier today stated that the last day of trading in warrants of series TO 1 is Thursday 5 October 2021. The correct information is Tuesday 5 October.
Tuesday, 5 October 2021, is the last day of trading in warrants of series TO 1 on Nasdaq First North Growth Market. The warrants of series TO 1 were issued in connection with BoMill AB’s IPO in 2020. Each warrant of series TO 1 entitles the holder to subscribe for one new share in BoMill. Last day to exercise the warrants of series TO 1 and subscribe for shares is 7 October 2021.
BoMill publishes half-year report for second quarter and first six months 2021
27 August 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