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 AB (publ) share issue is registered and trading in BoMill BTA shares ceases June 7
2 June 2022
BoMill AB (publ) has completed the preferential rights issue of shares that closed on May 12, 2022. The rights issue of 23,3 MSEK is now registered with the Swedish Companies Registration Office and the last day for trading in paid subscribed shares ("BTA") will be Tuesday, June 7, 2022.
BoMill AB (publ) preferential share issue of 23,3 MSEK was oversubscribed
17 May 2022
The subscription period in the preferential share issue in BoMill AB (publ) ("BoMill" or "Company") ended on May 12. The share issue was subscribed to 105,6 %. BoMill will receive 21,3 MSEK after transaction costs.
Communiqué from Annual General Meeting in BoMill AB
12 May 2022
Idag, den 12 maj 2022, hölls årsstämma i BoMill AB (publ), 556556-4332. Nedan följer en sammanfattning av de beslut som fattades. Samtliga beslut fattades med erforderlig majoritet.
Today, May 12, 2022, the Annual General Meeting of BoMill AB (publ), 556556-4332, was held. Below is a summary of the decisions made. All decisions were made by the required majority.
Quaterly Report, Q2 2022
Quaterly Report, Q3 2022
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