BoMill initiates field testing of updated sorting technology
26 January 2021, 09:00 CET
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.
Lilla Harrie is Sweden’s oldest mill, in operation since 1509. Lilla Harrie is part of the Pågen Group, the market leading bakery in Sweden. The production at Lilla Harrie accounts for 25% of the Swedish consumption of bakery flour.
BoMill and Lilla Harrie have entered into an agreement which makes it possible for BoMill to install and test its latest sorting technology at Lilla Harrie’s facility in Eslöv. The field test is part of the final stage in the development of the next generation premium version of the Company’s TriQ model. The purpose of the agreement with Lilla Harrie is to run extensive tests on the new TriQ model in a suitable environment, providing the Company with direct access to grains and relevant infrastructure. The testing period will run from February 2021 until all necessary tests have been conducted.
TriQ in short
TriQ is BoMill's proprietary, high precision, grain quality sorting technology with a capacity fully compatible with the needs of industrial grain handling. The performance of TriQ is based on so-called near-infrared analysis in transmittance mode (NIR/T), which makes it possible to sort a batch of grains into fractions based on each kernel’s internal properties, for example protein content, with a capacity of 3 tons per hour (corresponding to 25,000 kernels per second). The equipment can also be installed as a cluster solution, i.e. as several interconnected devices.
Latest news and releases
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.
BoMill publishes information memorandum regarding the Rights Issue
26 April 2022
BoMill AB (publ) (”BoMill” or the “Company”) today publishes an information memorandum by reason of the proposed preferential rights issue of shares resolved by the Extraordinary General Meeting of BoMill on April 8, 2022. Upon full subscription in the Rights Issue, the Company will receive approximately SEK 23.3 million before issue costs. The Rights Issue is secured through underwriting commitments corresponding to 100 percent of the maximum issue volume.