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BoMill enters into distribution agreement with Nexeed Inc. for the Canadian market

7 September 2023, 15:10 CET

BoMill AB (publ) has entered into a distribution agreement with Nexeed Inc., a renowned supplier of grain, food and seed processing equipment solutions for the Canadian market.

“The Canadian market offers great potential for the commercial development of BoMill InSight™. We are thrilled to start collaborating and building a long-term partnership with Nexeed Inc., such a well-known provider of grain processing solutions in the region.”, commented Andreas Jeppsson, CEO of BoMill.

Since 1993, Nexeed Inc. has been supplying equipment solutions to Canadian seed, grain, and food processors. The company also provides services such as plant design and planning, as well as servicing of existing seed or grain processing plants. Their customers include leaders in the seed business, special crop cleaning, and food processors.

“We are excited to start our collaboration with BoMill on the Canadian market. BoMill InSight complements our offering and presents new opportunities for our seed, grain and food processing customers to improve the quality of their products further. “, says Mark Metcalfe, President.

BoMill InSight™ at a glance

BoMill InSight™ is BoMill’s latest advanced grain sorting solution and the only one of its kind, capable of segregating kernel by kernel, at industrial speed (up to 15 metric tons per hour – 125,000 kernels per second), on grains’ inner qualities such as protein content or fusarium contamination.

The equipment aims toward grain industrial companies with a sustainability agenda, willing to optimize their grain supply further while enhancing the quality of their products. This includes grain producers (e.g. large cooperatives, grain elevators) as well as processors such as flour mills and malt producers.

The revolutionary modular approach of BoMill InSight™ offers maximum flexibility for operations and easy upgradability. Its smart frame design and compact footprint allow easy and rapid installation in new or existing grain processing lines. With its economic installation, operation, maintenance, and upgradability, BoMill InSight™ is also cost-efficient, allowing a fast return on investment to customers.

For additional information about BoMill, visit www.bomill.com or contact:

Andreas Jeppsson, CEO Phone: +46 (0)727 00 11 82 | E-mail: andreas.jeppsson@bomill.com

Denis Boissau, Marketing Manager | Phone: +46 (0)727 00 12 89 | E-mail: denis.boissau@bomill.com

For additional information about Nexeed Inc., visit www.nexeed.ca or contact:

Mark Metcalfe, President | Phone: +1 204 982 3531 | Email: mmetcalfe@nexeed.ca

BoMill has developed and markets a patented technology for sorting grain on a commercial scale, based on the internal qualities of each kernel. The method is the only one of its kind on the market today and is estimated to have the potential to become a Golden Standard within the industry.

The company is listed on Nasdaq Stockholm First North Growth Market under the ticker: BOMILL

Certified Adviser: Svensk Kapitalmarknadsgranskning AB - www.skmg.se

For more information about BoMill, please visit www.bomill.com

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THIS PRESS RELEASE IS NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR INTO AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, OR THE UNITED STATES OF AMERICA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER ACTIONS. PLEASE REFER TO THE SECTION “IMPORTANT INFORMATION” BELOW.

BoMill AB (the "Company" or "BoMill") announces that the rights issue of new shares with preferential rights for the shareholders was resolved by the ordinary general meeting April 12, 2024 and whose outcome was announced by the Company through a press release on May 15, 2024 (the "Rights Issue"), is now registered with the Swedish Companies Registration Office and the paid subscribed shares ("BTA") will therefore be replaced with ordinary shares.

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Regulatory

THIS PRESS RELEASE IS NOT FOR RELEASE, DISTRIBUTION, OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR INTO AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, OR THE UNITED STATES OF AMERICA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER ACTIONS. PLEASE REFER TO THE SECTION "IMPORTANT INFORMATION" BELOW.

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THIS PRESS RELEASE IS NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR INTO AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, OR THE UNITED STATES OF AMERICA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER ACTIONS. PLEASE REFER TO THE SECTION “IMPORTANT INFORMATION” BELOW.

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