Successful field test paves way for launch of BoMill InSight
26 January 2023, 10:00 CET
Following its successful industrial field-testing phase, the Swedish agritech company BoMill AB launches BoMill InSight™, the first equipment of its kind, capable of sorting individual grains on their inner properties, at large industrial capacity. The equipment allows for more efficient supply and use of grain raw materials, reduces waste and helps increase food safety.
“The grain value chain faces many challenges and must find new ways to be more sustainable, reducing crop losses while improving supply and process efficiency. BoMill InSight™ gives the opportunity to increase the profitability of grain processors in a sustainable way.” says Andreas Jeppsson, CEO of BoMill AB.
After over six months of industrial tests, the stability of the sorting, the overall robustness and capacity of the BoMill InSight™ solution have been confirmed, allowing its immediate commercial launch. Besides the new sorting opportunities that the equipment offers to grain processors, customers have also noted its ease of operation which is also crucial when bringing this new technology to the market. Moving ahead with the launch, the sales and marketing plan is now being rolled out and will involve further BoMill’s partners.
Prior of the launch, two orders have already been received for BoMill InSight™. The first one from the leading mobile grain processor in Scandinavia, GL. BUURHOLT, is scheduled to be delivered during Q1 2023. The second order recently received from Europe’s largest milling group, GOODMILLS GROUP, is planned to be delivered during Q2 2023.
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 towards grain industrial companies with a sustainability agenda, willing to further optimize their grain supply while enhancing quality of their products. This includes grain producers (e.g. large cooperative, 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. And with its economic installation, operation, maintenance and upgradability, BoMill InSight™ is also cost-efficient, allowing fast return on investment to customers.
For further information on BoMill InSight™, please visit: www.bomill.com/bomill-insight/ or alternatively follow us on our LinkedIn channel www.linkedin.com/company/bomill-ab
For more information about BoMill, please contact:
Andreas Jeppsson, CEO
Phone: +46 727 001 182
E-mail: andreas.jeppsson@bomill.com
Certified Adviser: Svensk Kapitalmarknadsgranskning AB
Phone: +46 11 32 30 732
E-mail: ca@skmg.se
Latest news and releases
BoMill signs follow-up agreement with Lantmännen worth EUR 475,000
28 June 2024
BoMill AB has signed a follow-up agreement worth EUR 475,000 with Swedish agriculture cooperative group Lantmännen. Following an initial project evaluating BoMill InSight™ during a rental period, Lantmännnen Lantbruk has decided to purchase the solution and increase the capacity with additional sorting units.
BoMill announces that the Rights Issue is registered and the last day of trading in BoMill's BTA is June 10, 2024
5 June 2024
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.
BoMill announces outcome of the wholly guaranteed Rights Issue
15 May 2024
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 hereby the outcome of the wholly guaranteed rights issue of shares with a subscription period ended on May 14, 2024 (the "Rights Issue").
The outcome of the Rights Issue shows that 26 962 308 shares were subscribed for with the support of subscription rights, corresponding to approximately 96.6 percent of the Rights Issue; and 8 289 101 shares were subscribed for without the support of subscription rights, corresponding to approximately 29.7 percent of the Rights Issue. In total, 35 251 409 shares were subscribed for with and without the support of subscription rights with an issue amount of SEK 21 150 845.40, corresponding to approximately 126.3 percent of the Rights Issue. Thus, the Rights Issue was oversubscribed, and no guarantee undertaking will be utilized. BoMill will receive a total issue amount of approximately SEK 16.8 million before transaction costs through the Rights Issue.