BoMill signs agreement of 1.0MSEK with global grain processor

BoMill AB has signed an agreement worth approximately 1.0 MSEK, with a leading multinational grain processing company. The agreement is part of a project evaluating BoMill InSight™ and covers a six-month rental period.

In line with its sustainability goals, the customer, a global group with grain processing activities in different parts of the world, is continuously looking for ways to reduce its environmental footprint while improving production efficiency. The innovative quality sorting of the BoMill technology, based on grains’ inner properties, has been identified as a technology with potential to support the group’s supply chain. By helping recover downgraded grain, in particular in developing markets, BoMill’s latest grain sorting solution - BoMill InSight™ - can further optimize the use of domestic production, reducing loss while further enhancing the quality of what is subsequently produced.

The order is part of a project evaluating the BoMill technology, at the industrial scale, to support further investments in the future. The value of the order is approximately 1.0 MSEK for a six-months rental period with the option to purchase the equipment at the end of the period. BoMill InSight™ will be installed in a grain silo in Latin America. The delivery is scheduled for Q3 2023.

“BoMill is very excited about the collaboration with such a leading player in the grain industry”, said Andreas Jeppsson, CEO of BoMill AB. “We are looking forward to fully supporting that first case and further exploring others together. This agreement, following the previous orders received for BoMill InSight™, shows that our focused sales and marketing approach towards selected key segments is delivering.”

This press release contains inside information that BoMill AB (publ) is required to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication on May 23, 2023, at 20:15 CET.

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

Andreas Jeppsson, CEO - Phone: +46 727 001 182 - E-mail: andreas.jeppsson@bomill.com  

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

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.

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