BoMill signs follow-up agreement worth EUR 190,000 with leading brewery group AB InBev

BoMill AB has signed a follow-up agreement worth EUR 190,000 with the leading global brewing group Anheuser-Busch InBev. Following an evaluation period, the group decided to purchase the BoMill InSight™ solution for an installation in Mexico.

Anheuser-Busch InBev (AB InBev) is the world’s largest brewery group and a leading malt producer across various continents. Headquartered in Belgium, the group operates in nearly 50 countries to produce and market over 500 beer brands such as Budweiser, Corona and Stella Artois. In May 2023, AB InBev signed an agreement worth SEK 1.0MSEK for the rental of BoMill InSight™ with the option to purchase the solution at the end of rental period (Press release – May 23, 2023). The objective of the initial agreement was to evaluate the solution for potential future investments.

The extensive trial, carried out during the rental period, confirmed the performance and reliability of BoMill InSight™. As a result, the solution was approved by the group which decided to exercise its option to purchase BoMill InSight™ for an installation in Mexico. The value of the follow-up agreement is about EUR 190,000, making a total value of approximately EUR 278,000 (including the rental cost) for the purchase of the BoMill InSight™ solution.

“We are excited about this agreement and eager to support AB InBev, deepening our collaboration through this first installation”, said Andreas Jeppsson, CEO of BoMill AB.

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 September 12, 2024, at 07:30CET.

For more information about BoMill, please contact:

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

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.