This unique and interesting company has recently come to our attention, and may be of interest, for their technology, for their business model, and as a potential business partner and/or investment.
( This summary was adapted from company materials.)
Bomin is a privately-held Swiss-American company that develops, makes and sells Intelligent Energy Systems for buildings. Sales have grown from $2M in 1994, when the Company was formed, to $9.7M in 1997 (average growth rate of more than 64%). Sales were $12.6M in 1998, and are expected to continue growing at more than 30% a year.
Bomin was initially established in the mid-80’s as a developer of technology. Results are now moving into the market, and the company is evolving into a broad based platform for commercialization of innovative energy-related products through an international network of business partners. Bomin’s executive team combines international expertise in business operations, corporate finance and technology commercialization.
Bomin’s products improve efficiency and benefit the environment in three market segments:
– Intelligent Lighting – daylighting and controlled lighting systems, which bring sun or natural daylight into buildings and control the use of artificial light;
– Intelligent Heating – solar thermal-based products, which harness the sun for heating, ventilation, air conditioning, cooling and power generation; and
– Intelligent Control – hardware and software products which improve energy efficiency in pumps, co-generation units and other energy consuming devices.
Bomin is also bringing to market a pipeline of proprietary breakthrough technologies developed in their German and US labs.
– HEATPULSE is a stirling engine that uses mid-temperature waste heat from power generators or industrial processes, or from biomass.
– SUNPULSE is a low-temperature stirling engine developed for application in a solar-powered water pump and a refrigeration and air-conditioning system, for use throughout the developing world.
The company is seeking to raise additional capital to increase sales and marketing of existing products, enable the purchase of several identified acquisition candidates, and further product development and commercialization. An offering memorandum will be provided to qualified parties.
I also have an 13 page Executive Summary (Word document) that I can send on request.
A great deal of information is available from the company’s website at
UFTO’s Contact: Nicholas Parker, Chairman ( in Toronto)