Airthings — Capital/Financing Update 2023

Jan 23, 2023

Airthings secures USD 8 million revolving credit facility

Airthings secures USD 8 million revolving credit facility

(Oslo, Norway – January 23, 2023) Airthings (AIRX), the global leader in air quality monitoring and energy-saving solutions, has expanded its sources of working capital financing with the establishment of a USD 8 million secured revolving credit facility (RCF) with Danske Bank.

The RCF will enable Airthings to continue to support the company’s growth ambitions across both the Consumer and Airthings for Business (AfB) segments. The new financing agreement has been entered on favorable commercial terms for a one-year period with annual renewal.

"We are pleased to have expanded our financing base with a credit facility that adds flexibility and supports our working capital requirements,” said CFO Jeremy Gerst in Airthings ASA. "The financing agreement with Danske Bank further strengthens our financial position and enables us to continue to pursue our growth objectives,” said Gerst.

For more information, please contact:

Jeremy Gerst - CFO

T: +47 455 11 103

E: jeremy.gerst@airthings.com

This information is considered inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

About Airthings

Airthings is a global technology company and producer of award-winning radon and indoor air quality monitors for homeowners, businesses, and professionals. Founded in 2008, Airthings is on a mission to ensure that people around the world recognize the impact of indoor air quality and take control of their health through simple, affordable, and accurate technology solutions while optimizing energy consumption in buildings. Airthings’ products have made radon detection and indoor air quality monitoring easy to deploy, accurate, and user friendly, and have received several accolades including the TIME's Best Inventions award and CES Innovation Award Honors. Headquartered in the heart of Oslo, Norway, and with offices in the US and Sweden the company has over 130 employees from more than 35 nationalities—and counting. To see the full range of Airthings indoor air quality monitors and radon detectors or to learn more about the importance of continuous air quality monitoring, please visit airthings.com