Airthings ASA: Update on contemplated sale of business segment assets

(Oslo, 8 July 2025) Reference is made to announcements on 29 April and 16 June 2025, regarding certain non-binding Letters of Intent (LOI) with, respectively, Firda and Zehnder Group, for a potential sale of the company’s business segment assets.

The Board and management of Airthings announced on 16 June 2025 that Airthings would not enter a definitive agreement with Firda and instead pursue with an LOI with Zehnder Group. While having engaged in a constructive process with Zehnder Group in the period since the latest announcement, the parties have acknowledged differing views on execution complexities and timing, and as a result mutually decided to terminate the discussions and the previously announced LOI. 

The company will now seek to re-engage its process with Firda, who previously has completed its due diligence reviews, with the target of signing a definitive agreement within a short time. The agreement can be submitted to an extraordinary general meeting for approval in August. Subject to due approval being obtained, completion will be expected to occur shortly thereafter, within the end of August 2025.

The Board has also decided to reschedule the Q2 2025 earnings release from 19 August to 27 August 2025.

For further queries, please contact:
Emma Tryti, CEO: ir@airthings.com
Helge Øien, CFO: ir@airthings.com

About Airthings

Airthings is a leading global technology company specializing in radon detectors and indoor air quality (IAQ) monitors for homes, businesses, and schools.

The award-winning technology, recognized by TIME’s Best Inventions, and the CES Innovation Awards, generates billions of environmental datapoints, from more than 1 million devices sold worldwide. Built on proprietary data, IAQ insight is presented through Airthings’ public radon map, and its hardware-enabled software offering, and through research in collaboration with world-leading research institutes.

With more than 80 percent of sales in North America, Airthings has established a strong foothold in one of the world’s largest markets, distributing through top-tier retailers such as Amazon, The Home Depot and Target.

For more information on Airthings’ comprehensive range of IAQ solutions and the benefits of healthy indoor air, please visit airthings.com.

This information is subject to the disclosure requirements pursuant to MAR Article 17 and Section 5-12 of the Norwegian Securities Trading Act.