Airthings ASA: Update on contemplated sale of business segment assets

08 Jul 2025 07:00 CEST

(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.

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