(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