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October 02, 2020

Worthington Industries Launches SmartLid™, an Innovative Propane Heating Tank Monitoring Solution

COLUMBUS, Ohio – Oct. 1, 2020 – Worthington Industries, Inc. (NYSE: WOR) announced the launch of SmartLid™—an innovative fuel tank monitoring solution designed to make tank monitoring implementation easier and more reliable for propane marketers.

“Tank monitors can have a positive impact on propane delivery businesses, but the installation process creates some real challenges for technicians,” said Bobby Weinberg, LPG Product Director for Worthington Industries. “We met with technicians in the field to understand what their biggest pain points were with implementing monitoring systems and designed the SmartLid with their input.”

SmartLid was developed in partnership with Montreal-based Otodata, a leader in tank monitoring technology. Its intuitive design ensures consistent and accurate placement of the monitor for optimal signal strength and enables faster installations, with minimal training, while increasing productivity by eliminating avoidable time in the field. SmartLid is equipped with Otodata’s dual SIM and LTE technology, enabling a broader and more reliable cellular coverage for accurate readings. It includes the longest battery life in the industry and a user-friendly app delivering real-time gas level data.  SmartLid, an extension of Worthington’s 200 and 420-pound heating tanks, is made from strong Polypropylene material designed to conceal and protect all components from external factors.

For more information regarding the Worthington Industries SmartLid, visit WorthingtonIndustries.com/SmartLid.

About Worthington Industries
Worthington Industries (NYSE:WOR) is a leading industrial manufacturing company delivering innovative solutions to customers that span many industries including transportation, construction, industrial, agriculture, retail and energy. Worthington is North America’s premier value-added steel processor and producer of laser welded products; and a leading global supplier of pressure cylinders and accessories for applications such as fuel storage, water systems, outdoor living, tools and celebrations. The Company’s brands, primarily sold in retail stores, include Coleman®, Bernzomatic®, Balloon Time®, Mag Torch® and Well-X-Trol®. Worthington’s WAVE joint venture with Armstrong is the North American leader in innovative ceiling solutions.

Headquartered in Columbus, Ohio, Worthington operates 52 facilities in 15 states and six countries, sells into over 90 countries and employs approximately 7,500 people. Founded in 1955, the Company follows a people-first philosophy with earning money for its shareholders as its first corporate goal. Relentlessly finding new ways to drive progress and practicing a shared commitment to transformation, Worthington makes better solutions possible for customers, employees, shareholders and communities. 
 
Safe Harbor Statement
The Company wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995 (the “Act"). Statements by the Company which are not historical information constitute "forward looking statements" within the meaning of the Act. All forward-looking statements are subject to risks and uncertainties which could cause actual results to differ from those projected. Factors that could cause actual results to differ materially include risks, uncertainties and impacts described from time to time in the Company's filings with the Securities and Exchange Commission, including those related to COVID-19 and the various actions taken in connection therewith, which could also heighten other risks.

About Otodata
Founded in 2008, Otodata designs, develops and manufactures award-winning tank level monitors, an inventory management portal and a mobile app for fuel providers across North America. Otodata’s unique low-cost monitor solution makes large-scale deployment affordable for all fuel providers.