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Perhaps the only reason they bought Electrowave was to acquire the proteus technology. It sure seemed they were excited to develop that at the time.
Whether that turns out to be a brilliant or bad a decision, time will tell. But either way, they must have thought it was worth the small price they paid.
NAVY & edit
VT Halter Marine, Inc., Pascagoula, Miss., is being awarded a $199,173,420 firm-fixed price modification to previously awarded contract N00024-06-C-2215, for Phase II detail design and construction of the T-AGM(R) Cobra Judy Replacement Ship. Work will be performed in Pascagoula, Miss., and is expected to completed by June 2010. Contract funds will not expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.
http://www.defenselink.mil/contracts/contract.aspx?contractid=3346
Cobra Judy Replacement (CJR)
The projected service life of the T-AGM(R) will be 30 years. The ship is required to be fully supportable within the current commercial and DoD supply chains. The ship will have the capability to conduct independent and unreplenished operations for up to 70 days with an operational range of at least 12,000 nautical miles at a sustained speed of 20 knots at 80% of the Maximum Continuous Rating (MCR).
The Navy plans to conduct the T-AGM(R) procurement in two phases. Phase I will contract for a concept/preliminary design with the award of only two firm fixed price contracts. Phase II was for detail design and construction of the ship. Award for Phase II will only be made to the Contractors who received a Phase I award. The planned date for release of the RFP was 1st Quarter, FY05 with planned date of award during the 3rd Quarter FY05. The RFP included a Performance Specification with radar and mission equipment Interface Control Documentation (ICD). The ICD would be updated during Phase I to reflect the mission system design development of the radar integrator. The deliverables submitted under Phase I will be evaluated along with each contractor¿s price proposal to determine the awardee for Phase II. On 29 November 2005 Bender Shipbuilding & Repair Co., Inc. was awarded contract N00024-06-C-2213, Marinette Marine Corporation was awarded contract N00024-06-C-2214, and Halter Marine was awarded contract N00024-06-C-2215.
http://www.globalsecurity.org/intell/systems/cjr.htm
Looks like they need a few more:
The ADCP buoy and integral handling frame is the primary component of the TAO Project's subsurface upper ocean current data collection mooring. The ADCP buoy is a spherical float that provides underwater flotation and has a special instrument well to mount the RDIffeledyne Workhorse Long Ranger ADCP. The integral frame is inserted through holes in the sphere and acts as the strength member and skeleton to support the flotation, as well as an attachment point to tether it to the bottom. The frame also provides mounting pads for attaching additional instrumentation for measuring salinity, temperature, and depth. The 5 new ADCP buoys & frames are needed for new deployment sites in the build-up of the Indian Ocean "RAMA" Observational Array. The current data from these moorings will be used to measure ocean climate processes with an emphasis on the Indian Ocean seasonal monsoonal cycle and the Madden Julian Oscillation, which can be a precursor for EI Nino in the Tropical Pacific. There will be a total of 12 ADCP mooring sites that will be maintained by the TAO Project in the Indian Ocean. These 5 buoys are scheduled for deployment in early 2010 and will be shipped to India in November of 2009. Items will be shipped using government bill of lading and must be delivered to NOAA Facility Seattle, WA by Oct 16, 2009.
Here is a picture of them placing the ADCPs in the Gulf
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37760951
And a you tube video.
I want to see DeepDown on CNBC.
That will get them some notice.
>>once you get into too many back and forth missives with the SEC, you know you're going to get hit with a penalty.
That sentence could lead readers to believe that DPDW was
somehow fined or penalized by the SEC. We all know there were never any fines or penalties levied by the SEC on DPDW.
So in short, you are not shackled to the cameras.
If I remember correctly, the cameras were in part to help investors understand the equipment fabrication end of the business. Part of the companies investor communications,
a bit unusual in that this is visual, rather than virtual.
So do you have a close up of 'pontoon'?
Four open top cylinders for deploying 4 cables?
A flat work deck for ROV tools, shackle pins and what have you?
Does it have devices in the corners for lowering and lifting?
What weighs that much and sits on an ocean floor besides sunken ships and submarines?
800 tons x how many?
Perhaps another "patent applied for" PR is in order.
Well that's just speculation on my part, but this company is certainly cutting edge on the sea floor.
How many miles down are those rigs working in Brazil's basins?
If the founders are "cashing out early and often" I would think we would have found the form 4's from $2.25, $1.25 and in between. We have checked multiple times, they didn't sell out or sell any at the early gains @ 2000%.
I bet we will hear how the owners are not "savvy traders".
Great find frankermel!
I especially like the partners list in your link, impressive.
Here is the gift wrapped link from the post I directed you to.
It contains a news story, a video filmed by a local TV station,
and several still photos from inside the Flotation Technologies plant. It is the link to the story YOU asked for.
http://www.wcsh6.com/news/local/story.aspx?storyid=105757&catid=2
Tie in? Link? oh ya
http://www.rdinstruments.com/pressrel/pr010604.aspx
OVER 30 INDUSTRY SPEAKERS TO PRESENT AT TELEDYNE RD INSTRUMENTS “ADCPS IN
ACTION” USER’S CONFERENCE, 5-7 NOVEMBER 2007, USA
On November 5-7, 2007, Teledyne RDI Acoustic Doppler Current Profiler (ADCP) and Doppler Velocity
Log (DVL) users from around the globe will converge in San Diego, California to share their field and
laboratory experience, attend product/software training, and catch up on the latest industry trends.
This 3-day event will once again be comprised of three simultaneous tracks including: flow measurement
applications; waves measurement and current profiling applications; and precision navigation applications.
To date, Teledyne RDI has secured over 30 industry experts and professionals to speak at this event,
supplemented by product/software training, a DVL integration seminar, customer forums, new product
launches, poster papers, and third-party solutions. As always, this conference will also include numerous
social events, allowing for ample networking opportunities.
http://www.oceanbusiness.com/OceanBuzz/issues/issue25.pdf
Working closely with Teledyne RD Instruments and ADCP users, Flotation Technologies remains the world’s leading supplier of turnkey products for ADCP mooring applications. In response to the demand for data in areas where fishing activity is a serious concern, Flotation Technologies developed a complete line of Trawl Resistant Bottom Mounts (TRBMs) for Teledyne RD Instruments ADCPs. From the Workhorse series to the largest NarrowBand™ and BroadBand™ Dopplers, Flotec™ TRBMs meet the needs of your application. Depending upon the specific requirements, acoustic recoverable systems are offered for deployment depths of up to 1000 meters.
http://www.flotec.com/products/trbms
ADCPs in Action returns to San Diego in 2009!
Event Schedule | Event Highlights | Cost to Attend | Social Events | Online Registration | Accommodations
Call for Poster Papers | Call for Sponsors
Catamaran San Diego
When: October 5-7, 2009
Where: The Catamaran Resort
3999 Mission Boulevard, San Diego CA
What: ADCPs in Action 2009 User's Conference/Product Training
ADCPs in Action is a forum that was conceived by Teledyne RDI back in 2000 to bring their community together for a lively exchange of information between ADCP/DVL users, industry experts, and third party manufacturers. 2009 will mark our 7th highly successful ADCPs in Action event.
http://www.rdinstruments.com/adcps_action/index.aspx
see photos, iBox, and search board for much much more info
hurricane stocks board (HSTOCKS)
http://investorshub.advfn.com/boards/board.aspx?board_id=5745
I named the photo "pontoon"
might be a work platform of some sort.
Very nice information Spec.
Thank-you for taking the time to transcribe that
presentation. Your are so right about the guidance given going forward. Impressive company in what they do and how they go about doing it.
Excellent work frankermel! I think you already answered it
They are gearing up (think FT expansion)
and letting us know why.
.......................................
Posted by: frankermel Date: Thursday, February 05,
Petrobas to get 33 New Rigs by 2012?
Saw it on Bloomberg early this morning
..........................................
Posted by: frankermel Date: Friday, May 29, 2009 9:55:02 AM
This why I am here:
Petrobras is expected to award the largest subsea tender in history, with 300 subsea trees and associated manifolds and hardware.
.........................................
Posted by: frankermel Date: Monday, February 16, 2009 1:13:42 PM
Steve Haag's Answers
Good morning Steve,
As a shareholder of DPDW for some time now, it is becoming apparent that the company is not openly communicating with shareholders.
There are no management updates, status of operations, or other communications that would assist shareholders in believing their investment is sound.
.................................
And some people feel the company is still not doing enough to
get attention.
He packed a lot into that 120 seconds.
Tom, I caught a glimpse of that truck, did you see if it went out loaded?
Looked like it was packed with commissioning equipment.
10bagger does not follow this one quite as closely as he once did. He announced here in May what his summer going forward
looked like.
I am very glad to hear his son is doing well.
Maybe with 10bagger in title line of this post he will stop by and give us his thoughts on T trades and what they might mean for DPDW. And perhaps explain "okay so why would some other MM sell at $0.127 below the bid?"
RubberNews.com
(Hi there Mr. Fox)
Flotation Technologies completes expansion
BIDDEFORD, Maine (June 11, 2009)—Flotation Technologies Inc. has completed an expansion of its Biddeford facility, which makes deepwater buoyancy systems out of polyurethane elastomers and syntactic foams.
The company said the project included adding enclosed shipping and receiving area and exterior work, and the expansion and related improvements will boost efficiency, safety and functionality of the plant. The cost of the project wasn’t given.
http://www.rubbernews.com/subscriber/headlines2.html?id=1244725182
Video: WCSH6 Portland, Maine
" orders for that particular product have increased 4 fold over the previous year"
Flotation Technologies Expands In Tight Economy
BIDDEFORD (NEWS CENTER) -- In a time where a number of businesses are facing layoffs or even closures, it's comforting to know that there are some industries still untouched by the state of the economy.
Flotation Technologies is celebrating it's 30th year in business, but that's not all they have to brag about. They've recently opened up a new 500-foot expansion to their facility where they create foam products used by oceanographers, the military, even oil companies.
They boast a product that not many companies nationally or even globally can compete with. Because of that, in just two years, the company has doubled its workforce.
http://www.wcsh6.com/news/local/story.aspx?storyid=105757&catid=2
Very nice Sage. Now let's get that production rolling!
I believe Ron knows about upcoming sales and projections some time in advance.
The bid, specs, engineering discussions, they say these projects have a long lead time.
I speculate this was part of what Ron was talking about.
"Deep Down received its largest loose-tube steel flying lead order to-date for a deepwater oil & gas development off the west coast of Africa. With much of this development in more than 8000 feet of water, Deep Down's deepwater service team will supply more than 30 of its innovative loose-tube steel flying leads along with associated subsea components."
http://ih.advfn.com/p.php?pid=nmona&cb=1241439245&article=37550046&symbol=NB^DPDW
Can we put an end to it and consider it off topic?
Yes.
Until such time as it is brought up by the company itself,
or becomes relevant to DPDW.
You got me stumped, what's missing?
They all trade otc and have a market cap under $50 million?
* Joe gently nudges everyone back to the topic of DPDW Deep Down
DPDW installed a LARS on the ship and got invited to the "open boat" party.
Here is the post by dffhogs
#msg-36103248
Somebody mentioned the other day that it looked like they might be adding additional install crews. (it may have been you)
Looking back over the past month or so,
we have seen:
2 new tensioners
2 new HDUs
2 new lay chutes
and 2 pairs of those whatchas you call them on the truck
if it walks like a duck...
That looks like another HDU in the fab shop. Still unpainted though.
The new one looks like the hydraulic drive motor will be mounted on the front, outside the ring. I think that is a new design.
Form 10-Q ADINO ENERGY CORP For: Mar 31 05/15 12:12 PM
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6330266
Filed on: May 15, 2009
This news came up on a trader program today. It is a repeat but is stated differently.
Deep Down Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2009 05/15 10:39 AM
Deep Down Inc. (DPDW:$0.12,00$-0.01,00-7.69%) announced unaudited consolidated earnings results for the first quarter ended March 31, 2009. For the quarter, the company's revenues were $7,102,589, compared to $6,279,465 for the first quarter of 2008, for a 13.1% increase. The increase in revenues included $2.6 million from the acquisition of Flotation Technologies. Net loss for the quarter was $729,775 as compared to a net loss of $89,477 for the same period of 2008. Operating loss was $946,072 compared with operating income of $342,698 for the prior year quarter. Loss before income taxes was $995,098 compared with $358,813 for the prior year quarter. Net cash provided by operating activities was $3,935,526 compared with net cash used in operating activities of $543,444 for the prior year quarter. The company announced equipment purchases of $1,428,114 compared with $156,958 for the prior year quarter. The first quarter loss included a net loss from Flotation Technologies of approximately $300,000.
pictures: which spar is this one tbone?
Ah, you seen one you seen em all. By special
request I present a Lay Chute, in it's infancy...
Looks like the fab shop is building another overboarding or lay chute.
Mediterranean Shipping Company cargo container.
http://images.google.com/images?client=firefox-a&rls=org.mozilla%3Aen-US%3Aofficial&hl=en&q=Mediterranean+Shipping+Company&btnG=Search+Images&gbv=2