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good afternoon jim, and happy new year to you, seems like a great start to 2008, we might just make the slogan "$8 in 2008"
here is an excellent writeup on the Veolia Swordfish:
http://veoliaes-is.com/ExtractServlet?Company=veoliaes-is&id=VO_Vessel_Line_Sheets.pdf
(very end)
and would you look at that, the vessel will have a 150-Ton hydraulic offshore Active Heave Compensated Knuckle Boom Crane
incredible the way management continuously demonstrates the value of this companies products and where they are taking this company, in a sector that is projected to grow exponentially in the next 10 years.
Nice NEWS
with a patent pending and a price tag of a minimum of $1.4 million dollars, and clients like Veolia, this is going to be a major growth year.
"Deep Down expects to sell additional LARS units of this class with an average minimum sales price of approximately $1.4 million each, depending on individual custom-engineered features and capabilities as requested by our clients."
http://biz.yahoo.com/prnews/080102/law054.html?.v=101
link to Veolia website:
http://veoliaes.com/Home
Huge NEWS
Wow that is great NEWS, "Deep Down Delivers Deepest Rated LARS in the World"
with a patent pending and a price tag of a minimum of $1.4 million dollars, and clients like Veolia, this is going to be a major growth year.
"Deep Down expects to sell additional LARS units of this class with an average minimum sales price of approximately $1.4 million each, depending on individual custom-engineered features and capabilities as requested by our clients."
http://biz.yahoo.com/prnews/080102/law054.html?.v=101
link to Veolia website:
http://veoliaes.com/Home
major player in the industry buying our products, wow get ready :)
i certainly don't doubt that Veolia purchased the "package deal" :)
Wow that is great NEWS, "Deep Down Delivers Deepest Rated LARS in the World"
with a patent pending and a price tag of a minimum of $1.4 million dollars, and clients like Veolia, this is going to be a major growth year.
"Deep Down expects to sell additional LARS units of this class with an average minimum sales price of approximately $1.4 million each, depending on individual custom-engineered features and capabilities as requested by our clients."
http://biz.yahoo.com/prnews/080102/law054.html?.v=101
link to Veolia website:
http://veoliaes.com/Home
major player in the industry buying our products, wow get ready :)
here is the PR on the Veolia Swordfish Vessel
http://biz.yahoo.com/bw/071210/20071210005652.html?.v=1
Veolia Environmental Services Invests in State-of-the-Art Marine Vessel
Monday December 10, 9:29 am ET
New Ship Strengthens Veolia Environmental Services' Capabilities in Marine and Sub-Sea Operations to Offer New Deepwater Services to Oil and Gas Customers Worldwide
LOMBARD, Ill.--(BUSINESS WIRE)--Veolia ES Industrial Services is pleased to announce the addition of the DSV MT-6016 vessel—named the Swordfish—to its growing Marine Services Group. Designed with cutting-edge technology, the new ship was custom-designed to allow Veolia Environmental Services to take on more complex sub-sea construction and dive-support projects. The vessel is currently at port in Galveston, Texas, and will be deployed during the month of December. The Swordfish will initially be assigned to a contract Veolia Environmental Services has with Chevron’s Houston-based hurricane restoration team working in the Gulf of Mexico.
Veolia ES’ Marine Services Group, which includes a fleet of dive support vessels, undersea remote operated vehicles and highly qualified diver-technicians, is expected to grow from $7 million in revenue in its first year (2005) to well over $100 million in 2007.
Mr. Denis Gasquet, Chief Executive Officer of Veolia Environmental Services, stated: “The Swordfish will be the fifth vessel in our Marine Services fleet and will strengthen our “deepwater” capabilities to serve offshore oil and gas customers in the Gulf of Mexico and around the globe.” He added: “This strategic investment affirms our capacity to offer marine and sub-sea services that combine high-tech performance with safety.”
The Swordfish was designed by Marin Teknikk and built by Kelven Verft in Norway. It was designed to maximize deck and work space for equipment, materials and supplies and is spacious enough to comfortably house over 100 diver-technicians and personnel.
Onboard the 103.7-meter-long Swordfish, crews will travel at up to 16 knots and take advantage of the ship’s cutting-edge technology, including a moon pool launch and recovery area, and a 150-ton, heave compensated crane designed to help keep loads stable even in heavy seas. The ship will also have a 1,000 foot-rated saturation diving system, which is currently under construction by VES Marine Services in Appleton, Wisconsin.
Veolia Environmental Services North America Corp., headquartered in Lombard, IL, offers fully integrated environmental solutions to virtually all industrial, commercial, municipal and residential sectors. It is part of the Veolia Environmental Services (VES) group, the only global manager of liquid, solid, non-hazardous and hazardous waste; on-site waste processing, industrial cleaning and process maintenance; and recycling, recovery and disposal for both the public and private sectors. VES has over 80,000 employees in 33 countries and posted revenues of $9.8 billion in 2006. Veolia Environnement (NYSE:VE - News), the parent of VES, with operations in water, waste, energy and transportation management, has more than 300,000 employees in 64 countries and recorded revenues of $37.7 billion in 2006. For more information, please visit www.VeoliaES.com.
Veolia Environmental Services, the division of Veolia Environnement in charge of waste management business, is the only provider of a full range of services for hazardous and non-hazardous solid and liquid waste all over the world. The company provides waste management and logistics services (collection, pipe systems maintenance, cleaning, waste flow management), as well as materials recovery and recycling. Veolia Environmental Services generated revenue of €7.4 billion in 2006. www.veoliaes.com
Veolia Environnement is world leader in environmental services. With more than 300,000 employees the company has operations all around the world and provides tailored solutions to meet the needs of municipal and industrial customers in four complementary segments: water management, waste management, energy management and freight and passenger transportation. Veolia Environnement recorded revenue of €28.6 billion in 2006. www.veolia.com
Contact:
Veolia Environmental Services North America, Lombard
Denisse Ike, 630-218-1751
denisse.ike@veoliaes.com
or
On ideas
Denise Graham, 904-354-2600
denisegraham@onideas.com
--------------------------------------------------------------------------------
Source: Veolia Environmental Services
HUGE NEWS
wow this management team really knows how to keep outdoing itself. incredible NEWS, this is the makings of much more to come and patent IS pending.
The Offshore Technology Conference for 2008 (or OTC 08)is going to be held in Houston this year, and the going theme is "Waves of Change."
http://www.otcnet.org/2008/
This will be the place where the best of the industry gather in hopes of exhibiting the new products they have to offer. There is also going to be a "Spotlight on New Technology award" which must be a new and innovative product, less then two years old and the application will cost $2,000 per application.
It's nice to see Deep Down Inc. has already secured a spot in the Sold Out Reliant Center, with space only available in the OTC Pavilion now.
Some statistics on the type of people that visit this event:
Attendee Job Classifications
Officer/Director ------------------------ 20.59%
Manager/Supervisor/Foreman ------------- 33.04%
Consultant ----------------------------- 7.27%
Staff Engineer/Scientist --------------- 16.09%
Professor ------------------------------ .30%
Purchasing ----------------------------- 3.17%
University Student --------------------- 2.31%
Other ---------------------------------- 17.23%
Exhibitors
Exhibition Net Square Footage in 2006: 529,700
Number of Exhibiting Companies in 2006: 2,381
Exhibiting Company Annual Sales Volume
Below USD 25 Million -------------------- 40.3%
USD 25 Million or More ------------------ 59.7%
Location of Exhibiting Company Headquarters
Non-North America ---------------------- 34.23%
North America -------------------------- 65.78%
i like the fact that we are sticking to our commitments of "providing these services from the initial field conception phase, through manufacturing, site integration testing, installation, topside connections, and the final commissioning of a project." With Baricon Systems, as one of our strategic alliances, Deep Down Inc. will certainly be recognized throughout the industry.
here is a Tensioner from Baricon:
http://www.baricon.co.uk/contents.htm
Directly from the last line of our Dec. 21, 2007 PR:
"Deep Down has in its possession a Baricon 30-ton, 4-track tensioner which is available for use in the Gulf of Mexico. Deep Down is presently booking commitments for its use."
http://biz.yahoo.com/prnews/071221/laf064.html?.v=30
some tax purpose sell offs going on now under the bid.
certainly can, and here is a picture of the one from our yard in houston:
i agree, and they are built to accommodate two or three men so they must be grand in nature, but still maintain the portability that offshore oil rigs demand.
great stuff, and certainly an asset to this company.
your welcome mtcinc, happy holidays to you and yours also.
fitting the pieces of the puzzle....
here is where the "two and three man ROV operating crews" would operate out of.
here is an official diagram from SeaEye's website:
www.seaeye.com
now here are some pictures courtesy of Mystic Krewe:
Control Container / Cabin:
Inside:
Launch and Recovery System (LARS):
i like this quote from Mr. Butler:
"An expansion of the ROV fleet can yield benefits beyond increased rental income, including increased service revenue from two and three man ROV operating crews and the opportunity to sell additional launch and retrieval systems ("LARS"). "
http://biz.yahoo.com/prnews/071218/latu103.html?.v=101
it will be great to start seeing these operations contributing to our service revenue.
thank you brikk, i most certainly did, and i hope everyone did.glad to be back. :)
hello all, glad to be back and glad to see what went on today, I hope that everyone had a great Christmas.got some catching up to do.
and then some, nice push here in the end of the day back up for fridays trading. news does like fridays around here.
this is just beginning to grow as a company, the growth factor here should escalate exponentially from now onwards, 2 acquisitions in 2007, 2008 will certainly be interesting.
looking very strong here into close.
yes it is very nice to see this bid action today. very healthy trading going on.
the truth is that Deep Down Inc. is growing at a tremendous rate, management took the PPS from 0.05 to where we stand today (even though this deserves to be much higher, but the market will adjust accordingly), we had 2 acquisitions in one year and our books are looking better then ever, 2008 is going to be very interesting.
that is certainly great NEWS to hear from Dahlman and Rose and to see that nothing has changed.
0.90 equals $63,000
wow look at the block trades coming through now.i like it.
this is an opportunity for many to add here along this range, look at the fundamentals, this PPS does not reflect the current value of the company. all this is is weak hands bailing and those looking for a break on some taxes.
exactly, just as quickly it will move up, then the flippers will be jumping in again, just the name of the game
will be back up again very easily, just a slight blip
o how thin it is
i like it <thumbs up>
looks like many are just waiting to hop in, this is going to be very interesting.
and the foundation that this downtrend has allowed us to build is great for the next point onward. great action here today and nice to see the way the chart is heading with so much room to grow.
yes we did and we are ready to go.
printing 1.36's
certainly are very low on shares, but it was expected, this was a low volume market maker manipulation take-down from the highs, so when we move we move.
2 hours until close
1.34 by 1.36 uting
yes it was ickyy