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DPDW Breakout. $1.40's printing.
How so fringe?
The "LITTLE BIRDIE" told me to go to bed. Night all.
Nice job DREAM.
P$D DREAM P&D.
LOL You crack me up hdog.
I have never owned one single share of this.
LOL Looks more like you were selling.
Amen bro!
LMAO!
Nice work clatity.
DPDW .98
LOL WOW serf you daman! Thanks.
Need to see .94 now.
We need serf to post a DPDW chart more often.
You should have posted that DPDW chart earlier. 90's printing now.
Thursday, September 27 2007 11:42 AM, EST
Deep Down Delivers Intelligent In-Line Winch System for Offshore Deployment
PR Newswire "US Press Releases "
HOUSTON, Sept. 27 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW) today announced it has delivered and installed the first of two active heave compensated in-line winch systems to Schlumberger, Inc.
Deep Down believes there is sufficient demand in the offshore market to support the development of a new line (Proteus(TM)) of custom-engineered active-heave compensated in-line winch systems to complement the Company's existing product and service capabilities. This equipment can be installed in-line on existing winch systems to add active heave compensation capabilities. Depending on the custom-engineered requirements of its customers, the Company expects to deliver these in-line systems at prices ranging from approximately $500,000 to $1,000,000 each. Due to proprietary and confidentiality considerations, the Company cannot disclose the price of these systems delivered to Schlumberger, Inc., nor the area of deployment.
Deep Down recently completed a project for Schlumberger, Inc. requiring the engineering and design of an intelligent control system to manage the recovery and deployment of equipment, machinery, and other payloads in subsea environments. Active heave compensation systems are installed on seagoing vessels and drilling rigs to reduce the heave, or vertical movement, that subsea payloads experience due to wave activity. They are typically used when precision well logging or drill hole monitoring operations are being performed, or for specific ROV operations. In many cases, it is critical to keep these payloads stable while the surface deployment vessel is moving vertically from large oceanic swells.
The system was designed to maintain vertical displacement of a subsea payload to within six-tenths of an inch even if the surface deployment vessel, or ship, is experiencing a heave of up to 30 feet. The control system monitors these vertical motions and compensates by releasing and retrieving the main winch to keep the payload essentially still.
"The development of our Proteus(TM) line of active heave compensated winch systems is a prime example of the opportunities that are available to us through the collaborative efforts of Deep Down and ElectroWave. We expect this collaboration to continue as we seek to meet the growing demands of our customers for solutions to challenges in ultra deepwater environments," commented Ron Smith, president of Deep Down.
About Deep Down, Inc.
Deep Down specializes in the provision of innovative solutions, installation management, engineering services, support services, custom fabrication, and storage management services for the offshore subsea control, umbilical, and pipeline industries. The company fabricates component parts of subsea distribution systems and assemblies that specialize in the development of subsea fields and tie backs. These items include umbilicals, flow lines, distribution systems, pipeline terminations, controls, winches, and launch and retrieval systems, among others. Deep Down provides these services from the initial field conception phase, through manufacturing, site integration testing, installation, topside connections, and the final commissioning of a project. The Company's ElectroWave subsidiary offers products and services in the fields of electronic monitoring and control systems for the energy, military, and commercial business sectors. ElectroWave designs, manufactures, installs, and commissions integrated PLC and SCADA based instrumentation and control systems, including ballast control and monitoring, drilling instrumentation, vessel management systems, marine advisory systems, machinery plant control and monitoring systems, and closed circuit television systems.
The Company's strategy is to consolidate service providers to the offshore industry, as well as designers and manufacturers of subsea, surface, and offshore rig equipment used by major, independent, and foreign national oil and gas companies in deep-water exploration and production of oil and gas throughout the world. Deep Down's customers include BP Petroleum, Royal Dutch Shell, Exxon Mobil Corporation, Devon Energy Corporation, Chevron Corporation, Anadarko Petroleum Corporation, Marathon Oil Corporation, Kerr-McGee Corporation, Nexen Inc., BHP, Amerada Hess, Helix, Oceaneering International, Inc., Subsea 7, Inc., Transocean Offshore, Diamond Offshore, Marinette Marine Corporation, Acergy, Veolia Environmental Services, Noble Energy Inc., Aker Kvaerner, Cameron, Oil States, Dril-Quip, Inc., Nexans, Cabett, JDR, and Duco, among others. For further company information, please visit http://www.deepdowninc.com and http:///www.electrowaveusa.com.
One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Deep Down urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
SOURCE Deep Down, Inc.
Watch WEGI in January. It has had a run for the last four years in Jan.
You need to take that cat to the Vet. Soon!
DPDW usually has a run after trades like this. Watch for this tomorrow.
It' the OOICU812 BBQ sauce.
A POS? LOL
Hope it is but not worth the risk. If it walks like a duck and talks like a duck....what is it?
You know that it's a POS.
LOL. Tell us what you realy think.
I just gave you a person mark.
Good to see someone that pays attention. Nice post.
I am pretty new to the market. Bought my first shares last January. The pumpers I can usualy pick out. I know I may be getting off subject but the CEO's that PR buying back shares bother me more than pumpers. Almost every stock I have followed that PR share buy back shortly after dump millions or billions back on the AS. When I see a CEO mention share buy back I run. Would'nt you call these CEOs pumpers also? Are they not as liable as the other paid pumpers?
LOL and so will the 1.20 and 1.50 and 1.90 and 2.10 etc.
Weeeeeeeeeeeee!
Yikes!
Are you saying they have egg on their face?
Nice to see you signed up on ihub today. Welcome to ihub con.
DPDW up .105 with nice volume.
DPDW moving nicely.
TMEN is alive!
I love Lucy.
DPDW chart looking good. Williams crossed 50.
Yikes sorry serf I won't do that again. Please don't ban me.
LMAO!