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jdsgungho

Re: JoeSmith post# 87424

Monday, 03/23/2009 8:08:41 PM

Monday, March 23, 2009 8:08:41 PM

Heres another, now remember when I had told you last year that DPDW wanted to make their own J-plates? Our j-plates can also be used with any other companys flying leads,morays ect... Flying leads are a DPDW speciality , one That i believe will be another big service and sales producer

Posted by: JoeSmith Date: Thursday, April 03, 2008 6:01:36 PM
In reply to: jdsgungho who wrote msg# 59263 Post # of 87426

So true jds, and your post dovetails nicely with this question by Mrbojangles to Steve Haag.

http://investorshub.advfn.com/boards/read_msg.asp?message_id=28126153

Here are some quotes:
"This is a great question and one that is extremely important to understand. Deep Down is a service-minded company that develops technological solutions to help get done what its customers need. So, for example, the Moray(TM), which is at the terminal end of a steel flying lead and connects the J-plate to the wellhead, was developed by Ron Smith with certain ingenious enhancements to better address underwater installations with ROV's. These types of innovations then typically become products that are desirable to a wide range of customers with similar installation challenges.

So, to answer your question, YES! Not only does Deep Down make money with installation management and service, it is DDI's core business. Ron Smith's vision is to provide offshore E&P companies with senior-level experience and technological innovation to help them complete projects on-time, on-budget, and more safely.

Again, great question, and understanding this fact about Deep Down will help one understand that our service business drives our technological innovations."