![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Monday, June 04, 2007 10:11:26 PM
"The infrastructure we have in place has enabled us to increase our revenue over 63% from 2005 to 2006, after a 52% increase in the prior period"
"during the BP Aspen installation, a competitive version of Bell mouth failed allowing Deep Down the opportunity to develop a new type of latcher which was spring loaded....completely eliminating the need for divers both prior to and during the installation."
"Our management team has been involved in more umbilical installations then probably any other team in the industry. Our unique blend of drilling contractor, umbilical manufacturing, subsea engineering, and installation contractor experience has been effective in acting on behalf of the operator to ensure key hardware installation is performed in the most efficient and safe manner."
"Due to our ability to design and manufacture bend limiters in house, delivery time is greatly reduced....and have been designed with a simple and reliable hinged attachment system which significantly decreases installation time."
"umbilical splicing...allowed the King West project to save millions of dollars and months in delivery time by combining the existing BP Nile and BP King spare umbilicals."
"The Company’s customers include Shell; Amerada Hess; Marathon; ExxonMobil; Cal Dive; Devon; Anadarko; Texaco; Chevron; British Petroleum; Kerr McGee; Unocal; Noble Energy; Cameron and Aker Kvaerner, among others."
"The Company is not dependent on any one customer or group of customers."
"Deep Down has an established track record of introducing new products and product enhancements."
"We plan to meet our cash requirements in 2007 with cash generated from operations. We will continue to expand our product line offerings, and we are projecting to spend approximately $250,000 to expand our rental fleet and approximately $150,000 to develop new products."
http://www.secinfo.com/d19S19.u1k.htm
Recent KLNG News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/06/2024 08:05:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 08:05:14 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM