DPDW is innovation...
per the 5-18-07 PR:
-- The use of nine new Rapid Deployment Cartridges ("RDC") increased productivity for the installation of Steel Flying Leads ("SFLs") and greatly improved the ability to carry more SFLs on the deck of an installation vessel, saving valuable vessel time and reducing the number of trips to and from the dock. Deep Down can carry up to 18 SFLs within a very small footprint on the deck of a marine vessel with these RDCs.
-- The new Electrical Hydraulic Loose Tube SFLs for the Gomez project have been successfully installed. This new product innovation greatly extends the typical range for delivering electronic capabilities in SFLs up to 10,000 feet and reduces the need for infield umbilicals in certain applications.
-- The successful installation of umbilical bend stiffeners ("BS") on Independence HUB has established a new standard in the BS latcher design for ultra-high bending moment applications in water depths of 8,000 feet and deeper.
-- The successful support of one of the Company's significant customers in the provision of fast-paced seismic equipment reinforces our ability to forge positive alliances with companies that have similar product lines.
-- Deep Down's offshore remediation team was successful in unclogging an umbilical line for a customer with an immediate need.
-- Fabrication of a subsea multiphase flow meter running tool, which is undergoing System Integration Testing ("SIT") and about to be shipped offshore.
-- Several varieties of Subsea Hold-back clamps were delivered to an installation contractor to support their deep water efforts.
-- Recovery of an Acoustic Doppler Current Profiler ("ADCP") system with our equipment for the Thunder Horse project.
I challenge anyone to find another company trading on the OTC with this type of innovation and progress. of course DPDW will not be on the OTC for too long.
