Wednesday, November 28, 2007 12:35:16 PM
from Matrix PR:
"Deep Down, Inc. (OTC Bulletin Board: DPDW) announced today that it has secured over $22 million in drilling riser flotation contracts for Matrix Asia Pacific Pty Ltd of Perth, Australia, and expects to close over $8 million in additional contracts within the next couple of weeks.
Deep Down has an exclusive agreement with Matrix to introduce their complete product line to the U.S. Market. These contracts establish Matrix as one of the world's premier suppliers of syntactic foam drilling riser flotation modules. These modules are used to provide buoyancy and reduce the weight of the riser string, thus allowing drilling in deeper depths with less tension.
looks like its all coming together now.
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