Deep Down Announces New Distribution Agreement With Hach Ultra
PR Newswire "US Press Releases "
HOUSTON, May 5 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW) today announced it has entered into a distributor agreement with Hach Ultra, manufacturer of HIAC liquid particle counters, for its highly advanced GlyCount(TM) liquid particle counter and Portable Oil Diagnostic System (PODS).
The portable GlyCount(TM) liquid particle counter analyzes glycol fluids and coolants in bottle sampling and on-line modes. The new instrument provides rapid test results that are consistent with conventional laboratory microscope or liquid particle counter analyses. Accurate particle counting results are delivered in significantly less time than is required under traditional analysis practices. Instead of taking up to 30 minutes to take one reading of a sample, this instrumentation will allow a user to take three readings of a sample in as little as 10 seconds. This portable instrument delivers cleanliness results at the point-of-use under actual operating conditions, further reducing manpower and analysis time. Just as the GlyCount(TM) system is used in glycol oil-based fluid testing, Hach Ultra's portable PODS oil testing system is used to test hydraulic fluids, providing rapid and accurate test results, under NAS and ISO standards, for oil based fluids.
Ronald E. Smith, Deep Down's president and chief executive officer commented, "Umbilical fluids used offshore are required to be nearly particle free, and call for frequent analyses. Until now, this analysis was performed manually with a microscope and took up to 30 minutes per sample resulting in many hours of analysis time. We are pleased to have been chosen by Hach Ultra to market and sell these time saving units to the offshore/subsea market. With the GlyCount(TM) liquid particle counter, these same analyses are completed, in triplicate, within about 10 seconds. The GlyCount(TM) liquid particle counter is a natural fit with all of Deep Down's offshore services and products as it saves time, provides reliable results, and helps get projects back online quicker."
"In addition, these rapid fluid particle counting systems can be used to test both manually collected samples and in-line samples. Together with our Electrowave USA division, Deep Down intends to integrate this vital in-line monitoring capability into our marine vessel monitoring systems and offer clients real-time monitoring of their on-board fluid conditions. We believe such a time and money saving device will be in high demand within our market, and we will be demonstrating it, along with the rest of Deep Down's services and products, at this week's Offshore Technology Conference in Houston, Texas," Smith concluded.
For more information about the GlyCount(TM) and PODS liquid particle counters, and all of Deep Down's subsea/deepwater services and products, please contact our sales department at (281) 862-2201.
About Hach Ultra
Hach Ultra is a wholly owned subsidiary of Danaher Corporation, a Fortune 500 leader. With nearly half a century of expertise in analytical instrumentation, Hach Ultra delivers the best solutions in quality monitoring and process analytics worldwide. Our products are coupled with global service expertise for Beverage, Electronics, Life Sciences, Power Generation and Oil & Gas industrial applications. Hach Ultra service offices and authorized distributors operate in more than 80 countries. The company has four research and development centers located in Europe and the United States. Our research programs and innovation help our customers meet regulations and optimize quality throughout their processes.
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 Mako subsidiary serves the growing offshore petroleum and marine industries with technical support services, and products vital to offshore petroleum production, through rentals of its remotely operated vehicles (ROV), topside and subsea equipment, and diving support systems used in diving operations, maintenance and repair operations, offshore construction, and environmental/marine surveys.
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, http://www.electrowaveusa.com and http://www.makotechnologies.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.
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