Flotation Technologies Bolsters Staff Towards New Innovations Flotation Technologies Brings on New Talent in Research & Development BIDDEFORD, MAINE - October 16, 2008 - Flotation Technologies, Inc., a Deep Down Inc. company (OTCBB: DPDW) and a global leader in deepwater buoyancy systems, today announced the hire of Mr. Thomas Kircher for the position of R&D Engineer. In this role, Mr. Kircher will lead the material science efforts at Flotation Technologies and will have responsibility for development of new buoyancy and elastomeric materials.
"I'm very pleased to have Tom join the engineering team," commented Peter Russell, Engineering Manager of Flotation Technologies. "Tom's extensive experience in testing and materials development will bolster the R&D staff's capabilities in material science as we move forward in meeting Flotation Technologies' strategic objectives."
Mr. Kircher brings more than twenty-five years experience in materials science to Flotation Technologies. Most recently he served as Senior Staff Metallurgist with Sermatech Industrial where he was responsible for the development of high-temperature diffusion coating processes. During his tenure, Mr. Kircher developed ten major diffusion processes from the trial phase to full-scale production. Mr. Kircher holds both a BS and a Masters Degree in Materials Engineering from Rensselaer Polytechnic Institute and has been awarded six U.S. patents.
"Innovation has always been a key piece of Flotation Technologies' strategic plan and much of the reason for our extraordinary growth," stated David Capotosto, President of Flotation Technologies. "Tom Kircher is a most welcome addition to the team and his hire marks a significant step forward as we continue to strengthen both our engineering and design staff. His expertise will prove invaluable as we continue in the development of new, proprietary products and materials."
About Flotation Technologies Flotation Technologies, Inc., a wholly-owned subsidiary of Deep Down Inc., (OTCBB: DPDW), is a world leader in the engineering, design and manufacturing of deepwater buoyancy systems using high-strength Flotec™ syntactic foams and polyurethane elastomers. Focused on the offshore oil, oceanographic, seismic and government markets, Flotation Technologies delivers world-class buoyancy products for a host of marine applications such as: distributed buoyancy for flexible pipes and umbilicals, drilling riser buoyancy modules, ROV buoyancy, QuickLoc™ cable floats, Hardball™ umbilical floats, FLOTECT™ cable and pipeline protection, Inflex™ polymer bend restrictors and installation buoyancy of any size and depth rating. For more information, visit www.flotec.com.
About Deep Down, Inc. Deep Down, Inc. (OTCBB: DPDW), a publicly traded Nevada Corporation, provides, through its wholly owned subsidiary companies, services and technologies used in deepwater offshore exploration and production of oil and gas. Deep Down's customers are predominantly integrated, large independent, and foreign national oil and gas companies throughout the world. For more information about Deep Down, please contact the company at (281) 862-2201 x250 or ir@deepdowninc.com.
Forward Looking Statements This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding our strategy, future operations, future financial position, future revenues, acquisitions, projected costs, prospects, plans and objectives of management are forward-looking statements. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. All of the information provided in this release is as of October 16, 2008 and Flotation Technologies undertakes no duty to update the information provided herein.
Market Data 
Markets 
AI
