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07/26/07 11:05 PM

#16488 RE: overtheedge #16487

more new clients are in this PR regarding Q1 orders:

http://news.moneycentral.msn.com/ticker/article.aspx?Symbol=US:DPDW&Feed=PR&Date=20070424&am...

The Company received a flexible pipe retrieval, termination, and installation contract from Saipem America, Inc., marking our continuing expansion into the flexible pipe market. Deep Down received an order from Bourbon Offshore, Inc. for electrical umbilical installation reels, demonstrating our growing support of West African offshore operations. Deep Down received an order from Oceaneering International for bend stiffener latchers for the Shell BC-10 project, further illustrating our support of operations in Brazil and our expanding international footprint. We also received a bend stiffener latcher order from DUCO for the Shell Perdido project, which employs our very unique technology that establishes our leadership in remotely operated vehicle (ROV) support of subsea umbilical appliances."

"We are currently completing orders from ODIM, AS, for geophysical equipment including streamer winches, storage winches, level wind assemblies, and overboard sheaves. In another exciting development, we are actively supporting a steel flying lead installation project at Independence Hub for Subsea 7 using our newly developed rapid deployment cartridges," added Ron Smith, Deep Down's chief executive officer.

Other important Company highlights include expansion into the wireline market with the overhaul of wireline trucks for Diamondback, support of the first synthetic rope heave-compensated winch in the Gulf of Mexico for ODIM, AS, and Deep Down's first contract to assist Technip in the Gulf of Mexico with the Bass Lite Field umbilical testing and flying lead support project.


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here are all the websites for the companies listed above:

http://investorshub.advfn.com/boards/read_msg.asp?message_id=21157021

DPDW's client list is already huge, and the PRs we've seen indicate it's growing fast... i'm looking forward to what's coming next.