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SageWise

02/18/08 9:28 PM

#52401 RE: xZx #52400

brikk - your larger point is well taken. We could call'em all widgets for all I care:) DDI's been supplying winches by themselves to customers for some time now. IMO, with the LARS manufacturing capability, they have reached the next level - supplying full fledged systems to customers and not just components to other manufacturers. This is where margins can be substantial once the mass production "pump" is primed (which it is, now, IMO). This is especially true with LARS systems that are targeted to 4000m and beyond.
PR from early 2007:
http://www.smartbrief.com/news/aaaa/industryPR-detail.jsp?id=1CBF7DBB-C759-40AF-B7F7-1BD8C3832FAE

"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."