i think we're getting a glimpse of the growing intellectual property of DPDW. just one more reason we're accruing such value imo. thanks for that DD, mazaniac.
"Flotation Technologies has never been a company to provide a 'Me Too' or off-the-shelf product. We provide products that are designed to fit our customer's specific needs – a philosophy that can be traced back to our Founder, David Cook, who, in many ways, changed the course of the entire Offshore Oil industry with his pioneering work with syntactic foam in the early 60's."
From a patent filed by Amoco Prod Co in 1973 "For a discussion of using flotation jackets around riser pipes, attention is directed to an article in the Offshore magazine, June 5, 1971, p. 33, entitled "Floating Riser Helps Extend Drilling to 1,700-ft Depths," by David Cook."
Despite such impressive growth, Flotation Technologies has remained in the hands of a tightly-knit group of family members. Tim Cook, the current president, is the son of the company's founder, David Cook. As Tim notes, his family has "put it all on the line" for this venture for nearly 30 years.
"Flotation Technologies began as a small family enterprise, primarily serving scientists engaged in oceanographic and earthquake research. In 2002, as energy prices rose sharply, interest in offshore exploration grew rapidly. Flotation Technologies' buoyancy products are crucial to support the miles of flexible piping needed to extract resources from the ocean floor."
March, 2001 Seed Grant Press Release Grants for 16 diverse projects have been approved by the Maine Technology Institute (MTI), according to Dr. Janet Yancey-Wrona, director.
2005 "The world’s largest manufacturer of oceanographic subsurface buoys for current meter studies and global climate change research, Flotation Technologies (www.flotec.com) also provides products for underwater robotic vehicles and offshore production and drilling." http://www.mainemep.org/press/pr2005NovFlotationTech.pdf
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