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SageWise

07/11/08 2:58 PM

#71406 RE: JoeSmith #71405

Wonder if it's a horizontal version of a Proteus:
http://www.reuters.com/article/pressRelease/idUS225619+07-Feb-2008+PRN20080207
"Our Proteus design continues to exceed customer specifications. We are
now capable of producing Proteus systems on a mass production level. In
addition to the original vertical design for lighter load applications, we can
also deliver a horizontal, scaled up, higher tension version of our active
heave compensation system to augment Abandon and Retrieval winches in the
50-100 ton range.
We envision these Proteus units selling from $500,000 for
the smaller units up to $1.5 million each for the larger applications," says
Ronald E. Smith, Deep Down's President & CEO.
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The Shadow

07/11/08 3:14 PM

#71408 RE: JoeSmith #71405

WOW, starting to get a little crowded in there! I see dollars. Lots of them.