HOUSTON, Jan. 8, 2015 /PRNewswire/ -- Deep Down, Inc.
(OTCQX: DPDW) ("Deep Down"), an oilfield services company
specializing in complex deepwater and ultra-deepwater oil
production distribution system support services announced today it
has received a large order for flying leads and ancillary equipment
directly from one of the supermajor operators. The flying
leads will be delivered and deployed in the Gulf of Mexico by the first quarter of
2016.
Ron Smith, Chief Executive
Officer of Deep Down, Inc. stated, "We are pleased to receive this
award on such a critical project and will continue to provide the
best quality and service to our customers."
About Deep Down, Inc.
Deep Down, Inc. is an oilfield services company serving the
worldwide offshore exploration and production industry. Deep Down's
proven services and technological solutions include distribution
system installation support and engineering services, umbilical
terminations, loose-tube steel flying leads (LSFL), installation
buoyancy, ROVs and tooling, marine vessel automation, control, and
ballast systems. Deep Down supports subsea engineering,
installation, commissioning, and maintenance projects through
specialized, highly experienced service teams and engineered
technological solutions. The company's primary focus is on more
complex deepwater and ultra-deepwater oil production distribution
system support services and technologies, used between the platform
and the wellhead. More information about Deep Down is available at
www.deepdowninc.com.
Forward-Looking Statements
Any forward-looking statements in the preceding paragraphs of
this release are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Investors are
cautioned that such forward-looking statements involve risks and
uncertainties and that actual results may differ materially from
those projected in the forward-looking statements. In the course of
operations, we are subject to certain risk factors, competition and
competitive pressures, sensitivity to general economic and
industrial conditions, international political and economic risks,
availability and price of raw materials and execution of business
strategy. For further information, please refer to the Company's
filings with the Securities and Exchange Commission, copies of
which are available from the Company without charge.
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SOURCE Deep Down, Inc.