Deep Down, Inc.

Communication Systems & Equipment

Deep Down Manufactures First Non-Helical Umbilical (NHU®)

HOUSTON - Deep Down, Inc. (OTC QB: DPDW) ( Deep Down ), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services today announced it has completed its first steel tube umbilical for a major oil and gas operator in the Gulf of Mexico.-  The umbilical, which is based on Deep Down's patented non-helical design, was tested...

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Packaging Products & Equipment

Deep Down Receives Two Large Carousel Orders

HOUSTON - Deep Down, Inc. (OTCBB: DPDW), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, today announced it has just completed the assembly and test running of its own 3,200 MT carousel located at Core Industries near Mobile, Alabama, and has recently been awarded two more large carousel contracts in excess of...

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Material Handling & Storage

Deep Down Delivers Intelligent In-Line Winch System for Offshore Deployment

HOUSTON, Sept. 27 / / - Deep Down, Inc. (BULLETIN BOARD: DPDW) today announced it has delivered and installed the first of two active heave compensated in-line winch systems to Schlumberger, Inc. Deep Down believes there is sufficient demand in the offshore market to support the development of a new line (Proteus(TM)) of custom-engineered active-heave compensated in-line winch systems to...

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Communication Systems & Equipment

Deep Down Manufactures First Non-Helical Umbilical (NHU®)

HOUSTON - Deep Down, Inc. (OTC QB: DPDW) ( Deep Down ), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services today announced it has completed its first steel tube umbilical for a major oil and gas operator in the Gulf of Mexico.-  The umbilical, which is based on Deep Down's patented non-helical design, was tested...

Read More »
Packaging Products & Equipment

Deep Down Receives Two Large Carousel Orders

HOUSTON - Deep Down, Inc. (OTCBB: DPDW), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, today announced it has just completed the assembly and test running of its own 3,200 MT carousel located at Core Industries near Mobile, Alabama, and has recently been awarded two more large carousel contracts in excess of...

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Mergers & Acquisitions

Cuming Acquisition Completed

New Joint Venture Formed HOUSTON, Jan. 3, 2011 - Deep Down, Inc. (OTC Bulletin Board: DPDW) ( Deep Down ), an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, today announced the formation of a new joint venture, Cuming Flotation Technologies, LLC (the JV ) with an affiliate of York Capital Management ( York ), for the...

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Mergers & Acquisitions

Deep Down Announces Funding of Mako Technologies Acquisition

HOUSTON, Jan. 9 - Deep Down, Inc. (BULLETIN BOARD: DPDW) today announced that it has closed on its anticipated additional $6,000,000 in debt financing with Prospect Capital Corporation to fund its acquisition of Mako Technologies, Inc. ( Mako ). Headquartered in Morgan City, Louisiana, Mako serves the growing offshore petroleum and marine industries with technical support services, and products...

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Mergers & Acquisitions

Deep Down Announces Acquisition of Mako Technologies

HOUSTON, Dec. 18 -- Deep Down, Inc. (BULLETIN BOARD: DPDW) today announced that it has signed a definitive purchase agreement to purchase Mako Technologies, Inc. ( Mako ). Headquartered in Morgan City, Louisiana, Mako serves the growing offshore petroleum and marine industries with technical support services, and products vital to offshore petroleum production, through rentals of its remotely...

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Material Handling & Storage

Deep Down Delivers Intelligent In-Line Winch System for Offshore Deployment

HOUSTON, Sept. 27 / / - Deep Down, Inc. (BULLETIN BOARD: DPDW) today announced it has delivered and installed the first of two active heave compensated in-line winch systems to Schlumberger, Inc. Deep Down believes there is sufficient demand in the offshore market to support the development of a new line (Proteus(TM)) of custom-engineered active-heave compensated in-line winch systems to...

Read More »
Mergers & Acquisitions

Deep Down Executes LOI to Acquire Mako Technologies

HOUSTON, June 21 -- Deep Down, Inc. (BULLETIN BOARD: DPDW) today announced it has executed a letter of intent (LOI) to acquire Mako Technologies, Inc. (Mako). Headquartered in Morgan City, Louisiana, Mako serves the growing offshore petroleum and marine industries with technical support services, and products vital to offshore petroleum production, through rentals of its remotely operated...

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Company News

Deep Down Participates in the Offshore Technology Conference

HOUSTON, May 11: Deep Down, Inc. (BULLETIN BOARD: DPDW) exhibited its unique deepwater oil and gas infrastructure installation support products and services at the 2007 Offshore Technology Conference (OTC) last week in Houston, Texas. We are quite pleased with the response at this year's show as customers were introduced to the new and expanded product lines now being offered by Deep Down,...

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Mergers & Acquisitions

Deep Down Executes Definitive Agreement to Acquire ElectroWave USA

HOUSTON, April 3: Deep Down, Inc. announced today it has completed due diligence and executed a definitive purchase agreement for the acquisition of substantially all of the assets of ElectroWave USA, Inc., a Texas corporation, an electronic monitoring and control systems development company operating in the energy, military, and commercial business sectors. Deep Down formed a wholly-owned...

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Mergers & Acquisitions

Deep Down Executes LOI to Acquire ElectroWave USA

HOUSTON, Jan. 22 -- Deep Down, Inc. (BULLETIN BOARD: DPDW) today announced it has signed a letter of intent to acquire ElectroWave USA, an electronic monitoring/control system designer and manufacturer serving the energy, military, and commercial sectors, located in Houston, Texas. We are excited to have an executed letter of intent to acquire ElectroWave, commented Ron Smith, Deep Down's chief...

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