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, distributed and drill riser buoyancy, ROVs and ROV tooling, as well as marine vessel automation, control and ballast systems.

Deep Down, Inc’s current strategy is to consolidate offshore industry service providers, including designers and manufacturers of subsea, surface and offshore rig equipment in deepwater exploration and production of oil and gas worldwide.

Share Structure (as of 4/26/2011)
OS: 206,399,155
Float: 109,640,138
Authorized: 490M 
Transfer Agent: Standard Registrar & Transfer Co., Inc. 12528 S. 1840 East Draper, UT 84020 (801) 571-8844

 Acquisitions

Electrowave USA - 1st Acquisition - completed as of Q2, 2007 (renamed - Deep Down Marine Technologies in March of 2010)
 
Electrowave USA's Client List  EW client webpages View of the EW buildings at Deep Down #msg-28169531 EW Photo Gallery
more DD #msg-26911736 http://www.deepdowninc.com/Press/2007/news_04-03-07.htm
USCG Mackinaw specs #msg-25191425
Machinery Plant Control and Monitoring Systems(MPCMS) .#msg-26504767 .#msg-27182407

Mako Technologies - 2nd Acquisition - completed as of Q4, 2007
 

Mako onsite visit     . #msg-23814346 . #msg-23814444 . #msg-23814485 . #msg-23814510
photo: Mako's facility  Mako Technologies DD #msg-22900588 

Flotation Technologies - 3rd Acquisition - completed as of Q2, 2008
 

Deep Down Design Studios - Digital Energy Corporation became a fully owned unit of Deep Down, Inc. to form Deep Down Design Studios (DDDS) in July of 2008

 DDDS Blog - DDDS YouTube Channel

Cuming Flotation LLC -  J/V partnership completed as of Q4, 2010

Cuming Flotation Technologies, LLC through its operating companies Cuming Corporation and Flotation Tech LLC offers syntactic foam buoyancy and insulation products for offshore oil exploration and production. The companies offer the widest range of advanced materials, products, and services available in the industry, along with unmatched support from a worldwide network of factories, sales offices, and field service facilities. (Deep Down Inc owns 20% of CFT and has a mgmt services contract that compensates DDI for administrative overhead)

Press Release regarding the formation of the J/V partnership

Cuming Corporation website
Flotation Technologies LLC website 

Older news and notable ihub posts

05/3/10 - Deep Down to Acquire Cuming Corporation
04/23/10 - Deep Down Begins Construction of a New 3,200 Metric Ton Carousel System for Deepwater
04/22/10 - Deep Down Receives $4 Million Letter of Intent for Surface and Subsea Hardware
04/12/10 - Deep Down Names New Independent Board Member
02/8/10 - Mako Technologies and AGR Subsea Sign Representation Agreement
Dec 18 09  Deep Down’s Intellectual Property Continues to Grow
Dec 15 09  Deep Down Secures Two New Contracts for $4 Million
Nov 17 09  Deep Down Announces Third Quarter Results
Oct 21 09  Deep Down Announces 30-Year Anniversary of Flotation Technologies
Oct  07 09  Deep Down Receives Another Order on West Africa Project
Sept 30 09 Deep Down, Inc. Manufactures Largest Buoyancy Modules for Gulf of Mexico Deep Water Project
Sept 09 09 Deep Down Announces Appointment of New Chairman of the Board
Aug 21 09 Deep Down Announces Second Quarter Results
July 29 09 Deep Down Announces Support for SSAS Military Contract
July 01 09 Deep Down Expands Presence in Brazil
May 14 09 Deep Down Announces First Quarter Results
May 04 09 Deep Down Receives Deepwater Project Orders
Apr 20 09 Deep Down S-1 Registration Declared Effective  (registration of stock from June 05 08 offering is finalized)
Apr 03 09 Deep Down Expands Sales Organization
Mar 24 09 Deep Down Awarded Patent for New Subsea J-Plate Design
Mar 19 09 Deep Down Reports 84.5% increase in Revenue
Feb 27 09 Deep Down Opens New Houston Corporate Headquarters  #msg-36925200
Jan 26 09 Deep Down Expanding Buoyancy Facilities To Serve Growing Deepwater Market
Nov 25 08 Deep Down Receives $11.1 Million Delba III Buoyancy Contract
Nov 18 08 Deep Down Announces 140% Increase in Revenues for the Third Quarter
Sept 10 08 Deep Down Announces SDB System Orders for $1 Million
Sept 08 08 Flotation Technologies to Exhibit at Rio Oil & Gas Expo 2008
Aug 25 08 Deep Down Expands ROV Staff Through Mako Technologies
Aug 20 08 Deep Down Announces 96% Increase in Revenues
June 5 08 Deep Down Receives Second $9.0 Million Order for Buoyancy 
June 5 08 Deep Down Sells $40 Million of Common Stock        List of Shareholders from PP
May 23 08 Deep Down Receives $9.0 Million Order for Buoyancy   
May 19 08 Deep Down Announces Record First Quarter Results 
May 09 08 Deep Down Announces $5.5 Million Buoyancy Order  #msg-29162725#msg-29398372#msg-29538894#msg-29807687
May 5, 08 Deep Down Announces New Distribution Agreement With Hach Ultra #msg-29036977 
April 17 08 Deep Down to Acquire Flotation Technologies#msg-28580813
April 11, 08 Deep Down Delivers Second 4000 Meter Rated LARS #msg-28419276 
Apr 08, 08 Standard & Poor's announced today that it has commenced Factual Stock Report coverage on Deep Down, Inc. #msg-28315485
April 7, 2008 Deep Down Delivers Next Generation Steel Flying Leads #msg-28261125
April 1 2008 Deep Down Announces 120% Increase in Revenue 10k #msg-28089328
March 27 2008 Deep Down Focuses on Investor Relations and Market Awareness #msg-27973090
March 25 2008 Deep Down Ships $1.5 Million of Innovative Subsea Hardware #msg-27904289
March 24 2008 Deep Down Announces Conversion of Series D Preferred Stock #msg-27869847 #msg-27881702 #msg-27879723
Feb 15, 2008 - Deep Down Announces $2 Million in Contracts for Innovative Solutions #msg-26849229
Feb 11 2008 -Deep Down Receives $1.5 Million in Steel Flying Lead Orders #msg-26720402
Feb 7 2008 - Deep Down Ships Proteus Active Heave Compensation Unit #msg-26634916
Jan 30 2008 - Deep Down, Inc. Ships Three BS Latchers #msg-26401882  #msg-26450412
Jan. 29, 08 Deep Down, Inc. Information to Be Available Through S&P Market Access Program #msg-26349976
Jan. 24, 08 Deep Down Hires Corporate Controller #msg-26244089
Jan. 22, 08 ElectroWave Appoints Lieutenant Commander Gregory Boucher President of ElectroWave #msg-26182513
Jan 9, 08 Deep Down Announces Funding of Mako Technologies Acquisition #msg-25850448
Jan 8 2008 - Deep Down Highlights Major Role of Horizontal Drive Units #msg-25814840
Jan. 2 2008 Deep Down Delivers Deepest Rated LARS in the World#msg-26685095 #msg-25681468

 

Presentation from Equatorial Africa
Deep Down's Client List    Graphic   Clients and Projects

 Aerial View of Deep Down

Aerial View of Mako Technologies

Aerial view of Flotation Technologies

What this Technology Looks Like

.

LARS3000m #msg-26307105                    LARS4000m ...#msg-26685095                  Loose Steel Flying Lead                     Proteus AHC #msg-26634916 

               LARS Launch and Recovery System 

• ---

                S.A.M                            Cylindrical Drift          Proteus AHC     Bend Stiffener Latcher
            

  ---

     ADCP Buoy                 RetroBuoy            Distributed buoyancy

           
  

• ---

  Flying Lead Assembly      J-Plate
           .

  ---

• Loading Deep Sea Installation Equipment onto a ship
• Shell Perdido Spar
• BS Latcher Receivers and Messenger Wire Kits
• Fluid-compensated Debris Cover 
• ROV Launch and Control
  Proteus(TM) AHC (Active Heave Compensated in-line winch system) http://alien42.myjalbum.net/DPDW/slides/14.html #msg-26521933 #msg-26634916 . #msg-26641833 #msg-26521754 . #msg-26521933
• HDU (Horizontal Drive Unit)and Mini Carousel 
• BS Latcher #msg-26969186 #msg-26401882
• Equipment and facilities #msg-22141062 . #msg-22141125 . #msg-21738796
• Various Equipment Screenshots 
• EW Machinery Plant Control and Monitoring System (MPCMS)  more..
• LARS installed on Siem Swordfish
• LARS installed on Veolia Viking Poseidon

(Photos by Steve Jackson.)   #msg-36103248

Article by Ron Smith  http://www.touchoilandgas.com/steel-flying-leads-past-a52-1.html
History of the Offshore Industry#msg-28811934
An Aerial View of the Gulf's Oil Production: #msg-20184631

Company Executives
Ron Smith, President & CEO #msg-18137411
Eugene L. Butler, COB, CFO #msg-20210671

Intellectual Property / Patents and Patent Applications assigned to Deep Down Inc.

System and method for termination of an undersea umbilical - United States Patent Application 20060005970
Method and apparatus for installing an undersea umbilical - United States Patent 7467662
Compliant splice - United States Patent 7699353
Method and apparatus for manufacture of a non-helical subsea umbilical - United States Patent 7903914
Loose Tube Flying Lead Assembly - United States Patent Application 20100059229
Universal Method and Apparatus for Deploying Flying Leads - United States Patent Application 20110030966
Intelligent Distributed Controller - United States Patent Application 20100011356
Riser Tensioner Sensor Assembly - United States Patent 6869254

Patents assigned to Flotation Technologies

Drilling Riser Buoyancy Modules - United States Patent 7628665 

Patents assigned to Cuming Corporation

Rugged Foam Buoyancy Modules and Method of Manufacture - United States Patent 7121767
Subsea insulated pipeline with pre-cured syntactic elements and methods of manufacture - United States Patent 6827110
Subsea pipeline insulation - United States Patent 6058979

Company Officers