Deep Down Receives Orders Worth Over $2.0M For Custom Offshore Equipment and Services
DEEP DOWN INCORP (DPDW)
NASDAQ:AMEX Investor Relations:
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Source: GlobeNewswire
HOUSTON, Oct. 24, 2019 (GLOBE NEWSWIRE) -- Deep Down, Inc. (OTCQB: DPDW) ("Deep Down"), a specialist in complex deep-water oil and gas distribution equipment and services, today announced that it has received orders exceeding $2.0M from different customers, within one week. The orders are for Flying Leads, Riser Isolation Valve controls, and other offshore equipment and services, primarily destined for the Gulf of Mexico. All of the work is expected to be complete by the end of the first quarter of 2020. Charles Njuguna, president and CEO, stated, “These awards highlight the success of our efforts to expand the scope of our offerings to existing customers, and the early signs of increasing activity in the offshore industry.” About Deep Down, Inc. (www.deepdowninc.com)Deep Down focuses on complex deepwater and ultra-deepwater oil and gas production distribution system technologies and support services, connecting the platform and the wellhead. Deep Down's proven services and tech
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