Deep Down Inc. Receives Flying Leads Orders

Deep Down Inc. has received orders totalling $3.7 million to supply flying leads to clients in the Gulf of Mexico and West Africa.

 The first order is for fourteen (14) steel flying leads and ancillary equipment. Delivery is scheduled for deployment in over 5,300 feet (1,615 meters) of water in the Gulf of Mexico in the second quarter of 2014. The second order is a long-term contract to supply flying lead installation support equipment and personnel; equipment and personnel will be mobilized in West Africa within the first few weeks of 2014 through the end of the third quarter of 2014.

Ron Smith, Chief Executive Officer of Deep Down, Inc. stated, “The confidence expressed in Deep Down to manufacture flying leads and furnish equipment and services on a long-term basis reaffirms the continuing interest that our products and services are generating in the deepwater domestic and international marketplaces.”

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November 19, 2013