News

06/15/10 - Deep Down Provides Update on its Operations in Gulf of Mexico

Deep Down, Inc....today commented that the recently announced 180-day moratorium on exploration drilling in water depths in excess of 500 feet in the Gulf of Mexico (the “Drilling Moratorium”) has had no material negative impact on our current operations.

05/25/10 - Deep Down Confirms Receipt of Order for Subsea Hardware

Deep Down, Inc..... today announced it has received the purchase order for the previously announced LOI (April 22, 2010).

05/20/10 - Deep Down Granted Patent on Innovative Subsea Umbilical Technology

Deep Down, Inc. ... today announced a patent on a novel subsea umbilical-splicing technology that looks to provide new alternative solutions for oil and gas distribution systems.

05/3/10 - Deep Down to Acquire Cuming Corporation; Names Gay Stanley Mayeux Chief Financial Officer

Deep Down, Inc., ... today announced entry into a conditional purchase agreement to acquire Cuming Corporation (or “Cuming”).

05/3/10 - Cuming Corp to be Acquired by Deep Down

Cuming Corporation,... today announced that it will be acquired by Houston-based Deep Down Inc. (OTC Bulletin Board: DPDW).

04/23/10 - Deep Down Begins Construction of a New 3,200 Metric Ton Carousel System for Deepwater

Deep Down, Inc. today announced that it has completed the design and has begun construction of a 3,200 metric ton Carousel System, which is scheduled for completion early in the third quarter of 2010.

04/22/10 - Deep Down Receives $4 Million Letter of Intent for Surface and Subsea Hardware

Deep Down, Inc. today announced it has received a Letter of Intent (LOI) for an order valued in excess of $4 million for installation equipment, surface and subsea hardware in West Africa; the majority of the work is to take place in the third quarter of 2010.

04/12/10 - Deep Down Names New Independent Board Member

Deep Down, Inc. today announced that Mark R. Hollinger has joined its Board of Directors, effective April 12, 2010.

02/8/10 - Mako Technologies and AGR Subsea Sign Representation Agreement

Deep Down Inc announced today that its wholly-owned subsidiary Mako Technologies LLC (“Mako”) has signed a representation agreement with AGR Subsea Ltd (“AGR Subsea”), the trenching and excavation subsidiary of AGR Group (OSE: AGR).

12/18/09 - Deep Down’s Intellectual Property Continues to Grow

Deep Down, Inc. today announced that its wholly-owned subsidiary, Flotation Technologies, has been awarded a patent number US 7,628,665 B1 by the United States Patent and Trademark Office for "Drilling Riser Buoyancy Modules". In general, the granted patent provides broad protection for the design of the CoreTec™ Drilling Riser Buoyancy Module.

12/15/09 - Deep Down Secures Two New Contracts for $4 Million

HOUSTON, TX – December 15, 2009 – Deep Down, Inc. (OTC BB: DPDW), today announced the signing of two contracts in excess of $4 million for work in West Africa. These contracts, for buoyancy products made by our subsidiary Flotation Technologies, Inc. and umbilical services at Deep Down’s Channelview, Texas facility, will be completed over the first half of 2010.

11/17/09 - Deep Down Announces Third Quarter Results

Deep Down, Inc. announced today unaudited results for the third quarter ended September 30, 2009.

10/21/09 - Deep Down Announces 30-Year Anniversary of Flotation Technologies

Deep Down, Inc. announces the 30th anniversary of Flotation Technologies, Inc., a wholly-owned subsidiary.

10/7/09 - Deep Down Receives Another Order on West Africa Project

Deep Down, Inc. announced today that it has been awarded a contract in excess of $600,000 to provide Steel Tube Flying Lead (SFL) installation equipment to a European Installation Contractor for a project scheduled for late 2009 or early 2010 off the coast of Ghana, West Africa. This award comes on the heels of the previous Deep Down award for 39 Steel Tube Flying Leads (SFL) from the Operator of the same project announced on May 4, 2009.

09/30/09 - Deep Down, Inc. Manufactures Largest Buoyancy Modules for Gulf of Mexico Deep Water Project

Deep Down, Inc., a leading offshore service and technology company providing innovative subsea solutions for the world’s energy and offshore industry, today announced an approximate $1million order for the manufacture of 70 metric tons of buoyancy products for a major project in the Gulf of Mexico, with delivery slated for early 4th quarter 2009.

09/9/09 - Deep Down Announces Appointment of New Chairman of the Board

Deep Down, Inc. announced today that its Board of Directors has accepted the resignation of Mr. Robert E. Chamberlain, Jr. as Chairman of the Board and Chief Acquisitions Officer, effective September 1, 2009.

08/21/09 - Deep Down Announces Second Quarter Results

Deep Down, Inc. announced today unaudited results for the second quarter ended June 30, 2009.

07/29/09 - Deep Down Announces Support for SSAS Military Contract

Deep Down, Inc. announced today that it has been asked to support Amnor Technologies, Inc.’s fulfillment of a purchase order from VT Halter Marine for the manufacture and installation of a Security and Safety Alarm System (“SSAS”) for US Navy TAGM Missile Range Craft

07/1/09 - Deep Down Expands Presence in Brazil

Deep Down, Inc., a global leader in offshore deepwater products and services for the oil and gas industry, today announced the engagement of Marcelo Lardosa as Business Development Officer.

05/14/09 - Deep Down Inc Announces First Quarter Results

Deep Down, Inc. announced today unaudited results for the first quarter ended March 31, 2009.

05/4/09 - Deep Down receives Deepwater Project Orders

Deep Down, Inc. today announced receipt of subsea service and technology orders for deepwater oil and gas fields in West Africa and the Gulf of Mexico (GOM).

04/20/09 - Deep Down S-1 Registration Declared Effective

Deep Down, Inc. today announced that its registration statement on Form S-1, registering approximately 57 million shares of its common stock,

04/3/09 - Deep Down Expands Sales Organization

Deep Down, Inc.today announced it has expanded its sales organization to support the substantial growth the Company is experiencing.

03/24/09 - Deep Down Awarded Patent for New Subsea J-Plate Design

Deep Down, Inc. today announced that it has been awarded a patent [number 7,467,662 B2] by the United States Patent and Trademark Office.

03/19/09 - Deep Down Reports 84.5% Increase in Revenue

Deep Down, Inc. today commented on its results of operations for the year ended December 31, 2008, reported on Form 10-K and filed on March 16, 2009 with the Securities and Exchange Commission.