Houston, TX (PRWEB) February 29, 2012
Deep Down, Inc. (OTC QB:DPDW), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, today announced the United States Patent and Trademark Office has issued a U.S. Patent for its “Loose Tube Flying Lead Assembly” US 8,100,182.
The Loose Tube Flying Lead Assembly offers the flexibility to utilize any OEM’s J-plates, the ability to transfer the finger load, which lightens the flying lead and gives the tubes more compliance at the couplers, higher axial strength, UV protection provided by the outer hose and integration of the outer hose into the bend limiters, providing the Moray® increased rotational compliance. As it can be difficult to install separate steel and optical flying leads in these lengths, Deep Down can combine these components in Electrical/Optical – Loose Steel Flying leads (EO-LSFLs) where the electrical and optical components are inside a steel tube up to 6,000 feet in length.
Ron Smith, Chief Executive Officer stated, “This patent follows on from Deep Down’s previous patent for the manufacture of a non-helical subsea umbilical, which is a fully transportable system that requires less time and equipment than typical construction techniques. These patents demonstrate our ongoing commitment to develop new technologies in response to the increasing specialized needs of our customers. We are pleased to offer a design that eases the installation of the umbilical and improves the overall efficiency of the subsea distribution system.”
About Deep Down, Inc.
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, buoyant solutions, ROVs and tooling, marine vessel automation, control, and ballast systems. Deep Down supports subsea engineering, installation, commissioning, and maintenance projects through specialized, highly experienced service teams and engineered technological solutions. The company's primary focus is on more complex deepwater and ultra-deepwater oil production distribution system support services and technologies, used between the platform and the wellhead. More information about Deep Down is available at http://www.deepdowncorp.com.
Any forward-looking statements in the preceding paragraphs of this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties in that actual results may differ materially from those projected in the forward-looking statements. In the course of operations, we are subject to certain risk factors, competition and competitive pressures, sensitivity to general economic and industrial conditions, international political and economic risks, availability and price of raw materials and execution of business strategy. For further information, please refer to the Company's filings with the Securities and Exchange Commission, copies of which are available from the Company without charge.