Deep Down, Inc. is a Nevada corporation engaged in the oilfield services industry.
As used herein, “Deep Down”, “Company”, “we”,
“our” and “us” refers to Deep Down, Inc. and/or its
subsidiaries. Deep Down, Inc. (OTCQX: DPDW), a publicly traded Nevada corporation,
was incorporated on December 14, 2006, through a reverse merger with MediQuip
Holdings, Inc., a publicly traded Nevada corporation.
Deep Down is the parent company to the following directly and indirectly wholly-owned
subsidiaries: Deep Down, Inc., a Delaware corporation (“Deep Down Delaware”);
Deep Down International Holdings, LLC, a Nevada limited liability company (“DDIH”),
and Deep Down Brasil - Solucoes em Petroleo e Gas, Ltda, a Brazilian limited
liability company (“Deep Down Brasil”). Our current operations are
primarily conducted under Deep Down Delaware.
In addition to our strategy of continuing to grow and strengthen our operations,
including by expanding our services and products in response to our customers’
demands, we intend to continue to seek strategic acquisitions of complementary
service providers, product manufacturers and technologies that are focused primarily
on supporting deepwater and ultra-deepwater offshore exploration, development
and production of oil and gas reserves and other maritime operations.
We are a global provider of specialized services to the offshore energy industry
to support deepwater and ultra-deepwater exploration, development and production
of oil and gas and other maritime operations. While we are primarily a service
company, we also produce custom engineered products that assist us in fulfilling
service objectives for specific projects on a contractual basis. We design and
manufacture a broad line of deepwater and ultra-deepwater, surface and offshore
equipment solutions which are used by major integrated, large independent, and
foreign national oil and gas companies in offshore areas throughout the world.
Our products are often developed in direct response to customer requests for
solutions to critical problems in the field. We serve the growing offshore petroleum
and maritime industries with technical management and support services. One
of our greatest strengths is the extensive knowledge base of our service, engineering
and management personnel in many aspects of the deepwater and ultra-deepwater
industry.
Our goal is to provide superior services and products to our customers in a
safe, cost-effective and timely manner. We believe there is significant demand
for, and brand name recognition of, our established products due to the technological
capabilities, reliability, cost-effectiveness, timeliness of delivery and operational
efficiency features of these products. Since our formation, we have introduced
many new products that continue to broaden the markets we currently serve.
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