Deep Down Confirms Receipt of Order for Subsea Hardware
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HOUSTON, TX – May 25, 2010 – Deep Down, Inc. (OTCBB: DPDW) ("DEEP DOWN"), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, today announced it has received the purchase order for the previously announced LOI (April 22, 2010). The purchase order is in excess of $4 million for installation equipment, surface and subsea hardware in West Africa. The project is on schedule and delivery is still expected to be in the third quarter of 2010.
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