Deep Down (OTCBB: DPDW) Awarded $8 Million in Contracts

Austin, TX 4/17/12 (StreetBeat) -- Deep Down, Inc. (OTCBB: DPDW), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services today announced it has been awarded multiple contracts worth nearly 8 million dollars from a major international oil and gas operator.

Deep Down will design, fabricate, assemble, install and test control systems to operate flowline isolation valves on three platforms in the Gulf of Mexico. The control systems are designed with a service life of 25 years and to survive a 1,000 year storm. The system will connect the safety system on the platform to the control valves without the need for ROVs, allowing the valves to be closed in an emergency, stopping the flow of hydrocarbons. Engineering has already commenced at Deep Down's Channelview office with delivery by end of 2012.

Ron Smith, Chief Executive Officer of Deep Down, Inc. stated, "We are delighted to have been chosen to work on these important improvements to our customer's assets in the Gulf of Mexico. In the event of equipment failure, this system has been designed for vulnerable pieces of equipment to be easily retrieved and fixed in a minimum amount of time. The control system also has redundancy built in, thus allowing for the system to operate in the event of equipment failure."

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.

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Deep Down (OTCBB: DPDW) Announces Multiple Awards

Orlando, FL 2/1/12 (StreetBeat) – Deep Down, Inc. (OTCBB: DPDW), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, today announced it has been awarded multiple contracts for subsea hardware and deployment equipment orders worth in excess of $2.6 million. Two orders were placed by a major controls OEM and the third order placed by an international installation contractor.

Deep Down, Inc. will be manufacturing Umbilical Termination Assemblies (UTA), Flying Leads, Umbilical Termination Heads (UTH), Rapid Deployment Cartridges, Moray® and Flying Lead Deployment Frames; the majority of the work is scheduled to be completed in the first quarter 2012, with the remainder completed in the beginning of the second quarter 2012. The products and equipment will be used on three international projects in the Far East and Mediterranean and one project in the Gulf of Mexico.

The patent-pending Moray® Termination System contains a light-weight and compact termination head and very flexible steel tube bundle allowing for easy make up of the heads by the ROV on the ocean floor.

Ron Smith, Chief Executive Officer stated, "These awards continue to build upon Deep Down's expansion into the international oil and gas market. Deep Down continues to gain recognition outside of the Gulf of Mexico as a solution provider. By working with our customers, we are able to provide them with innovative cost effective solutions for their offshore projects."

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