Deep Down is hiring a Director of Business Development

HOUSTON, Dec. 13, 2021 (GLOBE NEWSWIRE) – Deep Down, Inc. (OTCQB: DPDW) (“Deep Down” or the “Company”), a specialist in offshore energy equipment and services, today announced the appointment of Mr. Russ McBeth as Director of Business Development, a new role within the company.

Mr. McBeth most recently served as Vice President of Business Development at Ion Pro Services, a pipeline solutions provider. Prior to joining Ion Pro Services, Mr. McBeth served as Director of Business Development at Dril-Quip, an onshore and offshore drilling and production equipment manufacturer, a position he was offered after holding various positions. progressive engineering and business development at TechnipFMC. Mr. McBeth has a Bachelor of Science in Mechanical Engineering from Texas A&M University.

“Russ brings to Deep Down over 25 years of diverse engineering, manufacturing, operations and business development experience, particularly in the subsea production industry,” said Deep Down President and CEO , Charles Njuguna. “While we have been largely successful in positioning our organization for expansion over the past two years, a key element in maximizing value for our shareholders is to achieve sustainable revenue growth. We are therefore delighted to add someone of Russ’s caliber and look forward to capitalizing on his diverse experience and extensive industry network.

About Deep Down, Inc. (
Deep Down is a leading energy service company providing subsea equipment and support services to the global energy and offshore industries. Deep Down provides innovative solutions to complex customer challenges presented between the production facility and the power source. Deep Down’s core services and technology solutions include distribution system installation assistance and engineering services, umbilical terminations, free-tube steel flying cables and related services. In addition, Deep Down’s highly experienced team can support submarine engineering, fabrication, installation, commissioning and maintenance projects located anywhere in the world.

Forward-looking statements
All forward-looking statements in the preceding paragraphs of this press release are made in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements involve risks and uncertainties to the extent that actual results may differ materially. of those projected in forward-looking statements. In the course of our activities, we are subject to certain risk factors, to competition and competitive pressures, to sensitivity to general economic and industrial conditions, to international political and economic risks, to the availability and prices of raw materials. and the execution of the business strategy. For more information, please refer to the documents filed by the Company with the Securities and Exchange Commission, copies of which are available free of charge from the Company.

Investor Relations:
Trevor Ashurst
[email protected]

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