Skip to main content

Deep Down Hires Director of Business Development

Written by Customer Service on . Posted in Public Companies.

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 at 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 Business Development Manager at Dril-Quip, a manufacturer of onshore and offshore drilling and production equipment, a position he was offered after having served in a variety of progressive engineering and business development positions at TechnipFMC. Mr. McBeth possesses 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, specifically in the subsea production industry,” said Deep Down President and CEO Charles Njuguna. “While we have been largely successful at positioning our organization for expansion over the past two years, a key plank in maximizing value for our shareholders is to achieve sustainable revenue growth. We are therefore thrilled to be adding someone of Russ’s caliber and look forward to capitalizing on his diverse experience and vast industry network.”

About Deep Down, Inc. (www.deepdowninc.com)
Deep Down is a leading energy services company offering subsea equipment and support services to the world’s energy and offshore industries. Deep Down provides innovative solutions to complex customer challenges presented between the production facility and the energy source. Deep Down’s core services and technological solutions include distribution system installation support and engineering services, umbilical terminations, loose-tube steel flying leads, and related services. Additionally, Deep Down’s highly experienced team can support subsea engineering, manufacturing, installation, commissioning, and maintenance projects located anywhere in the world.

Forward-Looking Statements
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.
  
Investor Relations:
Trevor Ashurst
ir@deepdowninc.com
281-862-2201

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.