Deep Down and Bornemann Pumps enter into strategic alliance

Deep Down, Inc. (OTCBB: DPDW), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services and Bornemann Pumps, Inc. an industry leader in the business of twin screw pump technology, multiphase boosting systems, multiphase subsea pumps as well as multiphase system engineering and fabrication of turnkey topside systems today announce the formation of a strategic alliance to provide high quality subsea pumping packages and services to the Gulf of Mexico subsea oil and gas industry.

As part of the agreement Deep Down will be responsible for the overall project management, subsea engineering, local support functions and fabrication of the subsea structures.  Bornemann will handle system and process engineering, fabrication of the subsea pumps and hydraulic control modules.  The parties will work together on other technical aspects of the projects as needed.

Ron Smith, Chief Executive Officer of Deep Down, Inc. stated, “As long tiebacks and deepwater production continues to increase the need for subsea boosting is paramount to the success of some of the subsea developments.  We are excited to be teaming up with Bornemann Pumps to offer the Gulf of Mexico subsea market this increasingly important solution to our customers’ needs.”

Axel Jäschke, Head of Subsea Division for Bornemann Pump stated, “We are very excited to have DDI as our subsea specialist. Now we can  provide commercially attractive and well proven Bornemann technology in a complete package to all of our subsea clients.”

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.

About Bornemann Pump, Inc.
Since the company’s founding in Germany in 1853, Bornemann has been setting the industry pace in pumping innovations.  In 1934, it patented the twin-screw pump with external bearings.  Since then Bornemann has achieved and secured a leading position worldwide with its numerous ground-breaking pump developments over the decades.  For example, its expertise has resulted in a leadership position of boosting of oil and gas mixtures for onshore, offshore and subsea applications.  This method of production results in significant capital cost savings over traditional approaches and simplifies operations. 

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