At a meeting of the Board of Deep Down, Inc. held on May 7, 2019, the Board established the membership of the committees of the Board. Mr. David J. Douglas will chair the Compensation Committee, and will serve on the Audit Committee, while Mr. Neal I. Goldman will serve as a member on both the Audit Committee and the Compensation Committee. Mark Carden, Chairman, will continue to serve on the Audit Committee and the Compensation Committee, and will continue to be the chair of the Audit Committee.
Koil Energy Solutions, Inc. is an energy services company, which provides equipment and support services to the worldâs energy and offshore industries. Its core services and technological solutions include distribution system installation support and engineering services, umbilical terminations, loose-tube steel flying leads, and related services. It supports subsea engineering, manufacturing, installation, commissioning, and maintenance projects located anywhere in the world. Its line of solutions is engineered and manufactured for integrated, large independent, and foreign national energy companies in offshore areas throughout the world. These products are often developed in direct response to customer requests for solutions to critical needs in the field. Its products include Flying Leads, Umbilical Hardware, Installation Aids and Riser Isolation Valves and Subsea Isolation Valve Services. It designs, manufactures, and installs flying leads, particularly steel tube flying leads.