Flotation Technologies

Senator's Visit Focuses On Company’s Rapid Growth and Expansion

BIDDEFORD, Maine - Sept. 11, 2008 - Flotation Technologies, Inc., a Deep Down Inc. company (OTCBB: DPDW) and a world leader in the engineering, design and manufacturing of deepwater buoyancy and polyurethane elastomer products, today announced that United States Senator Susan Collins toured its manufacturing facility and met with the management team. The Senator congratulated the company on being one of the fastest growing companies in Maine with its dramatic growth over the past few years including a new manufacturing facility
and hiring first-rate employees.

"Offshore drilling, oceanographic exploration and global warming research are important topics in the world today and I am excited to see that one of the key industry players is located right here in Maine," said Senator Collins. "Since receiving the prestigious Manufacturing Extension Partnership's (MEP) Manufacturing Excellence Award in 2007, Flotation Technologies has proven its superior manufacturing practices and dedication to continuous improvement. Maine is fortunate to have a company of this caliber with direct ties to these pivotal issues."

"We are honored that Senator Collins took the time to visit Flotation Technologies. The Senator was well received by the management team and employees who provided her with a brief overview of our company," explained David Capotosto, president, Flotation Technologies. "Recognized as one of the fastest growing companies in both Maine and the industries the company serves, Flotation Technologies has received increased market interest over the past few years due to it being one of the only U.S.-based manufacturers of the products it produces and its ability to address the growing needs within these market segments."

Senator Collins' visit was part of a bus tour during which she visited two other Maine-based businesses in the Biddeford Industrial Park. For more information on U.S. Senator Susan Collins, please visit susancollins.com.

Photography is available, please contact Stephanie O'Brien.

About Flotation Technologies, Inc.
Flotation Technologies, Inc., based in Biddeford, Maine, and a wholly-owned subsidiary of Deep Down Inc., (OTCBB: DPDW), is a world leader in the engineering, design and manufacturing of deepwater buoyancy systems using high-strength Flotec™ syntactic foams and polyurethane elastomers. Focused on the offshore oil, oceanographic, seismic and government markets, Flotation Technologies delivers world-class buoyancy
products for a host of marine applications such as: distributed buoyancy for flexible pipes and umbilicals, drilling riser buoyancy modules, ROV buoyancy, QuickLoc™ cable floats, Hardball™ umbilical floats, FLOTECT™ cable and pipeline protection, Inflex™ polymer bend restrictors and installation buoyancy of any size and depth rating. For more information, visit flotec.com.

About Deep Down, Inc.
Deep Down specializes in the provision of innovative solutions, installation management, engineering services, support services, custom fabrication and storage management services for the offshore subsea control, umbilical, and pipeline industries. The company fabricates component parts of subsea distribution systems and assemblies that specialize in the development of subsea fields and tie backs. These items include umbilicals, flow lines, distribution systems, pipeline terminations, controls, winches, and launch and retrieval systems, among others. Deep Down provides these services from the initial field conception phase, through manufacturing, site integration testing, installation, topside connections, and the final commissioning of a project.

The Company's ElectroWave subsidiary offers products and services in the fields of electronic monitoring and control systems for the energy, military, and commercial business sectors. ElectroWave designs, manufactures, installs, and commissions integrated PLC and SCADA based instrumentation and control systems, including ballast control and monitoring, drilling instrumentation, vessel management systems, marine advisory systems, machinery plant control and monitoring systems, and closed circuit television systems.

The Company's Mako subsidiary serves the growing offshore petroleum and marine industries with technical support services, and products vital to offshore petroleum production, through rentals of its remotely operated vehicles (ROV), topside and subsea equipment, and diving support systems used in diving operations, maintenance and repair operations, offshore construction, and environmental/marine surveys. For more information, visit deepdowninc.com, electrowaveusa.com and makotechnologies.com.

Forward Looking Statements
This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding our strategy, future operations, future financial position, future revenues, acquisitions, projected costs, prospects, plans and objectives of management are forward-looking statements. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. All of the information provided in this release is as of September 11, 2008 and Flotation Technologies, Inc. undertakes no duty to update the information provided herein.

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