2014

D. John Ogren Joins DeepFlex Board

HOUSTON, May 18 /PRNewswire/ -- DeepFlex today announced that D. John Ogren has been elected to the Company's board of directors as non-executive Chairman. His experiences range from major NYSE companies to high-tech start-ups. Ogren serves on the board of directors of Core Laboratories N.V., The Wood Group and is an Advisory Director of Intrepid Energy (UK) Ltd. He also served as non-executive Chairman of WellDynamics, a joint venture company which was owned by Halliburton and Shell Technology Ventures (STV) until Halliburton recently acquired STV's position. Ogren served as President of Production Operators, Inc. from 1994 until 1999. From 1965 until 1991 he served in various positions of increasing responsibility with Conoco, Inc. in its upstream oil and gas businesses and then moved to Conoco's parent company, E.I. Du Pont De Nemours and Company, as a senior executive from 1991 to 1994.

George Coyle, President and CEO of DeepFlex commented, "We are benefiting from John's insights and experience as a member of the DeepFlex board and he brings tremendous business acumen and experience to our team, having worked in oil and gas exploration, production, and energy services."

"DeepFlex's products and services are addressing the critical challenges facing offshore subsea and deepwater projects," said John Ogren. "I am excited to join this dynamic team and look forward to working closely with the Board and management during the next phase of DeepFlex's growth."

Mr. Ogren will be joining the current board comprised of Dirk McDermott, Altira Group LLC; Leif Andre Skare, Energy Ventures A.S.; Whitney Rockley, Normura Clean Technology Ventures; and W. George Coyle, DeepFlex, Inc.

DeepFlex Inc. designs, manufactures, and installs premium composite flexible piping and extends solutions to some of the world's most challenging subsea oil and gas production environments. It is the only manufacturer of Flexible Fiber Reinforced Pipe (FFRP(R)), a corrosion resistant unbonded, non-metallic pipe designed specifically for subsea and deepwater applications.

For more information on the products and services provided by DeepFlex, visit the company's web site at www.deepflex.com.

SOURCE DeepFlex



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http://www.deepflex.com

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