DeepFlex announces the signing of an agreement with Offshore Inland Marine & Services, Inc. (OIMO) to establish a new unbonded flexible pipe manufacturing and qualification testing facility to be located in the Port of Pensacola, Florida. The industrial complex will have direct access to the existing deep water quay-side, which is strategically located for optimized access to serve the flexible pipe markets in the Gulf of Mexico, West Africa, Europe and Asian regions. The state of the art manufacturing and qualification testing facilities will create job opportunities in excess of 100 direct jobs and make a significant contribution to the City of Pensacola's industrial and business growth.

Felipe Lamego, DeepFlex President & CEO, said: "Our new plant in Pensacola, benefiting from its strategic location and our leadership in composite fiber reinforced flexible pipes, will strengthen our global leadership in the research, development, industrialization and commercialization of advanced technology for the delivery of deep water enabling flexible pipe solutions. We look forward to the bright future ahead for this facility's growth with the City of Pensacola and Offshore Inland. We recognize the assistance provided by the Greater Pensacola Chamber, who actively guided the project through the competitive site-selection process and helped our company navigate both the local, regional and state incentive approval process."

Lamego continued: "Other local, regional and state partners instrumental in facilitating our project included Enterprise Florida, the Florida Department of Economic Opportunity, the Florida Department of Transportation, Escambia County and the City of Pensacola. The project was also supported by two special regional initiatives – Gulf Power Company's Job Creation Rate Incentive, which offers discounts to new and existing customers who add jobs, capital investments and new electrical loads to the region – as well as the Industry Recruitment, Retention and Expansion Fund, a regional economic development initiative administered by the University of West Florida and appropriated by the state legislature."