Koil Energy Solutions, Inc. (OTCQB: KLNG) (“Koil” or the “Company”), formerly known as Deep Down, Inc., an international specialist in subsea energy equipment and services, today announced that the Financial Industry Regulatory Authority has approved its application to change the company’s name and ticker symbol, reflecting their new name and commitment to Energizing the Future.

“Our new ticker essentially marks the completion of our transition from Deep Down to Koil Energy Solutions,” said Charles Njuguna, President and CEO of Koil. “We are excited to carry the momentum we established this year with our expanded focus on energy transition opportunities into 2023.”

As of November 28, 2022, the ticker symbol for Koil has changed from “DPDW” to “KLNG” and can be searched as such.

It is important to note that the company’s shareholder recordkeeper and transfer agent, Standard Registrar and Transfer Company, completed the transition with no further action needed by all stakeholders, investors and friends of Koil. 

The Company announced its rebranding from Deep Down Inc. in March 2022 and since then has introduced a steady cadence of exciting hires and business wins leading into the new year. To learn more about Koil, its team, and to stay up to date on all company happenings, visit https://www.koilenergy.com.