Nice update. Completed Build out team and facility 80% complete....

Nice update.
Completed
Build out team and facility
80% complete. New hires (had hired 3 FTE in first quarter of CY17) and I presume more have been hired since then including VP for Sales. The $607k spent on internalising part of the manufacturing process is must also be complete since they are close to manufacturing for anchor clients.

Growth in number of clients
Increase sales pipeline to 50 prospects and secure an additional 5 customers by end of CY2017 is complete. Microfabrication services clients increased from 5 to 8.

Transition foundation clients to manufacturing phase
First client scheduled to place purchase orders for commercial production volumes in late Q3 2017 and have received forecasts from the client for 24 months.
The second anchor client is scheduled to transition to commercial production in late Q4 2017 and have forecasts from the client for 12 months.

In the pipeline
Finalise acquisition
Finalise CEO appointment
Find 3rd anchor client
increase number of smaller clients
Miniaturise the water sensors before commercialisation.

Overall, high level view is that everything is on track. The smaller clients and the initial R&D/pre commercialisation work for anchor clients will "keep the lights on" and generate revenues for the business while they continue to grow the business sensibly through acquisition, growth in new clients  and develop internal IP.