Looks like everything is on track as indicated in the...

Looks like everything is on track as indicated in the prospectus.
From the prospectus

As set out in Section 6.10, De.mem intends to invest part of the proceeds from the Public Offer into the set up of a pilot manufacturing line for its low pressure hollow fibre nanofiltration membrane. The pilot manufacturing line shall be located in Singapore, either within the current manufacturing plant for the Company’s systems and equipment or at a separate location nearby. It is expected that the pilot manufacturing line will be operational during the first quarter of 2017. On 20 October 2016, De.mem entered into an equipment sale agreement with Foshan Chinese Academy of Science Membrane Technology Co. Ltd, Guangdong, China (FCA), for the purchase of equipment to be used by De.mem for this membrane production. A summary of the Equipment Sale Agreement is set out in Section 15.4.
The manufacturing of the membrane is based on standard processes and equipment for the so-called “spinning” of membrane fibres. The membrane is made out of polymer materials. The exact formulation and materials used remains a strictly protected trade secret of De.mem.
The pilot manufacturing line will allow De.mem to produce membrane fibres for use in standard four inch- or eight inch- membrane modules, which can be used in De.mem’s industrial or municipal & residential projects.
Once the pilot manufacturing line is operational and further validation of the new technology has been obtained, De.mem intends to scale up the manufacturing further through the set up of a larger factory.


EQUIPMENT SALE AGREEMENT
On 20 October 2016, De.mem entered into the Equipment Sale Agreement with FCA for the purchase of equipment to be used by De.mem for membrane production by De.mem.
Under the Equipment Sale Agreement, FCA has agreed to provide hollow fiber spinning production line equipment to De.mem for total consideration of 1,250,000 RMB, to be paid in the following instalments:
(a) 250,000 RMB to be paid upon execution of the Equipment Sale Agreement;
(b) 375,000 RMB to be paid upon the submission and acknowledgment of technical drawing;
(c) 375,000 RMB to be paid upon system completion and FAT; and
(d) 250,000 RMB to be paid upon completion of shipment, installation, testing and commissioning of the system to De.mem.

The ownership in the equipment will pass to De.mem after completion of all of the payment instalments set out above. The consideration fee payable under the Equipment Sale Agreement also includes the costs payable for shipment, installation, testing and commissioning of the equipment.

However, from the looks of it ,in addition to Nano filter tech,  the facility has the ability to produce many types of hollow fibre membranes and modules for municipal and industrial projects.  This is an important milestone as the company completes field testing and starts to get PO.  $10 Mil in potential revenue in the pipeline and you need a production facility to service those orders and now we have it !!!

Some samples of the industry std - 4 inch and 8 inch membrane tubes that can be manufactured . I wonder if they get an additional revenue stream from this . Start making them for other water companies .