from the MD&A:

"As we continue in the product development phase for our hybrid solutions, we are focusing our efforts on meeting specifications for targeted photonic products, starting with 100G transceiver components for the data communications market. Device developments in these areas can also be applied to lower the cost and increase performance of next generation optical sensing products. Product development activities are iterative, and include the optimization of designs, testing the manufacturability and reliability of prototypes, and successfully demonstrating the required scalability and cost parameters. We continue to expect that the product development phase for the hybrid technology, and for the integration of the BB Photonics technology into the DenseLight product line, will comprise a majority of the 2017 calendar year. As such, we currently expect initial commercial revenues for our new sensing products in 2017, followed by early commercial revenues for our 100G transceiver components in 2018, with the transceiver optical engine itself currently expected in mid 2019"