The website news section has been updated: "The Countdown Begins". An announcement in mid-September.
Also, from the FAQ:
When will you begin making film?
We are on course to turn on the machines and make our first test batches in early Autumn 2014.
We will make an announcement soon about the schedule for commercial products.
What's the hold up?
Our main facility is currently being refurbished - free of charge courtesy of the regional government in Italy. We are also on a deadline to purchase additional equipment from the old Ferrania buildings that are crucial to our operations. For this, we are seeking funding.
What's the Italian Government have to do with this?
Regione Liguria, the local branch of the Italian Government, has been the most amazing partner FILM Ferrania could ask for. They feel a great need to keep this historic product "Made in Italy" and have supported our team for more than a year as we lay the groundwork to restart.
They have worked with us and Ferrania Technologies to schedule the destruction of the old buildings on a timeline that allows us a really good chance at getting all of the pieces we need to build the new kind of film factory we envision. And they just spent €1.2 million renovating our main facility!
They want FILM Ferrania to restart and they're doing everything they can to help us.