IMHO, it's a nifty business model. Effectivley, the company is following a service model -- taking a flat fee and/or perhaps a share of long-term profit for very little risk. I think there will be customers that need and want that, and are willing to pay. It doesn't have many hard assets, but it does have contracts that, I suppose, would be quite valuable over the long term.
What are the engineering and design challenges in creating successful IoT devices? These devices are usually small, resource-constrained electronics designed to sense, collect, send, and/or interpret data. Some of the devices need to be smart enough to act upon data in real time, 24/7. Specifically the guests will discuss sensors, security, and lessons from IoT deployments.