Yes, your paragraphs 2 to 5 are as per my understanding.
However, your below 2 paragraphs:
"So far that is the only way XPE makes money outside of JCT.
XPE will be making $ out of Lenze (expected first revenue from Lenze in Oct 2017) and this is the Xped app - and there will be white labelling.
ADRC and Xip are not making any and the cloud solutions have had little to no interest."
Xip includes the Xped App. And like you said as below, most manufacturers will be using standard iot chips ie Telink - well, ADRC has been ported onto TLSR 8269 and we are waiting for further news on further other of Telink's chips being ported with TLSR8269 (as what's announced earlier that there will be porting onto other Telink's chips).
"As most manufacturers will be using standard iot chips...ie Telink or any other ..."
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