Confused about the IoT categorization as well. The whole reason why the SmartGas tech won the award was because it can be fitted onto any tank, to monitor any liquid/gas, at any temperature...the implication is it could change the world by having even a rural propane user(just as an example) be outfitted with comparable tech that huge companies pay millions for as a part of their brand new tanks.
I am a little curious about how they will market/distribute the bikes. Spain makes sense to add to the target market seeing the company does have a presence there.