You conveniently skipped over the part where they require you to grant an irrevocable and transferable license to your IP for up to two years with the express ability of reproducing and using this IP.

That is not a trivial matter at all. For example, they could take your IP and transfer the license to company B. They could then ask company B to make 1,000 of your widgets for "testing"...which really means using. They could do so for about two years. At the end of two years you have derived zero benefit from a thousand of your widgets being manufactured and used to solve a problem, the market changes, someone circumvents what you created (maybe company B) and you find yourself filing for bankruptcy protection.

This isn't a small matter at all. If we remove this requirement your comment might be applicable. Otherwise, you are posting a comment about something this thing is not.