Sure, here’s the revised version of your message:

I think the students should definitely be compensated.

However, in this case, it seems like this was some sort of partnership in which the company sponsored the research. As a current engineering undergrad, I believe this success will translate into some really good job offers after university.

Secondly, given that it’s expected to be adapted by other products, while it doesn’t explicitly state what the patent is for, we can expect that the technology will be used by other devices, so it’s not just that single company that will benefit.

Thirdly, I certainly don’t see why the university would benefit directly, as generally published academic writings are meant to be available for public use (except from the perspective of the evil publishing companies).

So while I’m with you in spirit, and given the vagaries of the article, we should find the positives when negatives are lacking.