Th fact that it won't launch and based on the screenshots, it looks like
your device is not provisioned. That means your device is not listed in
the certificate you used to sign the app. When you sign the app, the
signed app contains this list inside it. So when you try and use that is
not provisioned, it will not allow it to launch.It is a bit deceiving
when one sees the app icon on the springboard. So one thinks the app is
installed and everything is OK. But when your device is not provisioned...