Beginner guide plc controller

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Beginner guide plc controller

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  2. 2. CONTENTS PAGE K +PVTQFWEVKQP 9JCVKUC%QPVTQN5[UVGO 6JG4QNGQHVJG2TQITCOOCDNG%QPVTQNNGTU +PRWVCPF1WVRWVGXKEGU 9JCVKUC2TQITCOOCDNG%QPVTQNNGT %QPXGPVKQPCN%QPVTQN2CPGNCPFKV UFKHHKEWNVKGU KUCFXCPVCIGUQH%QPXGPVKQPCN%QPVTQN2CPGN 2.%2CPGNCPFVJGKTCFXCPVCIGU %QPXGTUKQPQH%QPXGPVKQPCN%QPVTQN%KTEWKVVQ2.% #5[UVGOCVKE#RRTQCEJQHEQPVTQNU[UVGOGUKIP 2TQITCOOCDNG%QPVTQNNGT#RRNKECVKQP %QPUKFGT#5KORNG2TQLGEV 5[UVGO%QPHKIWTCVKQP %2/#%27%QORQPGPVU %2/#%27%QORQPGPVU 'ZRCPUKQP+17PKVU%QORQPGPVU %27CPF'ZRCPUKQP+17PKV%QPHKIWTCVKQP %2/#%QOOWPKECVKQPU *QUV.KPM%QOOWPKECVKQP /WNVKFTQR%QOOWPKECVKQPUVQ%QORWVGT VQ2.%%QOOWPKECVKQP.KPMU 06.KPM%QOOWPKECVKQP 2TQITCOOKPI'ZCORNGQH2.%.KPM$GVYGGP%2/#7PKVU %2/#%QOOWPKECVKQPU *QUV.KPM%QOOWPKECVKQP /WNVKFTQR%QOOWPKECVKQPUVQ%QORWVGT 0Q2TQVQEQN%QOOWPKECVKQP 45%%QOOWPKECVKQP 06.KPM%QOOWPKECVKQP VQ2.%%QOOWPKECVKQP.KPMU %QORQ$WU5+1.KPM%QPPGEVKQPU 2GTKRJGTCNGXKEGU 2TQITCOOKPI%QPUQNG 5[UOCE9KPFQY$CUGF5WRRQTVUQHVYCTG 6TCKPKPI-KV%QPHKIWTCVKQP 2.%'NGEVTKECN9KTKPI+1%QPPGEVKQP (GCVWTGUCPF(WPEVKQPU %2/#)GPGTCN #PCNQI5GVVKPI(WPEVKQP +PRWV+PVGTTWRV 3WKEM4GURQPUG+PRWVU(WPEVKQP +PVGTXCN6KOGT(WPEVKQP *KIJ5RGGF%QWPVGT %2/#)GPGTCN +PVGTTWRV(WPEVKQPU +PVGTTWRV+PRWVU +PVGTXCN6KOGT+PVGTTWRVU *KIJ5RGGF%QWPVGT +PVGTTWRV+PRWVU %QWPVGT/QFG
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
  10. 10. +06417%6+10 E 'TCUCDNG2TQITCOOCDNG4GCF1PN[/GOQT[ '241/ '241/JQNFUFCVCRGTOCPGPVN[LWUVNKMG41/+VFQUGPQVTGSWKTGDCVVGT[DCEMWR*QYGXGTKVU EQPVGPVECPDGGTCUGFD[GZRQUKPIKVVQWNVTCXKQNGVNKIJV#RTQOYTKVGTKUTGSWKTGFVQTGRTQITCO VJGOGOQT[ F'NGEVTKECNN['TCUCDNG2TQITCOOCDNG4GCF1PN[/GOQT[ ''241/ ''241/EQODKPGUVJGCEEGUUHNGZKDKNKV[QH4#/CPFVJGPQPXQNCVKNKV[QH'241/KPQPG+VU EQPVGPVUECPDGGTCUGFCPFTGRTQITCOOGFGNGEVTKECNN[JQYGXGTVQCNKOKVPWODGTQHVKOGU
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• 6JGTGCTGVQQOCP[YKTKPIYQTMKPVJGRCPGN • /QFKHKECVKQPECPDGSWKVGFKHHKEWNV • 6TQWDNGUJQQVKPIECPDGSWKVGVTQWDNGUQOGCU[QWOC[TGSWKTGCUMKNNHWNRGTUQP • 2QYGTEQPUWORVKQPECPDGSWKVGJKIJCUVJGEQKNEQPUWOGURQYGT • /CEJKPGFQYPVKOGKUWUWCNN[NQPIYJGPRTQDNGOUQEEWTCUKVVCMGUCNQPIGTVKOGVQVTQWDNGUJQQV VJGEQPVTQNRCPGN • TCYKPIUCTGPQVWRFCVGFQXGTVJG[GCTUFWGVQEJCPIGU+VECWUGUNQPIGTFQYPVKOGKP OCKPVGPCPEGCPFOQFKHKECVKQP (KI6[RKECN%QPXGPVKQPCN%QPVTQN2CPGN
  13. 13. +06417%6+10 Y 2TQITCOOCDNG%QPVTQNNGT%QPVTQN2CPGNCPF6JGKT#FXCPVCIGU 9KVJ VJG CTTKXCN QH RTQITCOOCDNG EQPVTQNNGTU VJG EQPVTQN FGUKIP CPF EQPEGRV KORTQXG VTGOGPFQWUN[6JGTGCTGOCP[CFXCPVCIGUKPWUKPIVJGRTQITCOOCDNGEQPVTQNNGTU #V[RKECNGZCORNGQHVJG2.%EQPVTQNRCPGNKUUJQYPKP(KI Y #FXCPVCIGUQH2.%%QPVTQN2CPGN • *GTGCTGVJGOCLQTCFXCPVCIGUVJCVECPDGFKUVKPIWKUJCDN[TGCNKGF • 6JG YKTKPI QH VJG U[UVGO WUWCNN[ TGFWEGU D[ EQORCTGF VQ EQPXGPVKQPCN TGNC[ EQPVTQN U[UVGO • 6JGRQYGTEQPUWORVKQPKUITGCVN[TGFWEGFCU2.%EQPUWOGOWEJNGUURQYGT • 6JG2.%UGNHFKCIPQUVKEHWPEVKQPUGPCDNGGCU[CPFHCUVVTQWDNGUJQQVKPIQHVJGU[UVGO • /QFKHKECVKQPQHEQPVTQNUGSWGPEGQTCRRNKECVKQPECPGCUKN[DGFQPGD[RTQITCOOKPIVJTQWIJ VJGEQPUQNGQTEQORWVGTUQHVYCTGYKVJQWVEJCPIKPIQH+1YKTKPIKHPQCFFKVKQPCN+PRWVQT 1WVRWVFGXKEGUCTGTGSWKTGF • +P2.%5[UVGOURCTGRCTVUHQTTGNC[UCPFJCTFYCTGVKOGTUCTGITGCVN[TGFWEGFCUEQORCTGFVQ EQPXGPVKQPCNEQPVTQNRCPGN • 6JGOCEJKPGE[ENGVKOGKUKORTQXGFVTGOGPFQWUN[FWGVQVJGURGGFQH2.%QRGTCVKQPKUC OCVVGTQHOKNNKUGEQPFU6JWURTQFWEVKXKV[KPETGCUGU • +VEQUVOWEJNGUUEQORCTGFVQEQPXGPVKQPCNU[UVGOKPUKVWCVKQPYJGPVJGPWODGTQH+1UKU XGT[NCTIGCPFEQPVTQNHWPEVKQPUCTGEQORNGZ • 6JGTGNKCDKNKV[QHVJG2.%KUJKIJGTVJCPVJGOGEJCPKECNTGNC[UCPFVKOGTU • #PKOOGFKCVGRTKPVQWVQHVJG2.%RTQITCOECPDGFQPGKPOKPWVGU6JGTGHQTGJCTFEQR[QH FQEWOGPVCVKQPECPDGGCUKN[OCKPVCKPGF (KI6[RKECN2.%%QPVTQN2CPGN
  14. 14. +06417%6+10 Y %QPXGTUKQPQH%QPXGPVKQPCN%QPVTQN%KTEWKVVQ2.% 'ZCORNG5VCTVKPICPF5VQRRKPIQHCRJCUGOQVQT 9JGP VJG RWUJDWVVQP 2$ KU RTGUUGF EWTTGPV + YKNN HNQY VJTQWIJ VJG EKTEWKV CPF GPGTIKG OCIPGVKEEQPVCEV/IYJKEJKPVWTPENQUGUVJG/IEQPVCEVU6JGEQPVCEV/IRCTCNNGNVJGRWUJ DWVVQP2$KUHQTUGNHJQNFKPIUQVJCV2$ECPDGTGNGCUGF6JGQVJGT/IEQPVCEVUENQUGUVQUYKVEJ QPVJGRDCUGOQVQT 6QEQPPGEVVJGCDQXGEKTEWKVKPC2.%U[UVGOVQ2.%YKTKPIEKTEWKVYGPGGFVQKFGPVKH[VJGKPRWV CPFQWVRWVFGXKEGU6JGKPRWVFGXKEGUCTGUVCTVRWUJDWVVQP 2$CPFUVQRRWUJDWVVQP 2$CPF VJGQWVRWVFGXKEGKPVJKUECUGKUQPN[QPGOCIPGVKEEQPVCEVQTVJCVEQPVTQNUVJGRJCUGOQVQT6JG YKTKPIEKTEWKVKUUJQYPKP(KI (KI %KTEWKV $TGCMGT /I 4 ; $ 6J 7 8 9 /QVQT MY /I 5VCTV2WUJDWVVQP + 0 ' 2$ /I 2$ 5VCTV 2WUJDWVVQP 6*
  15. 15. +06417%6+10 (KIUJQYUVJGYKTKPIEKTEWKVQHVJG+1FGXKEGU (KIKUVJGNCFFGTFKCITCOHQTVJGEQPXGTUKQP+VOWUVDGRTQITCOOGFKPVQVJG2.% '0 2$ 5VCTV2WUJDWVVQP 2$ 5VQR2WUJDWVVQP (KI.CFFGTFKCITCO %QPVTQN /I /QVQT MY /CIPGVKE%QPVCEVQT (KI*CTF9KTG%KTEWKVHQT2.%%QPPGEVKQP %KTEWKV $TGCMGT /I 4 ; $ 6J 7 8 9 0 ' 2$ 2$ 5VCTV2WUJDWVVQP 5VQR2WUJDWVVQP /I 6J (75' %1/ %8 − +0276 176276 (KI/QVQT%KTEWKV #UUKIPOGPV +PRWV%JCPPGN 1WVRWV%JCPPGN
  16. 16. +06417%6+10 'ZCORNG5QTVKPI/CEJKPG +PVJKUGZCORNG[QWJCXGVQFGVGTOKPGCICKPVJGPWODGTQHKPRWVCPFQWVRWVFGXKEGUWUGFHQTVJG EQPVTQNEKTEWKV#UUKIPVJG+1HQTVJG2.%CPFVJGPYKTGKVCEEQTFKPIVQVJGCEVWCN+1FGXKEGU 6JGYKTKPIEKTEWKVKUUJQYPKP(KI6JGKPRWVFGXKEGUUWEJCU2$KUCUUKIPVQVJGKPRWV .5CUKPRWV.5CUKPRWVCPF2$CUKPRWV6JGQWVRWVFGXKEGUUWEJCUEQPXG[QTOQVQTKU CUUKIPGFVQQWVRWVE[NKPFGTUQNGPQKFCUQWVRWVCPF'PF%[ENG$GNNCUQWVRWV %QPXG[QT #/QVQT 5VCTV 2$ 5VQR 2$ %4 %4 %64 %4 %4 %4 %4 %64 2$ %46 .5 .KOKV 5YKVEJ .5 .KOKV 5YKVEJ $GIKP%[ENG 4WP.KIJV 5QTVKPI %[NKPFGT %QWPVGT 'PF%[ENG$GNN . 0 (KI%QPXGPVKQPCN%KTEWKVHQT5QTVKPI/CEJKPG
  17. 17. +06417%6+10 (KIUJQYUVJGYKTKPIEKTEWKVQHVJG+1FGXKEGU 2$ 2$ 5VQR %06 .5 .KOKV5YKVEJ %QPXG[QT/QVQT #PF470.KIJV %[NKPFGT 5QNGPQKF %06 2$ .5 .KOKV5YKVEJ 'PF%[ENG$GNN %06 '0 (KI.CFFGTKCITCOQH2.% $GIKP%[ENG % 4UV 2$ .5 .5 2$ /64 . 0 6J %QPXG[QT /QVQT 4WP.KIJV %[NKPFGT 5QNGPQKF 'PF%[ENG$GNN +0276 176276 %8 (KI9KTKPI%KTEWKVQH2.%HQT5QTVKPI/CEJKPG
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
  20. 20. +06417%6+10 Y 2TQITCOOCDNG%QPVTQNNGT#RRNKECVKQPU 6JGTGCTGUQOCP[CRRNKECVKQPUVJCV[QWECPHKPF2.%UCTGWUGKPVJGXCTKQWUKPFWUVTKGU*GTGCTG VJGNKUVQHCRRNKECVKQPU • /CVGTKCN*CPFNKPI • %QPXG[QT5[UVGO • 2CEMCIKPI/CEJKPG • 2KEMCPF2NCEG4QDQV%QPVTQN • 2WOR%QPVTQN • 5YKOOKPI2QQN • 9CVGT6TGCVOGPV • %JGOKECN2TQEGUUKPI2NCPV • 2CRGTCPF2WNR+PFWUVTKGU • )NCUU/CPWHCEVWTKPI • 2TGECUV%QPETGVG+PFWUVTKGU • %GOGPV/CPWHCEVWTKPI • 2TKPVKPI+PFWUVTKGU • 'NGEVTQRNCVKPI2NCPVU • (QQF2TQEGUUKPI • /CEJKPG6QQNU • 6QDCEEQ+PFWUVTKGU • 2NCUVKE/QWNFKPIOCEJKPG • 5GOKEQPFWEVQT/CPWHCEVWTKPI /CEJKPG • 5WICT/CPWHCEVWTKPI2NCPV • 2CNO1KN/CPWHCEVWTKPI2NCPV • #KT%QPFKVKQP%QPVTQN • 2QYGT5VCVKQP2NCPV • 2TQEGUU/QPKVQTKPI%QPVTQN • 'NGEVTKECN'NGEVTQPKE#RRNKCPEG /CPWHCEVWTKPI • KUMTKXG/CPWHCEVWTKPI • 2GVTQN%JGOKECN2NCPV • 6TCHHKE.KIJV5[UVGO • 6TCKP%QPVTQN5VCVKQPU[UVGO • 2NCUVKE/CPWHCEVWTKPI+PFWUVTKGU • %CT/CPWHCEVWTKPI2NCPV • +TQPCPF5VGGN/KNN • KCT[2TQFWEV/CPWHCEVWTKPI2NCPV • $WKNFKPI#WVQOCVKQP • 6[TG/CPWHCEVWTKPI • +PVGITCVGF%KTEWKV%JKR/CPWHCEVWTKPI • 5GYCIG6TGCVOGPV2NCPV • 5GEWTKV[%QPVTQN5[UVGO • .KHV%QPVTQN5[UVGO • )GPGTCVQT%QPVTQN5[UVGO • #OWUGOGPV2CTM%QPVTQN
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conveyor A (1003) conveyor B PH1 (4) LS3 LS1 (1) LS2 (2) SOL2 (1001) (1000) SOL1 PB1 (0) (counterclockwiserotation)(clockwise rotation) (Start button) (Detect workpiece) (clockwise rotation) (counterclockwiserotation) (check grasp work) (3)
  22. 22. +06417%6+10 GVGTOKPGVJG5GSWGPEGQH1RGTCVKQPD[TCYKPIVJG(NQYEJCTV 5VCTV $WVVQP 2TGUUGF #TO #V .5 #TOTQVCVGU%NQEMYKUG 0Q %QPXG[QT#10 2JQVQ'[G5GPUG 9QTMRKGEG %QPXG[QT#1(( #TO)TCUR9QTM #TO4QVCVGU%QWPVGTENQEMYKUG #TO #V .5 4GNGCUG9QTMRKGEG +U .5 1(( 0Q 0Q ;GU ;GU ;GU ;GU ;GU ;GU +U .5 10 0Q 0Q 51. 51. 5612%10+6+10 #VCPVVKOG 5612$76610KU RTGUUGFVJG#4/UVQR YJGTGKVKU 7RQPRTGUUKPIUVCTV $WVVQPVJGCTOEQPVKPWGU
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
  24. 24. +06417%6+10 0GVYQTMF4GNGCUGRCTV 0GVYQTMF4GNGCUG%;%.' 0GVYQTMF5VQREQPFKVKQP 0GVYQTMF4GUGVEQPFKVKQP 4GUGVCHVGTUVQR 0GVYQTMF'PF .5 #TOVKENMYKUG .5 5VQR 4GUGV 'PF
  25. 25. +06417%6+10 • +PKVKCN5[UVGO%JGEMU %JGEMVJGHQNNQYKPIKVGOUCHVGTUGVVKPIWRCPFYKTKPIVJG2.%$GUWTGVQEJGEMVJGYKTKPICPF EQPPGEVKQPUDGHQTGRGTHQTOKPICVGUVTWP +VGO 2QKPVUVQ%JGEM 2QYGTUWRRN[CPF +1EQPPGEVKQPU +UVJGYKTKPIEQTTGEV! #TGVJGVGTOKPCNUUGEWTGN[VKIJVGPGF! #TGVJGTGCP[UJQTVUDGVYGGPETKOREQPPGEVQTUQTYKTGU! %QPPGEVKPIECDNGU #TGVJGECDNGUCNNEQPPGEVGFEQTTGEVN[CPFNQEMGF! •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
  26. 26. 5;56'/%10(+)74#6+10 Y %27%QORQPGPVU %2/#%4 %2/#%4 %2/#%4 %2/#%4 'ZRCPUKQP+1WPKV %QPPGEVQT 'ZRCPUKQP+1WPKV %QPPGEVQT
  27. 27. 5;56'/%10(+)74#6+10 • 2.%5VCVWU+PFKECVQTU +PFKECVQT 5VCVWU /GCPKPI 10 2QYGTKUDGKPIUWRRNKGFVQVJG2.%294 ITGGP 1(( 2QYGTKUPIVDGKPIUWRRNKGFVQVJG2.% 470 ITGGP 10 6JG2.%KUQRGTCVKPIKP470QT/10+624OQFG 1(( 6JG 2.% KU KP 241)4#/ OQFG QT C HCVCN GTTQT JCUQEEWTTGF 10 #HCVCNGTTQTJCUQEEWTTGF 2.%QRGTCVKQPUVQRU (NCUJKPI #PQPHCVCNGTTQTJCUQEEWTTGF 2.%QRGTCVKQP EQPVKPWGU '44#./ TGF 1(( +PFKECVGUPQTOCNQRGTCVKQP %1// QTCPIG 10 CVCKUDGKPIVTCPUHGTTGFXKCVJG2GTKRJGTCN2QTV 1(( CVCKUPIVDGKPIVTCPUHGTTGFXKCVJG2GTKRJGTCN2QTV • +PRWV+PFKECVQTU 6JGUGKPFKECVQTUCTGNKVYJGPVJGEQTTGURQPFKPIKPRWVVGTOKPCNKU10 9JGPCHCVCNGTTQTQEEWTUVJGKPRWVKPFKECVQTUEJCPIGCUHQNNQYU %27GTTQTQT+1DWUGTTQT 6JGKPRWVKPFKECVQTUVWTP1(( /GOQT[GTTQTQTU[UVGOGTTQT 6JG KPRWV KPFKECVQTU OCKPVCKP VJGKT UVCVWU DGHQTG VJG GTTQT QEEWTTGFGXGPKHVJGKPRWVUVCVWUKUEJCPIGF • 1WVRWV+PFKECVQTU 6JGUGKPFKECVQTUCTGNKVYJGPVJGQWVRWVTGNC[UCTGVWTPGFQP
  28. 28. 5;56'/%10(+)74#6+10 Y %2/#%27%QORQPGPVU %2/#%=?=? %2/#%=?=? %2/#%=?=? 'ZRCPUKQP+1 7PKV%QPPGEVQT 'ZRCPUKQP+1 7PKV%QPPGEVQT
  29. 29. 5;56'/%10(+)74#6+10 • 2.%5VCVWU+PFKECVQTU +PFKECVQT 5VCVWU /GCPKPI 294 ITGGP 10 2QYGTKUDGKPIUWRRNKGFVQVJG2.% 1(( 2QYGTKUPIVDGKPIUWRRNKGFVQVJG2.% 470 ITGGP 10 6JG2.%KUQRGTCVKPIKP470QT/10+614OQFG 1(( 6JG 2.% KU KP 241)4#/ OQFG QT C HCVCN GTTQT JCUQEEWTTGF '44#./ TGF 10 #HCVCNGTTQTJCUQEEWTTGF 2.%QRGTCVKQPUVQRU (NCUJKPI # PQPHCVCN GTTQT JCU QEEWTTGF 2.% QRGTCVKQP EQPVKPWGU %1// QTCPIG 10 CVCKUDGKPIVTCPUHGTTGFXKCVJG2GTKRJGTCN2QTVQT 45%RQTV 1(( CVCKUPIVDGKPIVTCPUHGTTGFXKCVJG2GTKRJGTCN2QTV QT45%RQTV • +PRWV+PFKECVQTU 6JGUGKPFKECVQTUCTGNKVYJGPVJGEQTTGURQPFKPIKPRWVVGTOKPCNKU10 9JGPCHCVCNGTTQTQEEWTUVJGKPRWVKPFKECVQTUEJCPIGCUHQNNQYU %27GTTQTQT+1DWUGTTQT6JGKPRWVKPFKECVQTUVWTP1(( /GOQT[GTTQTQTU[UVGOGTTQT 6JG KPRWV KPFKECVQTU YKNN EJCPIG YKVJ VJG UVCVWU QH VJG KPRWV UKIPCNDWVKPRWVUYKNNPQVDGWRFCVGFKPOGOQT[ • 1WVRWV+PFKECVQTU 6JGUGKPFKECVQTUCTGNKVYJGPVJGQWVRWVTGNC[UCTGVWTPGFQP6JGKPFKECVQTUCTGNKVFWTKPI+1 TGHTGUJKPI9JGPRWNUGQWVRWVUCTGDGKPIWUGFVJGKPFKECVQTYKNNTGOCKPNKVEQPVKPWQWUN[YJKNGVJG RWNUGUCTGDGKPIQWVRWV • #PCNQI%QPVTQN 6WTPVJGUGEQPVTQNUVQEJCPIGVJGCPCNQIUGVVKPI VQKP+4CPF+4 • 2GTKRJGTCN2QTV %QPPGEVUVJG2.%VQC2TQITCOOKPIGXKEG KPENWFKPI2TQITCOOKPI%QPUQNGUJQUVEQORWVGT QTUVCPFCTFGZVGTPCNFGXKEG
  30. 30. 5;56'/%10(+)74#6+10 • 45%2QTV %QPPGEVUVJG2.%VQCRTQITCOOKPIGXKEG GZENWFKPI2TQITCOOKPI%QPUQNGUJQUVEQORWVGTU 2TQITCOOCDNG6GTOKPCNQTUVCPFCTFGZVGTPCNFGXKEG • %QOOWPKECVKQP5GVVKPI 6JKUUYKVEJUGNGEVUYJGVJGTVJG2GTKRJGTCNRQTVCPF45%RQTVYKNNWUGVJGEQOOWPKECVKQPU UGVVKPIKPVJG2%5GVWRQTVJGUVCPFCTFUGVVKPIU 1(( 6JG2GTKRJGTCN2QTVCPF45%RQTVQRGTCVGCEEQTFKPIVQVJGEQOOWPKECVKQPUGVVKPIKP VJGUGVWRGZEGRVHQTC2TQITCOOKPI%QPUQNGEQPPGEVGFVQVJG2GTKRJGTCNRQTV 10 6JG2GTKRJGTCN2QTVCPF45%RQTVQRGTCVGCEEQTFKPIVQVJGUVCPFCTFEQOOWPKECVKQPU UGVVKPIUGZEGRVHQTC2TQITCOOKPI%QPUQNGEQPPGEVGFVQVJG2GTKRJGTCNRQTV • $CVVGT[ 6JKUDCVVGT[DCEMUWRVJGOGOQT[KPVJG%277PKVCPFKUEQPPGEVGFYJGPVJG7PKVKUUJKRRGF • 'ZRCPUKQP%QPPGEVQT %QPPGEVUVJG2.%IU%27WPKVVQVJG'ZRCPUKQP7PKV 'ZRCPUKQP+1WPKV#PCNQI+1WPKVQTVJG %QORQ$WU5+1.KPM7PKV7RVQ'ZRCPUKQP7PKVUECPDGEQPPGEVGFVQC%27WPKV
  31. 31. 5;56'/%10(+)74#6+10 • 'ZRCPUKQP+17PKV%QORQPGPVU 6JGGZRCPUKQPWPKVUCTGUJCTGFDGVYGGP%2/#CPF%2/# 'ZRCPUKQP+1YKVJ+16GTOKPCNU • %2/#'4 • %2/#'6 • %2/#'6 'ZRCPUKQP+1YKVJ+PRWV6GTOKPCNU %2/#'
  32. 32. 5;56'/%10(+)74#6+10 'ZRCPUKQP+1YKVJ1WVRWV6GTOKPCNU • %2/#'4 • %2/#'6 •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
  33. 33. 5;56'/%10(+)74#6+10 #PCNQI+17PKV%QORQPGPVU %2/#/# #PCNQI6GTOKPCNU %QPPGEVUVJGWPKVVQCPCNQIKPRWVFGXKEGUCPFCPCNQIQWVRWVFGXKEGU 'ZRCPUKQP+1WPKV%QPPGEVKPI%CDNG %QPPGEVUVJG#PCNQI+1WPKVVQVJG'ZRCPUKQP%QPPGEVQTQPVJG2.%IU%277PKVQTCPQVJGT 'ZRCPUKQP7PKV 'ZRCPUKQP%QPPGEVQT %QPPGEVUVQCPQVJGT'ZRCPUKQP7PKV 'ZRCPUKQP+17PKV#PCNQI7PKVQT%QORQ$WU5+1 .KPM7PKV7RVQ'ZRCPUKQP7PKVECPDGEQPPGEVGFVQC%27WPKV %QORQ$WU56GTOKPCNU %2/#546
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
  38. 38. 5;56'/%10(+)74#6+10 HQTOCVU 45#FCRVGT 6GTOKPCVKQP4GUKUVCPEG5YKVEJ 5GVVJG.KPM#FCRVGTCPF45#FCRVGTCVGCEJGPFQHVJGOCKPNKPGVQK10LYJGPWUKPI VJGVGTOKPCVKQPTGUKUVCPEGUYKVEJ %QPPGEVQT %QPPGEVUVQVJG%27IU2GTKRJGTCN2QTV 452QTV %QPPGEVUVQVJG*QUV.KPMPGVYQTM
  39. 39. 5;56'/%10(+)74#6+10 • VQ2%%QOOWPKECVKQP.KPMU #FCVCNKPMECPDGETGCVGFYKVJVJG.4FCVCCTGCKPCPQVJGT%2/#%2/%3/54/QT %*5 2% QT %*:*'*) 2% #P 45% #FCRVGT KU WUGF VQ OCMG VJG VQ EQPPGEVKQP 0COG 7UCIG /QFGNPWODGT 45%#FCRVGT %QPXGTVUVQRGTKRJGTCNRQTVHQTOCV %2/%+(
  40. 40. 5;56'/%10(+)74#6+10 • 06.KPM%QOOWPKECVKQP 06 .KPM KU C JKIJ URGGF KPVGTHCEG DGVYGGP VJG %2/# CPF C 2TQITCOOCDNG 6GTOKPCN 6JG 45%CFCRVGTPGGFUVQDGWUGFHQTVJKUEQPPGEVKQPYKVJVJGOQFGUYKVEJQPVJGCFCRVGTUGVVQ K06.KPML 0COG 7UCIG /QFGNPWODGT 45%#FCRVGT %QPXGTVUVQRGTKRJGTCNRQTVHQTOCV %2/%+( • 2TQITCOOKPI'ZCORNGQH2.%.KPM$GVYGGP%2/#7PKVU 1/4102TQITCOOCDNG6GTOKPCN 45%%CDNG 45% #FCRVGT %2/#%27 45%%CDNG 45% #FCRVGT %2/# %2745% #FCRVGT %2/#%27 /18 /18 .4 '0 #NYC[U 10 5GPFFCVCQH /CUVGT VQ 5NCXG 4GEGKXG5NCXG FCVC /18 /18 .4 '0 #NYC[U 10 5GPFFCVCQH 5NCXGVQ /CUVGT 4GEGKXGFCVC HTQO /CUVGT 0QVG5GV/CPF OWUVUGVKPVGTHCEGVQ06 0QVG5GV/CPF OWUVUGVKPVGTHCEGVQ06 /#56'4241)4#/ 5.#8'241)4#/
  41. 41. 5;56'/%10(+)74#6+10 Y %2/#%QOOWPKECVKQP(WPEVKQPU 6JKU UGEVKQP FGUETKDGU JQY VQ WUG %2/# EQOOWPKECVKQPU HWPEVKQPU 6JG HQNNQYKPI V[RGU QH EQOOWPKECVKQPU CTG DGKPI FGUETKDG *QUV .KPM 0Q2TQVQEQN 06 .KPM QT QPGVQQPG NKPM EQOOWPKECVKQPU • *QUV.KPM%QOOWPKECVKQPU *QUV.KPMEQOOWPKECVKQPCTGCCEQPXGTUCVKQPCNV[RGEQOOWPKECVKQPRTQVQEQNKPYJKEJVJG2.% UGPFUTGURQPUGUVQEQOOCPFUKUUWGFHTQOCJQUVEQORWVGTCPFECPDGWUGFVQTGCFQTYTKVGFCVC KP2.%IUFCVCCTGCUCPFEQPVTQNUQOG2.%QRGTCVKQPU*QUV.KPMEQOOWPKECVKQPUECPDGWUGF VJTQWIJVJGRGTKRJGTCNRQTVQTVJG%2/#IU45%RQTV
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
  43. 43. 5;56'/%10(+)74#6+10 • 0Q2TQVQEQN%QOOWPKECVKQP 45%%QOOWPKECVKQP 9JGPPQRTQVQEQNEQOOWPKECVKQPUCTGWUGFFCVCECPDGGZEJCPIGFYKVJUGTKCNFGXKEGUUWEJCU DCTEQFGTGCFGTUCPFUGTKCNRTKPVGTUWUKPI6: CPF4: 0QRTQVQEQNEQOOWPKECVKQPU ECPDGWUGFYKVJGKVJGTCP45%RQTVQTRGTKRJGTCNRQTV 0QVG 9JGPWUKPIVJG0QRTQVQEQNEQOOWPKECVKQPKVKUPGEGUUCT[VQUGVWRVJGEQOOWPKECVKQPUGVVKPIKP VJG/CTGC(QTFGVCKNRNGCUGTGHGTVQ#RRGPFKZDGJKPF 45%FGXKEGU $CT%QFGTGCFGT 5GTKCN2TKPVGT 1VJGT 45%RQTV %2/#%277PKV %2/#%277PKV 45%FGXKEGU $CT%QFGTGCFGT 5GTKCN2TKPVGT 1VJGT %2/#%+(45%#FCRVGT %65EQPVTQNECPPQVDGWUGF 2GTKRJGTCNRQTV 45%FGXKEGU $CT%QFGTGCFGT 5GTKCN2TKPVGT 1VJGT %3/%+(45%#FCRVGT %65EQPVTQNECPPQVDGWUGF 2GTKRJGTCNRQTV %2/#%277PKV
  44. 44. 5;56'/%10(+)74#6+10 • 06.KPM%QOOWPKECVKQP 6JG 06 .KPM CNNQYU C %2/# 2.% VQ DG EQPPGEVGF FKTGEVN[ VQ CP 1/410 2TQITCOOCDNG 6GTOKPCN6JGTGKUPQPGGFHQTCEQOOWPKECVKQPURTQITCOQPVJG2.%6JG06.KPMECPDGWUGF YKVJC45%RQTV • 1PGVQQPG.KPMEQOOWPKECVKQPU #QPGVQQPGFCVCNKPMQHWRVQDKVU .4VQ.4ECPDGETGCVGFYKVJVJGFCVCCTGC QHCPQVJGT%2/#%3/%2/#54/ 8QTC%*:*)*'2.%YJGTGQPGUGTXGU CUVJG/#UVGTVJCVQVJGTCU5NCXG6JGTGKUPQPGGFHQTCEQOOWPKECVKQPURTQITCOQPVJG2.% 6JGQPGVQQPGNKPMECPDGWUGFYKVJCP45%RQTV 6JGNKPMTGNC[CTGCQPVJG%2/#2.%UKUQPN[YQTFU.4VQ.49JGPRGTHQTOKPIC QPGVQQPG NKPM YKVJ C %2/# 2.% CPF %3/ %*5 QT %*9*)*' WUG VJG EQTTGURQPFKPIYQTFU.4VQ.4QPVJG%3/%*5QT%*9*)*'#QPGVQ QPGNKPMYKVJC%2/#2.%ECPPQVDGRGTHQTOGFWUKPI.4VQ.4
  45. 45. 5;56'/%10(+)74#6+10 •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
  46. 46. 5;56'/%10(+)74#6+10 • 2GTKRJGTCNGXKEG%QPPGEVKQPU %2/#CPF%2/#RTQITCOOKPIECPDGETGCVGFQTGFKVGFYKVJC2TQITCOOKPI%QPUQNGQTC RGTUQPCNEQORWVGTTWPPKPI5;59+0 • 2TQITCOOKPI%QPUQNG #%3/24'QT%*241'2TQITCOOKPI%QPUQNGECPDGEQPPGEVGFVQVJG%2/ CPF%2/#CUUJQYPKPVJGHQNNQYKPIFKCITCO 0COG /QFGNPWODGT %3/UGTKGU2TQITCOOKPI%QPUQNG 6JG%QPPGEVKPI%CDNGKUCVVCEJGF %3/241' %*UGTKGU2TQITCOOKPI%QPUQNG %CDNG%*%0PGGFGFHQTEQPPGEVKQP %*241' %3/241' %*241' %2/#%27 %2/#%27 %*%0 O %*%0 O
  47. 47. 5;56'/%10(+)74#6+10 • 5;5/#%9KPFQYDCUGF5WRRQTV5QHVYCTG #P+$/2%#6EQORCVKDNGRGTUQPCNEQORWVGTTWPPKPI5;59+0ECPDGEQPPGEVGFVQVJG%2/# CUUJQYPKPJGHQNNQYKPIFKCITCO $[45%2QTV %QPPGEVVQVJG%277PKVU45%RQTVYKVJCP:9=?5QT:9=?58%QPPGEVKPI %CDNGQT*QUVNKPM%CDNG5GNHOCFG 0QVG 6JG:9 5ECDNGUJCXGC5WDRKPEQPPGEVQTCPFVJG:9 58ECDNGUJCXGC 5WDRKPEQPPGEVQT %2/# %2/# %2/#%+( 45%%CDNG %3/%+( +$/2%#6QT EQORCVKDNGEQORWVGT 5;59+0 +$/2%#6QT EQORCVKDNGEQORWVGT 5;59+0 45%%CDNG
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
  49. 49. 5;56'/%10(+)74#6+10 •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
  50. 50. 5;56'/%10(+)74#6+10 • 2.%'NGEVTKECN9KTKPI'ZCORNG +02769+4+0) %8 1762769+4+0) %QPVCEV %1/ %1/ %1/ %1/ %1/ ) $ % 8 8 0 . (WUG %* +PFKECVQT 5QNGPPQKF 8CNXG # /QVQT %QPVCEVQT %2/ 8 020 2TQZKOKV[ 5GPUQT .KIJV 5QWTEG 4GEGKXGT 5GSWGPEG6[RG2JQVQ 5GPUQT 020 8 +PVGTNQEM%QPVCEV %1/ %* %2/ 2WUJ $WVVQP .KOKV 5YKVEJ
  51. 51. ('#674'5(70%6+105 3-1 Y %2/#)GPGTCN • 6JG%2/#KUCEQORCEV2.%YKVJQT+1VGTOKPCNUDWKNVKPVQVJG%27 • #P'ZRCPUKQP+17PKVECPDGEQPPGEVGFVQVJGCPF+1−RQKPV%27VQCFFCPGZVTC+1 RQKPV • (NCUJOGOQT[RTQXKFGUOGOQT[DCEMWRYKVJQWVCDCVVGT[ • 6JG %2/#−%4− 2%U ECP JCPFNG KPVGTTWRV KPRWVU VJG %2/#−%4− %2/#−%4− CPF%2/#−%4− 2%UECPJCPFNGKPVGTTWRVKPRWVU+PCFFKVKQPVQ PQTOCNKPRWVKPVGTTWRVUVJG%2/#JCUCEQWPVGTOQFGVJCVEQWPVUJKIJURGGFKPRWVUKIPCNU CPFVTKIIGTUKPVGTTWRVUCVHKZGFEQWPVOWNVKRNGU • 3WKEMTGURQPUGKPRWVUECPFGVGEVKPRWVUKIPCNUYKVJCRWNUGYKFVJCUUJQTVCUOUTGICTFNGUU QHVJGKTVKOKPIFWTKPIVJG2.%E[ENG3WKEMTGURQPUGKPRWVUCPFKPVGTTWRVKPRWVUWUGVJGUCOG KPRWVVGTOKPCNU • %2/#2.%UJCXGCJKIJURGGFKPVGTXCNVKOGTYJKEJECPDGUGVHTQOOUVQOU 6JGVKOGTECPDGUGVVQVTKIIGTCUKPINGKPVGTTWRV QPGUJQVOQFGQTTGRGCVUEJGFWNGFKPVGTTWRVU UEJGFWNGFKPVGTTWRVOQFG • %2/#2.%UJCXGCJKIJURGGFEQWPVGTVJCVECPDGWUGFKPKPETGOGPVCNOQFGQTWRFQYP OQFG6JGJKIJURGGFEQWPVGTECPDGEQODKPGFYKVJKPRWVKPVGTTWRVUVQRGTHQTOVCTIGVXCNWG EQPVTQNQTQPGEQORCTKUQPEQPVTQNVJCVKUP1VCHHGEVGFD[VJG2.%1UE[ENGVKOG • 6JG%2/#2.%UJCXGCPCNQIXQNWOGEQPVTQNUVJCVECPDGWUGFVQOCMGOCPWCNCPCNQI UGVVKPIUOCPWCNN[6JGUGECPDGWUGFVQGZVGTPCNN[UGVVKOKPIQTEQWPVGTXCNWGUGVE • 6JG %2/# 2.%U CTG EQORCVKDNG YKVJ VJG *QUV .KPM YJKEJ CNNQYU EQOOWPKECVKQPU YKVJ RGTUQPCNEQORWVGTUQT2TQITCOOCDNG6GTOKPCNU • #P45−%#FCRVGTKUWUGFHQT−VQ−EQOOWPKECVKQPUCPFCP45−#FCRVGTKUWUGFHQT −VQ−PEQOOWPKECVKQPU • # FCVC NKPM ECP DG ETGCVGF YKVJ VJG .4 FCVC CTGC KP CPQVJGT %2/# %2/ %3/ QT %*52.%#P45−%#FCRVGTKUWUGFVQOCMGVJG−VQ−EQPPGEVKQP • *KIJ−URGGF/CP−/CEJKPG+PVGTHCEGQRGTCVKQPUECPDGCEJKGXGFD[EQPPGEVKPIVJG%2/#VQ VJG2TQITCOOCDNG6GTOKPCNVJTQWIJVJG06.KPM+PVGTHCEG#P45−#FCRVGTKUWUGFHQT VJKUEQPPGEVKQP • 6JG %2/# WUGU VJG UCOG 2TQITCOOKPI %QPUQNGU CPF 5[UYKP 2TQITCOOKPI 5QHVYCTG CU QVJGT1OTQP%5GTKGU2.%U
  52. 52. ('#674'5(70%6+105 3-2 • #PCNQI5GVVKPI(WPEVKQP %2/#2.%UJCXGCPCNQIXQNWOGEQPVTQNUVJCVECPWUGFVQOCMGCPCNQIVKOGTCPFEQWPVGT UGVVKPIUOCPWCNN[9JGPQPGQHVJGXQNWOGEQPVTQNUKUVWTPGFVJGEQPVGPVQHVJGEQTTGURQPFKPI +PVGTPCN4GNC[YQTFKUUGVCWVQOCVKECNN[DGVYGGPCPF $% 6JGHQNNQYKPIVCDNGUJQYUYJKEJ54DKVUCTGCNNQECVGFVQVJG+1VGTOKPCNUQPVJG%2/#1U%27 CPF'ZRCPUKQP+17PKV %QPVTQN %QTTGURQPFKPI+4YQTF 5GVVKPITCPIG $% #PCNQIXQNWOGEQPVTQN 54 #PCNQIXQNWOGEQPVTQN 54 VQ Analog setting 0 Analog setting 1 * Philip screwdriver is required.
  53. 53. ('#674'5(70%6+105 3-3 • +PRWVU+PVGTTWRVU 6JGTGCTGVYQKPRWVKPVGTTWRVUKPVJG%2/#−RQKPV+1%27CPFHQWTKPVJG−−CPF −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−%4− +4VQ+4 %2/#−%4− %2/#−%4− %2/#−%4− +4VQ+4 OU M*KP%QWPVGT/QFG /18 # '0 /CKP2TQITCO 4'6 /18 5$0 +PVGTTWRV2TQITCO +PRWVKPVGTTWRV
  54. 54. ('#674'5(70%6+105 3-4 • 3WKEMTGURQPUG+PRWVU(WPEVKQPU 6JG %2/#−%4−=? 2.%U JCXG SWKEMTGURQPUG KPRWV VGTOKPCNU CPF VJG %2/#−%4−=?%4−=?%4−=?2.%UJCXGSWKEMTGURQPUGKPRWVVGTOKPCNU 6JGUCOGVGTOKPCNUCTGWUGFHQTSWKEMTGURQPUGKPRWVUCPFKPVGTTWRVKPRWVU 3WKEMTGURQPUG KPRWVU JCXG CP KPVGTPCN DWHHGT UQ KPRWV UKIPCNU UJQTVGT VJCP QPG E[ENG ECP DG FGVGEVGF 6JGHQNNQYKPIVCDNGUJQYUVJGKPRWVDKVUWUGHQT3WKEMTGURQPUGKPRWVHWPEVKQP 2%OQFGN +PRWVDKVU /KPKOWOKPRWVRWNUGYKFVJ %2/#−%4−=? +4VQ+4 %2/#−%4−=? %2/#−%4−=? %2/#−%4−=? +4VQ+4 OU • +PVGTXCN6KOGT(WPEVKQP %2/#CTGGSWKRRGFYKVJCPKPVGTXCNVKOGTYJKEJECPDGUGVHTQOOUVQOUKPWPKVU QHOU6JGVKOGTECPDGUGVVQVTKIIGTCUKPINGKPVGTTWRV QPG−UJQVOQFGQTTGRGCVUEJGFWNGF KPVGTTWRVU UEJGFWNGFKPVGTTWRVOQFG /QFG (WPEVKQP 1PG−UJQV )GPGTCVGUCUKPINGKPVGTTWRVVJGHKTUVVKOGVJCVVJGVKOGTVKOGUQWV 5EJGFWNGFKPVGTTWRV )GPGTCVGUCPKPVGTTWRVGCEJVKOGVJCVVJGVKOGTVKOGUQWV Overseeing process Program execution I/O refreshing Overseeing process Program execution I/O refreshing OU OKP 1PGE[ENG Input signal (00003) IR 00003
  55. 55. ('#674'5(70%6+105 3-5 • *KIJURGGF%QWPVGT %2/# JCXG C JKIJ−URGGF EQWPVGT HWPEVKQP VJCV ECP DG WUGF KP KPETGOGPV OQFG QT WRFQYP OQFG7UKPIVJKUHWPEVKQPVQIGVJGTYKVJVJGKPRWVKPVGTTWRVUGPCDNGUVCTIGVXCNWGEQPVTQNQTQPG EQORCTKUQPEQPVTQNKTTGNGXCPVQHVJG2.%1UE[ENGVKOG /QFG +PETGOGPVCN 7RQYP %QWPVKPRWV #−RJCUGKPRWV $−RJCUGKPRWV +PRWVPQ 4GUGVKPRWV −RJCUGKPRWV +PRWVOGVJQF UKPING−RJCUGKPRWV 2JCUG−FKHHGTGPEGZKPRWVU %QWPVHTGSWGPE[ M* M* %QWPVTCPIG VQ −VQ 6CTIGVXCNWG EQPVTQN 7RVQVCTIGVXCNWGUCPFKPVGTTWRVUWDTQWVKPGPWODGTUECP DGTGIKUVGTGF %QPVTQN OGVJQF QPGEQORCTKUQP EQPVTQN 7RVQUGVUQHWRRGTCPFNQYGTNKOKVXCNWGUCPFKPVGTTWRV UWDTQWVKPGPWODGTUECPDGTGIKUVGTGF 0QVG+PKPETGOGPVOQFGVJKUKPRWV ECPDGWUGFCUCPTGIWNCTKPRWV 00000 00001 00002 4GUGVKPRWV %QWPVKPRWV 5QNGPQKF +PXGTVGT etc. 5GPUQT 4QVCT[ 'PEQFGT
  56. 56. ('#674'5(70%6+105 3-6 Y %2/#)GPGTCN • 6JG%/2#KUCEQORCEV2.%YKVJQT+1VGTOKPCNUDWKNVKP • 'ZRCPUKQP7PKVECPDGEQPPGEVGFVQVJGQT+1RQKPV%27VQCFFGZVTC+1RQKPVU /CZKOWOQH GZRCPUKQPWPKVECPDGEQPPGEVGFHQTCOCZKOWO+1EQPHKIWTCVKQPQH RQKPVU • %2/#2.%UJCXGDWKNVKP45%RQTVCPF2GTKRJGTCN2QTV • %2/#2.%UJCXGCJKIJURGGFEQWPVGTVJCVECPDGWUGFKP+PETGOGPVCNOQFG2WNUG KTGEVKQPKPRWVOQFGCPF7RQYPRWNUGKPRWVOQFGYJKEJCNNQYUCTGURQPUGHTGSWGPE[QH WRVQM*6JGJKIJURGGFEQWPVGTECPDGCNUQDGWUGFKPKHHGTGPVKCNRJCUGKPRWVOQFG YKVJCOCZKOWOTGURQPUGHTGSWGPE[QHM* • %/2#2.%UJCXGRQKPVUHQTKPVGTTWRVKPRWVUHWPEVKQP • %/2# 2.%U JCXG CPCNQI XQNWOG EQPVTQNU VJCV ECP DG WUGF VQ OCMG CPCNQI UGVVKPI OCPWCNN[HQTKPUVCPEGGZVGTPCNN[UGVEQPVTQNRGTKQFQTEQWPVGTXCNWGUGVE • %2/#2.%UJCXGRWNUGQWVRWVU • %2/# %6CPF%2/# %6JCXG5[PEJTQPKGF2WNUGEQPVTQN
  57. 57. ('#674'5(70%6+105 3-7 •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→KPVGTTWRVKPRWV→+PVGTTWRVKPRWV→+PVGTTWRVKPRWV→ KPENWFKPIEQWPV WROQFG +PVGTXCNVKOGTKPVGTTWRV→*KIJURGGFEQWPVGTKPVGTTWRV +PVGTTWRVKPRWVU %QWPVWRKPVGTTWRVU +PVGTXCNVKOGT KPVGTTWRVU *KIJURGGFEQWPVGT EQWPVEJGEMKPVGTTWRVU = =
  58. 58. ('#674'5(70%6+105 3-8 • +PVGTTWRV+PRWVU $[VWPKPIVJG%2/#%277PKV1UDWKNVKPKPRWVRQKPVUHTQO1((VQ10VJGPQTOCNRTQITCOECP DGUVQRRGFCPFVJGKPVGTTWRVRTQITCOGZGEWVGF6JGKPVGTTWRVKPRWVUCTGCNNQECVGFVQHQWTRQKPVU VQ +PRWV0WODGT +PVGTTWRV 0WODGT 5WDTQWVKPG 0WODGT /KPKOWOKPRWV UKIPCNYKFVJ +PVGTTWRVTGURQPUG VKOG OU OU HTQOYJGP KPRWVVWTPU10 WPVKNRTQITCO GZGEWVKQP • +PVGTXCN6KOGT+PVGTTWRVU 6JG%2/#JCUQPGKPVGTXCNVKOGT RTGEKUKQPOUVJCVECPDGUGVHTQOOUVQ OU6JGTGCTGVYQKPVGTTWRVOQFGUVJGQPGUJQVOQFGKPYJKEJCUKPINGKPVGTTWRVKUGZGEWVGF YJGPVJGVKOGKUWRCPFVJGUEJGFWNGKPVGTTWRVOQFGKPYJKEJKPVGTTWRVUCTGGZGEWVGFCVTGIWNCT KPVGTXCNU
  59. 59. ('#674'5(70%6+105 3-9 1PGUJQVOQFG 5EJGFWNG+PVGTTWRVOQFG 1RGTCVKQP +PVGTTWRVKUGZGEWVGF QPEGYJGPVKOGJCU GNCRUGF +PVGTTWRVKUGZGEWVGFCV TGIWNCTKPVGTXCNU 5GVVKOG VQOU 7PKVOU +PVGTTWRV TGURQPUGVKOG OU HTQOYJGPVKOGJCUGNCRUGFWPVKNGZGEWVKQP QHKPVGTTWRVRTQITCO • *KIJ5RGGF%QWPVGTU 6JG%2/#%277PKVJCUCVQVCNQHHKXGRQKPVUHQTJKIJURGGFEQWPVGTUQPGRQKPVHQTJKIJURGGF EQWPVGT YKVJ C OCZKOWO TGURQPUG HTGSWGPE[ QH M* CPF HQWT RQKPVU HQT KPVGTTWRV KPRWVU EQWPVGTOQFG 6JG%2/#RTQXKFGUDQVJCDWKNVKPJKIJURGGFEQWPVGTCPFDWKNVKPKPVGTTWRVKPRWVU *KIJ5RGGFEQWPVGTU *KIJ5RGGFEQWPVGTU +PVGTTWRVKPRWVU EQWPVGTOQFG 0QKPVGTTWRVU %QWPVEJGEM KPVGTTWRVU 0QKPVGTTWRVU %QWPVEJGEM KPVGTTWRVU 6CTIGVXCNWG EQORCTKUQP+PVGTTWRVU 4CPIGEQORCTKUQP KPVGTTWRVU RQKPV RQKPVU
  60. 60. ('#674'5(70%6+105 3-10 • +PVGTTWRV+PRWVU %QWPVGT/QFG +PVGTTWRVKPRWVU EQWPVGTOQFGCTGEQWPVGTUDCUGFQPKPRWVUVQVJG%277PKV1UDWKNVKPRQKPVU VQ6JGUGEQWPVGTUJCXGHQWTRQKPVUCPFVJG[ECPRTQXKFGGKVJGTCPKPETGOGPVKPIQT FGETGOGPVKPIEQWPVFGRGPFKPIQPVJGOQFGUGVVKPI5KPEGVJKUHWPEVKQPWVKNKGUKPVGTTWRVKPRWVUHQT EQWPVKPIKVKUPQVRQUUKDNGVQWUGVJGUCOGKPRWVUHQTQVJGTKPVGTTWRVKPRWVU +PRWV0WODGT 0QVG 4GURQPUG HTGSWGPE[ +PRWV/QFG %QWPVXCNWG %QPVTQN/GVJQF M* +PETGOGPVKPIEQWPVGT VQ(((( GETGOGPVKPIEQWPVGT VQ (((( %QWPVWRKPVGTTWRVU •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
  62. 62. ('#674'5(70%6+105 3-12 • *KIJ5RGGF%QWPVGT 6JGDWKNVKPJKIJURGGFEQWPVGTKUCEQWPVGTDCUGFQPKPRWVUVQ%277PKV1UDWKNVKPRQKPVU VQ6JGJKIJURGGFEQWPVGTKVUGNHJCUQPGRQKPVCPFKVECPRTQXKFGGKVJGTCPKPETGOGPVKPI FGETGOGPVKPIQTLWUVCPKPETGOGPVKPIEQWPVFGRGPFKPIQPVJGOQFGUGVVKPI +PRWV0Q 5GG0QVG 4GURQPUG HTGSWGPE[ +PRWVOQFG EQWPVXCNWG %QPVTQN/GVJQF M* KHHGTGPVKCNRJCUGKPRWVOQFG VQ M* 2WNUG FKTGEVKQPKPRWVOQFG VQ 7RFQYPRWNUGKPRWVOQFG VQ +PETGOGPVOQFG VQ 6CTIGVXCNWGEQORCTKUQP KPVGTTWRVU 4CPIGEQORCTKUQPKPVGTTWRVU +PRWVRQKPVUPQVWUGFHQTEQWPVGTKPRWVUECPDGWUGFCUQTFKPCT[KPRWVU 'ZCORNGQHWUKPI*KIJ5RGGF%QWPVGT 6JG%2/#1U%277PKVJCUQPGDWKNVKPEJCPPGNHQTCJKIJURGGFEQWPVGTVJCVECPEQWPVKPRWVUCV C OCZKOWO QH M* 7UKPI VJG EQPLWPEVKQP YKVJ VJG KPVGTTWRV HWPEVKQP GPCDNGU VCTIGV XCNWG EQORCTKUQPEQPVTQNQTTCPIGEQORCTKUQPEQPVTQNVQDGGZGEWVGFYKVJQWVFGXKCVKPIHTQOVJGE[ENG VKOG +PRWV/QFG KHHGTGPVKCNRJCUG KPRWVOQFG 2WNUG FKTGEVKQP QWVRWVU 7RFQYPRWNUG QWVRWVU +PETGOGPVOQFG #RJCUGKPRWV %QWPVKPRWV %9KPRWV %QWPVKPRWV $RJCUGKPRWV KTGEVKQPKPRWV %%9KPRWV 5GGPQVG +PRWV PWODGT RJCUGKPRWV 4GUGVKPRWVU 5GGPQVG +PRWVOGVJQF KHHGTGPVKCNRJCUG KPRWV Z 2JCUGKPRWVU 2JCUGKPRWVU 2JCUGKPRWVU 4GURQPUGHTGSWGPE[ M* M* M* M* %QPVTQNXCNWG VQ VQ %QWPVGT28UVQTCIG FGUVKPCVKQP UGGPQVG 9QTFU54 TKIJVOQUVFKIKVCPF54 NGHVOQUVFKIKV 6CTIGVXCNWG EQORCTKUQP 7RVQVCTIGVXCNWGUCPFKPVGTTWRVUWDTQWVKPGPWODGTECPDGTGIKUVGTGFKPGKVJGT VJGKPETGOGPVKPIQTFGETGOGPVKPIFKTGEVKQP +PVGTTWRVU 4CPIG %QORCTKUQP 7RVQTCPIGU YKVJWRRGTCPFNQYGTNKOKVUCPFUWDTQWVKPGPWODGTUECPDG TGIKUVGTGF %QWPVGTTGUGVOGVJQF RJCUGUKIPCN UQHVYCTGTGUGV%QWPVGTKUTGUGVYJGP+4VWTPU10 YJKNG54KU10 5QHVYCTGTGUGVEQWPVGTKUTGUGVYJGP54VWTPU10
  63. 63. ('#674'5(70%6+105 3-13 0QVG +PRWVRQKPVUPQVWUGFHQTEQWPVGTKPRWVUECPDGWUGFCUQTFKPCT[KPRWVU 9JGPPQVWUGFHQTEQWPVGT28UVQTCIGFGUVKPCVKQPVJGUGYQTFUECPDGWUGFCUQTFKPCT[+4 YQTFU •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±VQ ±VQ WV[TCVKQ VQ /QXGOGPV URGEKHKECVKQP ;GU 0Q ;GU ;GU #EEGNGEGNG URGEKHKECVKQP 0Q 0Q ;GU ;GU 5VCTV5RGGF URGEKHKECVKQP 0Q 0Q ;GU ;GU %QPVTQN OGVJQF WV[ URGEKHKECVKQP 0Q ;GU 0Q 0Q
  64. 64. ('#674'5(70%6+105 3-14 9KVJUKPINGRJCUGRWNUGQWVRWVURWNUGQWVRWVUCPFECPGCEJDGQWVRWVKPFGRGPFGPVN[ 2WNUGQWVRWVUECPDGCEEGNGTCVGFQTFGEGNGTCVGFKPWPKVUQH*GXGT[OU •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±* *VQM* CEEWTCE[±* *VQM* CEEWTCE[±* 5GGPQVG 2WNUGQWVRWV1WVRWVPWODGT 5GGPQVG 2WNUGQWVRWV 1WVRWVOGVJQF 5KPINGRJCUGQWVRWV 1WVRWVHTGSWGPE[TCPIG *VQM* CEEWTCE[* (TGSWGPE[TCVKQ VQ %CPDGURGEKHKGFKPWPKVUQH 5[PEJTQPKGFEQPVTQNE[ENG OU %CPCNUQDGWUGFCUCPQTFKPCT[KPRWV 9JGPM*QTNGUUVJGPVJGCEEWTCE[KU±* 'KVJGTECPDGUGNGEVGFCUVJGQWVRWVPWODGTWUKPI5;0%
  65. 65. ('#674'5(70%6+105 3-15 • #PCNQI%QPVTQNU 6JG %2/# JCU VYQ CPCNQI EQPVTQNU VJCV ECP DG WUGF HQT C YKFG TCPIG QH VKOGT CPF EQWPVGT CPCNQIUGVVKPIU#UVJGUGEQPVTQNUCTGVWTPGFXCNWGUHTQOVQ $%CTGUVQTGFKPVJG54 #TGC %QPVTQN %QTTGURQPFKPI+4YQTF 5GVVKPITCPIG $% #PCNQIXQNWOGEQPVTQN 54 #PCNQIXQNWOGEQPVTQN 54 VQ 6JGUVQTCIGCTGCKUTGHTGUJGFQPEGYKVJGXGT[%2/#E[ENG • 3WKEMTGURQPUG+PRWVU 6JG%2/#JCUHQWTKPRWVUWUGFHQTSWKEMTGURQPUGKPRWVU UJCTGFYKVJKPVGTTWRVKPRWVUCPF M*JKIJURGGFEQWPVGTKPRWVU9KVJSWKEMTGURQPUGKPRWVUUKIPCNUVJCVCTGEJCPIGFYKVJKPC UECPECPDGTGEGKXGFD[OCKPVCKPKPICPKPVGTPCNDWHHGT 5JCTGF RTQEGUUKPI %CNEWNCVKQP RTQEGUUKPI +1TGHTGUJ %CNEWNCVKQP RTQEGUUKPI 5JCTGF RTQEGUUKPI +1TGHTGUJ UECP +PRWVVGTOKPCN
  66. 66. ('#674'5(70%6+105 3-16 +PRWVPWODGT 5GGPQVG /KPKOWOKPRWVUKIPCNYKFVJ µ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• /CTEQ(WPEVKQP 6JG OCETQ HWPEVKQP CNNQYU C UKPING UWDTQWVKPG RTQITCOOKPI RCVVGTP VQ DG WUGF D[ UKORN[ EJCPIKPIVJG+1YQTF#PPWODGTQHUKOKNCTRTQITCOUGEVKQPUECPDGOCPCIGFYKVJLWUVQPG UWDTQWVKPGVJGTGD[ITGCVN[TGFWEKPIVJGPWODGTQHUVGRUKPVJGRTQITCOCPFOCMKPIVJGRTQITCO GCUKGTVQWPFGTUVCPF 6QWUGCOCETQECNNCUWDTQWVKPGD[OGCPUQHVJG/#%41KPUVTWEVKQP/%4% CUUJQYP DGNQYKPUVGCFQH5$5 57$4176+0''064; /%41 5WDTQWVKPG0Q (KTUVKPRWVYQTF (KTUVQWVRWVYQTF
  67. 67. 70+652'%+(+%#6+105#0%1/210'065 Y )GPGTCN5RGEKHKECVKQPUQH%2/#%27U7PKV +VGO RQKPV+1 RQKPV+1 RQKPV+1 RQKPV+1 #%V[RG VQ8#%*5WRRN[XQNVCIG %V[RG 8% #%V[RG VQ8#%1RGTCVKPIXQNVCIG TCPIG %V[RG VQ8% #%V[RG 8#OCZ 8#OCZ2QYGTEQPUWORVKQP %V[RG 9OCZ 9OCZ +PTWUJEWTTGPV #OCZ #OCZ 2QYGTUWRRN[ XQNVCIG 8%'ZVGTPCNRQYGT UWRRN[ #%V[RG QPN[ 2QYGTUWRRN[ QWVRWVECRCEKV[ O# O# +PUWNCVKQPTGUKUVCPEG /ΩOKP CV8%DGVYGGPVJGGZVGTPCN#%VGTOKPCNU CPFRTQVGEVKXGGCTVJVGTOKPCNU KGNGEVTKEUVTGPIVJ 8#%*HQTOKPDGVYGGPVJGGZVGTPCN#%CPF RTQVGEVKXGGCTVJVGTOKPCNUNGCMCIGEWTTGPVO#OCZ 0QKUGKOOWPKV[ 8R−RRWNUGYKFVJVQµUTKUGVKOGPU XKCPQKUG UKOWNCVKQP 8KDTCVKQPTGUKUVCPEG VQ*−OOCORNKVWFGVQ*CEEGNGTCVKQP OU )KP:;CPFFKTGEVKQPUHQTOKPWVGUGCEJ KGUYGRVHQTOKPWVGUVKOGU 5JQEMTGUKUVCPEG OU )VJTGGVKOGUGCEJKP:;CPFFKTGEVKQPU #ODKGPVVGORGTCVWTG 1RGTCVKPI VQ % 5VQTCIG− VQ % #ODKGPV*WOKFKV[ QRGTCVKPI VQ YKVJPQEQPFGPUCVKQP #ODKGPVGPXKTQPOGPV QRGTCVKPI 9KVJPQEQTTQUKXGICU 6GTOKPCNUETGYUKG / 2QYGTUWRRN[JQNFKPIVKOG #%V[RGOUOKP%V[RGOUOKP #RQYGTKPVGTTWRVKQPQEEWTUKHRQYGTHCNNUDGNQYQHVJG TCVGFXQNVCIGHQTNQPIGTVJCPVJGRQYGTKPVGTTWRVKQPVKOG #%V[RG IOCZ IOCZ IOCZ IOCZ%27YGKIJV %V[RG IOCZ IOCZ IOCZ IOCZ 0QVG 6JGURGEKHKECVKQPUQHVJG'ZRCPUKQP+17PKVCTGVJGUCOGCUHQTVJG%27GZEGRVVJCVVJGRQYGTKU UWRRNKGFHTQOVJG%27CPFVJGYGKIJVKUI
  68. 68. 70+652'%+(+%#6+105#0%1/210'065 Y %JCTCEVGTKUVKEU +VGO RQKPV+1 RQKPV+1 RQKPV+1 RQKPV+1 %QPVTQNOGVJQF 5VQTGFRTQITCOOGVJQF +1EQPVTQNOGVJQF %QODKPCVKQPQHVJGE[ENKEUECPCPFKOOGFKCVGTGHTGUJRTQEGUUKPIOGVJQFU 2TQITCOOKPINCPIWCIG .CFFGTFKCITCO +PUVTWEVKQPNGPIVJ UVGRRGTKPUVTWEVKQPVQYQTFURGTKPUVTWEVKQP 6[RGUQHKPUVTWEVKQPU $CUKEKPUVTWEVKQP 5RGEKCNKPUVTWEVKQPUV[RGUKPUVTWEVKQPU 'ZGEWVKQPVKOG $CUKEKPUVTWEVKQPUVQµU 5RGEKCNKPUVTWEVKQPUµ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−OUVKOGTU6+/VQ6+/ −OUVKOGTU6+/VQ6+/ GETGOGPVKPIEQWPVGTUCPFTGXGTUKDNGEQWPVGTU CVCOGOQT[ 4GCFYTKVGYQTFU /VQ/ 4GCF−QPN[YQTFU /VQ/ +PVGTTWRVRTQEGUUKPI RQKPVU 4GURQPUG VKOGOUOCZ RQKPVU 4GURQPUGVKOGOUOCZ /GOQT[RTQVGEVKQP *4#4CVC/GOQT[CTGCEQPVGPVUCPFEQWPVGTXCNWGUOCKPVCKPGFFWTKPI RQYGTKPVGTTWRVKQPU /GOQT[DCEMWR (NCUJOGOQT[7UGTRTQITCOFCVCOGOQT[ 4GCFQPN[ 0QPDCVVGT[ RQYGTGFUVQTCIG %CRCEKVQTDCEMWRCVC/GOQT[ 4GCF9TKVGJQNFKPIDKVUCWZKNKCT[ OGOQT[DKVUEQWPVGT FC[UCVCODKGPVVGORGTCVWTGQHQ % 5GNH−FKCIPQUVKEHWPEVKQPU %27HCKNWTG YCVEJFQIVKOGT+1DWUGTTQTCPFOGOQT[HCKNWTG 2TQITCOEJGEMU 0Q'0KPUVTWEVKQPRTQITCOOKPIGTTQTU EQPVKPWQWUN[EJGEMGFFWTKPI QRGTCVKQP *KIJ−URGGFEQWPVGT RQKPVM*UKPING−RJCUGQTM*VYQ−RJCUG NKPGCTEQWPVOGVJQF +PETGOGPVOQFGVQ DKVU 7RQYPOQFG−VQ DKVU 3WKEM−TGURQPUGKPRWVU 6QIGVJGTYKVJVJGGZVGTPCNKPVGTTWRVUKPRWVU /KPRWNUGYKFVJOU +PRWVVKOGEQPUVCPV %CPDGUGVVQOUOUOUOUOUOUOUQTOU #PCNQIXQNWOGUGVVKPIU EQPVTQNU VQ$% 0QVG$KVUPQVWUGFCUKPRWVDKVUECPWUGFCUYQTMDKVU
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−QPN[ /VQ/ YQTFU %CPPQVDGQXGTYTKVVGPHTQORTQITCO 2%5GVWR /VQ/ YQTFU 7UGFVQUVQTGXCTKQWURCTCOGVGTUVJCV EQPVTQN2%QRGTCVKQP 0QVG +4CPF.4DKVUVJCVCTGPQVWUGFHQTVJGKTCNNQECVGFHWPEVKQPUECPDGWUGFCUYQTMDKVU 6JGEQPVGPVUQHVJG*4CTGC.4CTGC%QWPVGTCTGCCPFTGCFYTKVG/CTGCCTGDCEMGFWRD[C ECRCEKVQT#VQ %VJGECRCEKVQTYKNNDCEMWROGOQT[HQTFC[U 9JGPCEEGUUKPIC286%PWODGTUCTGWUGFCUYQTFFCVCYJGPCEEGUUKPI%QORNGVKPI(NCIUVJG[CTG WUGFCUDKVFCVC CVCKP/VQ/ECPPQVDGQXGTYTKVVGPHTQOVJGRTQITCODWVVJG[ECPDGEJCPIGFHTQOC 2GTKRJGTCNGXKEG
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
  71. 71. 70+652'%+(+%#6+105#0%1/210'065 Y )GPGTCN5RGEKHKECVKQPUQH%2/#%277PKVU +VGO RQKPV+1 RQKPV+1 RQKPV+1 #%V[RG VQ8#%*5WRRN[XQNVCIG %V[RG 8% #%V[RG VQ8#%1RGTCVKPIXQNVCIG TCPIG %V[RG VQ8% #%V[RG 8#OCZ2QYGTEQPUWORVKQP %V[RG 9OCZ #%V[RG #OCZ+PTWUJEWTTGPV %V[RG #OCZ 5WRRN[XQNVCIG 8%'ZVGTPCNRQYGT UWRRN[ #%V[RG QPN[ 1WVRWVECRCEKV[ O# 9JGPVJGGZVGTPCNRQYGTUWRRN[RTQXKFGUCPQXGTEWTTGPVQTKU UJQTVEKTEWKVGFVJGGZVGTPCNRQYGTUWRRN[XQNVCIGYKNNFTQRDWV VJG2%YKNNEQPVKPWGQRGTCVKQP +PUWNCVKQPTGUKUVCPEG /ΩOKP CV8%DGVYGGPVJGGZVGTPCN#%VGTOKPCNU CPFRTQVGEVKXGGCTVJVGTOKPCNU KGNGEVTKEUVTGPIVJ 8#%*HQTOKPDGVYGGPVJGGZVGTPCN#%CPF RTQVGEVKXGGCTVJVGTOKPCNUNGCMCIGEWTTGPVO#OCZ 0QKUGKOOWPKV[ 8R−RRWNUGYKFVJVQµUTKUGVKOGPU XKCPQKUG UKOWNCVKQP 8KDTCVKQPTGUKUVCPEG VQ*−OOCORNKVWFGVQ*CEEGNGTCVKQP OU )KP:;CPFFKTGEVKQPUHQTOKPWVGUGCEJ KGUYGRVHQTOKPWVGUVKOGU 5JQEMTGUKUVCPEG OU )VJTGGVKOGUGCEJKP:;CPFFKTGEVKQPU #ODKGPVVGORGTCVWTG 1RGTCVKPI VQ % 5VQTCIG− VQ % *WOKFKV[ VQ YKVJPQEQPFGPUCVKQP 'PXKTQPOGPV 9KVJPQEQTTQUKXGICU 6GTOKPCNUETGYUKG / 2QYGTUWRRN[JQNFKPIVKOG #%V[RGOUOKP %V[RGOUOKP #RQYGTKPVGTTWRVKQPQEEWTUKHRQYGTHCNNUDGNQYQHVJG TCVGFXQNVCIGHQTNQPIGTVJCPVJGRQYGTKPVGTTWRVKQPVKOG #%V[RG IOCZ IOCZ IOCZ%27YGKIJV %V[RG IOCZ IOCZ IOCZ 'ZRCPUKQP+17PKVYGKIJV 7PKVUYKVJ+1RQKPVUIOCZ 7PKVUYKVJQWVRWVRQKPVUIOCZ 7PKVUYKVJKPRWVRQKPVUIOCZ #PCNQI+17PKVUIOCZ %QORQ$WU5+1.KPM7PKVUIOCZ
  72. 72. 70+652'%+(+%#6+105#0%1/210'065 Y %JCTCEVGTKUVKEU +VGO 5RGEKHKECVKQP %QPVTQNOGVJQF 5VQTCIGRTQITCOOGVJQF +1EQPVTQNOGVJQF %[ENKEUECPYKVJFKTGEVQWVRWV +OOGFKCVGTGHTGUJKPIECPDGRGTHQTOGFYKVJ +14( 2TQITCOOKPINCPIWCIG .CFFGTFKCITCO +PUVTWEVKQPNGPIVJ UVGRRGTKPUVTWEVKQPVQYQTFURGTKPUVTWEVKQP 6[RGUQHKPUVTWEVKQPU $CUKEKPUVTWEVKQPU 5RGEKCNKPUVTWEVKQPUKPUVTWEVKQPUXCTKCVKQPU 'ZGEWVKQPVKOG $CUKEKPUVTWEVKQPUµU .KPUVTWEVKQP 5RGEKCNKPUVTWEVKQPUµ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−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