ISSN 2979-1782
JULY/AUGUST 2026
DELIVERING THE LATEST NEWS AND INSIGHT FROM ACROSS THE SECTOR
!"#$%#$&
CONTACT US CO-FOUNDER & COMPANY DIRECTOR Louise Tiller
louise@purplefoxmedia.co.uk
CO-FOUNDER & COMPANY DIRECTOR Harriet Campbell
harriet@purplefoxmedia.co.uk
EDITOR
Michelle Winny
michelle@purplefoxmedia.co.uk
INFORMATION
info@purplefoxmedia.co.uk
P U R P L E M E D I A
F O X
Company Number: 15685624 Registered Office: 167-169 Great Portland Street, London, England, W1W 5PF
!"#$%&'()*%++,-$
8,($)9):,;(<&,+,-$
)). Why regular calibration is critical for accurate pressure measurement 22 The hidden infrastructure powering AI: Why fibre testing is the new *%6,&)3$%&7 competitive edge 2. !"#$%&'()*&"')"+&,"-%.)/%"-$0(*1"+"/+2+/" Emerson launches software-driven RF 3%4%3"&%*&)/" " ) )))4 channel emulation to transform aerospace communications testing 2> Measuring what matters
C@%DE)F,6,@)9)*%-$&%@
3,-(%&(
5)6%/(*1"/%3(+-(3('0"(*"/+(3"" 7%/.)/8+*9%" " )))))))))))))))))))1= Why AMR sensors are a great option for high precision position measurements 24
!"#$%&'()*/%#0,
mmWave radar sensing and sensor fusion in humanoid robots 5=
Why manufacturing quality is becoming a Spotting the unseen 52 critical factor in aerospace instrumentation performance 12 !"#$%&'()%&*+,*(-(.+/+0,(12/3#%/
*%-"#$#%-):%-#$%&#-B
Why 4D imaging radar is becoming a vital part of intelligent vision systems
Condition monitoring enters a new era of intelligent asset management 1>
?;-"/,@")A,6#0,(
54
When temperature drift becomes From portable printers to intelligent process risk: The condition monitoring identification: the evolution of handheld challenge 2= instruments in industrial environments .>
!$+&,-$.$/0'()(*
!
!"##$%&
!"#$%&'()* +,#-*.#--"&$
!
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
!
!"#$%&"'"()*+,+-
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
y n n i W e l l e Mich
SU Puresonic Inline Ultrasonic flowmeter for ultrapure water, water, oils and glycol solutions
With its advanced Ultrasonic technology, the SU Puresonic provides precise flow measurement in applications for ultrapure water, water, waterbased media containing up to a 10% aqueous solution, oils and glycol solutions. The gasket free stainless-steel measuring tube provides permanent sealing and reliable performance without mechanical failures and provides a single wetted part for chemical compatibility assurance. Signal strength and device status are continuously monitored and displayed via the diagnostic LED bar. A color TFT display with high resistance PFA window displays process values (Flow, temperature, signal strength and total quantity). The SU Puresonic can be easily configured either directly on the sensor using 3 buttons or remotely via IO Link.
IT‘S NOT AUTOMATION UNTIL IT‘S ORANGE. ifm.com
ifm.com/uk
!"#$
!"#$%&'(%)'#*)"&+&$,%#-).&'+$&/)01/0#)+1.2/#%) +3#)$#1/).&%+)&4)&5%3&$#).3#",.1/),'6#.+,&'
J
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`a^^#P\%&G#$%,",#.**401.$0'/"# 0"#8(04$#"M(.&,46#.&'(/+#$%.$#'*,&.$0'/.4# .1$(.446#&(/#.$3#(*#$'#[a3^^^#*"09#b(40.#H044.3# &,.40$63#./+#0$;"#2'&$%#4''70/)#.$#$%&'()%# V-,&"'/;"#*&'+(1$#-.&7,$0/)#-./.),&# $%,#4,/"#'5#2%.$#'*,&.$'&"#.1$(.446#/,,+#'/# 5'&#T(0+#./+#-'$0'/#1'/$&'43#$0,"#$%0"#8.17# "0$,3#/'$#K("$#2%.$;"#'/#$%,#"*,1#"%,,$9 $'#$%,#.**401.$0'/#+0&,1$46c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
!
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
!
!"#$%&"'"()*+,+-
$&./"4.$,#0/$'#5,2,�/$,&>,/$0'/#$&0*"# '>,&#$%,#."",$;"#405,#?#.#-,./0/)5(4#".>0/)# 2%,/#,>,&6#>0"0$#$'#.#"(8",.#'&#&,-'$,# "70+#1.&&0,"#4')0"$01.4#1'"$9#!/+#20$%#ZOde# ./+#f!@V#WX^[ea#1'-*40./1,#*4("# ,<*4'"0'/I*&''5#&.$0/)"3#0$;"#8(04$#$'#"(&>0>,# $%,#,/>0&'/-,/$#0$;"#+'"0/)#0/$'3#/'$#K("$# $%,#,/>0&'/-,/$#0$#2."#$,"$,+#0/9 f'/,#'5#$%0"#0"#)4.-'&'("#,/)0/,,&0/)9# g($#5'&#./#.**401.$0'/#2%,&,#$%,#1'"$# '5#),$$0/)#+'"0/)#2&'/)#"%'2"#(*#."# 2."$,+#1%,-01.43#(/*4.//,+#$&0*"#'&#T'2I .""(&./1,#5.04(&,"3#$%.$;"#,<.1$46#2%,&,#$%,# >.4(,#"%'(4+#"0$9
4*560)77715*560)-12)*
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
-./(5.1$(&0/)#5.1040$0,"3#$%,#A-.&$# @.-,&.#BC#)0>,"#%./+40/)#"6"$,-"# $%,#.11(&.16#$%,6#/,,+#20$%'($#.++,+# 0/$,)&.$0'/#1'-*4,<0$69 D%,#"6"$,-#0"#.>.04.84,#0/#$%,#N:# $%&'()%#+0"$&08($'&#OPNA#!($'-.$0'/9
!"#$%&'()*+(,)./'0+'()*+(,)-12)1'3
Pressure measurement for your process? Leave it to us!
Our technologies offer everything you need for process, hydrostatic, and differential pressure for drinking water supply. Around the world, VEGA pressure solutions stand for proven reliability and trend-setting innovation. Our pressure measurement solutions go beyond just efficient, optimised processes – they provide you with peace of mind, knowing that you’ve chosen the best technology available. Everything is possible. With VEGA.
vega.com
!"#$%&'("%)
!"#$%&'()*&"')"+&,"-%.)/%"-$0(*1"+"/+2+/"3%4%3"&%*&)/
!
"#"$%&'('&%)'*)+$)%,"('%-'.+/'%0,'% 1$'2'$$'#%.,+3.'%2+$%/"*4%&'('&% /'")5$'/'*0%"11&3."03+*)%#5'%0+% 0,'3$%"..5$"0'6%*+*7.+*0".0%/'")5$'/'*08% 9+:'('$6%*+0%"&&%$"#"$)%"$'%.$'"0'#%';5"&8% <'2+$'%)'&'.03*=%"%#'(3.'6%30>)%:+$0,%")?3*=% "%2':%?'4%;5')03+*)%0+%'*)5$'%4+5%.,++)'% "*%3*)0$5/'*0%0,"0%:3&&%#'&3('$%$'&3"-&'% 1'$2+$/"*.'%"*#%&+*=70'$/%("&5'8 %
R)?%:,'0,'$%0,'%)'*)+$%."*%-'% .+//3))3+*'#%5)3*=%3*05303('%0++&)6%:,'0,'$% $'/+0'%"..'))%3)%"("3&"-&'%2+$%.+*C=5$"03+*% "*#%#3"=*+)03.)6%"*#%,+:%;53.?&4%+1'$"0+$)% +$%/"3*0'*"*.'%0'"/)%."*%-'.+/'%.+*C#'*0% 3*%+1'$"03*=%0,'%#'(3.'8 %
>"#$%&#&.**#0(+#/+,/%8#.,0+-8)0+#&.0(# =9#'%,08%*#/9/0+=2%
S'('&%/'")5$'/'*0%#"0"%-'.+/')%/+)0% ("&5"-&'%:,'*%30%."*%-'%'")3&4%3*0'=$"0'#% 3*0+%:3#'$%1&"*0%+1'$"03+*)8 @,'%1$+.'))%.+*#303+*)%"*#%.,"$".0'$3)03.)% Q+*)3#'$%:,'0,'$%0,'%)4)0'/%*''#)% +2%0,'%/'#35/%-'3*=%/'")5$'#%,"('%"%#3$'.0% "%)3/1&'%TPUH%/R%+50150%+$%:,'0,'$% 3/1".0%+*%$"#"$%1'$2+$/"*.'8%A".0+$)%)5.,% #3=30"&%.+//5*3."03+*%)5.,%")%9R!@6% ")%2+"/6%.+*#'*)"03+*6%05$-5&'*.'6%-53˯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
!"#$%&#'()**+,-.,-#./#0(+# )11*.')0.%,2##
!
!"#$%&"'"()*+,+-
)511&3'$%2+&&+:)%$'.+=*3)'#%3*#5)0$3"&% .4-'$)'.5$304%)0"*#"$#)%"*#%,+:%)+[:"$'% "*#%C$/:"$'%51#"0')%"$'%/"*"='#% 0,$+5=,+50%0,'%1$+#5.0%&32'.4.&'8 %
B"#C),#%,+#:+5.'+#'%5+8#=7*0.1*+# )11*.')0.%,/2%%
\,'*%"))'))3*=%$"#"$%)+&503+*)6%#'0'$/3*'% :,'0,'$%"%)3*=&'%#'(3.'%1&"02+$/%."*%-'% 5)'#%".$+))%"%:3#'%$"*='%+2%"11&3."03+*)% "*#%/'")5$3*=%.+*#303+*)8%Y0"*#"$#3)"03+*% +*%"%.+//+*%/'")5$'/'*0%1&"02+$/% ."*%)3/1&324%/"3*0'*"*.'6%$'#5.'% 0$"3*3*=%$';53$'/'*0)%"*#%.$'"0'%=$'"0'$% .+*)3)0'*.4%".$+))%0,'%+$="*3)"03+*8 %
D)E.,-#0(+#8.-(0#'(%.'+#
Y'&'.03*=%"%$"#"$%&'('&%)'*)+$%3*(+&(')% 2"$%/+$'%0,"*%.+/1"$3*=%/'")5$'/'*0% )1'.323."03+*)8% A".0+$)%)5.,%")%.+//3))3+*3*=%'D+$06% ('$3C."03+*%/'0,+#)6%.4-'$)'.5$3046% /"3*0'*"*.'%$';53$'/'*0)6%"11&3."03+*% .+('$"='%"*#%#+.5/'*0"03+*%."*%"&&%,"('% "%)3=*3C."*0%3/1".0%+*%1'$2+$/"*.'%"*#% 0+0"&%.+)0%+2%+:*'$),318 <4%")?3*=%0,')'%)'('*%;5')03+*)%-'2+$'% /"?3*=%"%#'.3)3+*6%4+5%."*%&++?%-'4+*#% 0,'%3*)0$5/'*0%30)'&2%"*#%'("&5"0'%0,'% &+*=70'$/%+1'$"03+*"&%3/1&3."03+*)%+2% 4+5$%3*(')0/'*08 %
F,:8+//G$)7/+8@/#*)0+/0# .,,%5)0.%,#
O')3=*'#%2+$%,4=3'*3.%"11&3."03+*)6% 0,'%E3.$+13&+0%AE!T]%.+/-3*')% .+/1".0%#')3=*%:30,%,3=,7 1'$2+$/"*.'%$"#"$%0'.,*+&+=48% @,'%#'(3.'%'*)5$')%$'&3"-&'%&'('&% /'")5$'/'*0%'('*%5*#'$%$"13#&4% .,"*=3*=%+$%05$-5&'*0%1$+.'))% .+*#303+*)8%L*%"##303+*%0+%1$+('*% GH%I9J%0'.,*+&+=46%"%KGH%I9J% +103+*%'*)5$')%30%."*%-'%5)'#%'('*%3*% 1"$03.5&"$&4%)/"&&%1$+.'))%0"*?)8
!"#$%&&'()*&%$+ ,,,-*.-%"#$%&&-/01
. r e . n e t g r a a r P ! e v e w o n o O lC rn a e t v o T isco D One Radar Family.
l
. s
Hundreds of Applications.
Less complexity. More confidence. The Micropilot family delivers secure connectivity, fast commissioning, and traceable verification across a wide range of applications. Supported by Endress+Hauser expertise, it provides a consistent approach from storage to process.
ly
Discover the Micropilot family now. www.uk.endress.com
r.e v e n e t r Pa L Oankeingverageen. t M l Cuorem w! a t o T as er no ! MDeiscoivmple
S
!"#$%&"'('"&)&*#+,-#"
!
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�)$%5,$#45-$*.#'&+&-);"-9#:%&# 3('$"&'-%)3#+&15"-$'($&-#$%&# -$'($&;)4#8(*,8#05'F)";#0)$%#(# -,33*)&'#4511)$$&+#$5#*5";<$&'1# -$(7)*)$.#)"#(#'(3)+*.#&85*8)";#$&4%"5*5;)4(*# *("+-4(3&/#0)$%5,$#4513'51)-)";#)""58($)5"9 #
!"#$%&'()*$+&,-&+&./)&')*,&+)!$%0"%1,'2$
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�(-# 0%)4%#)-#)"%&'&"$*.#7&$$&'#-,)$&+#$5#%);%&'# >')"-$.#"&&+&+#(#*)O,)+#D501&$&'#$%($# 8)-45-)$.#D,)+-#("+#1()"$()"-#1&(-,'&1&"$# 0(-#%);%*.#'&*)(7*&#$5#53&'($�)$%)"#5,'# (44,'(4.#'&;('+*&--#56#D,)+#53$)4(*#4*(')$.9# +&<)4)";#-.-$&1-9#:%&#-.-$&1-#$%&1-&*8&-#('&# :%)-#(33'5(4%#"5$#5"*.#'&-5*8&+#$%&#*);%$# +&-);"&+#65'#*5";&8)$./#5P&"#'&1()")";#)"# ($$&",($)5"#)--,&/#7,$#(*-5#+&*)8&'&+#-$(7*&/# -&'8)4A'#1(".#.&('-9Q# '&3&($(7*&#D50#1&(-,'&1&"$#,"+&'#$%&#
!"
!"#$%&"'"()*+,+-
15'&#+&1("+)";#'%&5*5;)4(*#45"+)$)5"-#56# $%&#"&0#&"8)'5"1&"$(**.#4513*)("$#D,)+9# H-#(#'&-,*$/#>')"-$.#?()*#0(-#(7*&#$5#,3;'(+&# )$-#D,)+#4%&1)-$'.#0)$%5,$#4513'51)-)";# -.-$&1#3&'65'1("4&9 #
7&8.(#83"/<$/($&($&:-&(%/()$ .#%"(,',)/%&'$'&(:3%&<##
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�)$%#45"-)-$&"$#3'5+,4$#+&-);"# ("+#(8()*(7)*)$./#3('$)4,*('*.#65'#4,-$51&'-# 0%5-&#-.-$&1-#%(8&#(#*5";#53&'($)5"(*#*)6&9Q >')"-$.#?()*A-#+&<)4)";#-.-$&1-#('&# 7,)*$#$5#*(-$#<#("+#('&#"50#,"+&';5)";# (#'&6,'7)-%1&"$#3'5;'(11&#$5#&2$&"+# $%&)'#53&'($)5"(*#*)6&#&8&"#6,'$%&'9#!"#$%)-# 45"$&2$/#45"$)",)$.#56#-,33*.#)-#&--&"$)(*#("+# :)$("A-#B:C#("+#K>#D501&$&'-#45"$)",&# $5#)"$&;'($&#-&(1*&--*./#7')+;)";#*&;(4.# )"6'(-$',4$,'�)$%#4,''&"$#'&O,)'&1&"$-9 :%)-#4(3(7)*)$.#(44&*&'($&-#'&6,'7)-%1&"$# $)1&*)"&-#("+#1)")1)-&-#53&'($)5"(*# +)-',3$)5"/#&"-,')";#$%($#-.-$&1-#4("#7&# 15+&'")-&+#&`4)&"$*.#0%)*()"$()")";# 3'58&"#3&'65'1("4&9 #
=#36'.3$."&.$'&3.$
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
!"#$%&'%#()*)"+(+& ,,,-./,0(#()+-1/-23
Ultrasonic Flowmeters
Turbine Flowmeters
Innovative Liquid Flow Measurement Solutions Titan Enterprises is a leading design and manufacturer of innovative end user and OEM high-performance flowmeters and flow measurement instrumentation, used within a wide range of processes, environments and applications. • Compact, robust, reliable • Excellent accuracy and repeatability • Measure low to high flow ranges and viscosity
Oval Gear Flowmeters
• High chemical resistance • NSF-Approved mini turbine flowmeters • ATEX-compliant and high pressure Oval Gear models • OEM bespoke design capability Titan’s liquid flowmeters are designed and manufactured to ISO 9001 with traceable calibrations.
Instrumentation +44 (0)1935 812790 sales@flowmeters.co.uk www.flowmeters.co.uk
REQUEST A FREE QUOTE TODAY
Breakthrough Flowmeter ! !"#$"%&'()(* Technology
!"#$%&'()*+%#*!
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
!
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
7+"#'/'3&)0%#$'&'&5).+"/"+8"/) #%('4+%1'3&)
I3$'%$5(-,"&)3,*'<$-2$$&'/(+3,&,&9' N.(5,-6'(&#',&)-%./$&-(-,"&'*$%4"%/(&+$' ,)'">$&'.&#$%$)-,/(-$#7 P%,-,+(5'#(-./'4$(-.%$):'/".&-,&9'4(+$)' (&#',&-$%4(+$'9$"/$-%,$)'(55',&@.$&+$'3"2' )$&)"%)'(%$'*"),-,"&$#'(&#'3"2'())$/<5,$)' <$3(1$'.&#$%'"*$%(-,"&(5'5"(#)7 O1$&')/(55'#,/$&),"&(5'1(%,(-,"&)' +(&'(Q$+-'(5,9&/$&-:',&-%"#.+$')-%$))'"%' +"/*%"/,)$'+(5,<%(-,"&'%$*$(-(<,5,-67 D(&9$%'$0*5(,&)'-3(-'*%$+,),"&' /(+3,&,&9',)'4.&#(/$&-(5'-"'/(,&-(,&,&9' 5"&9'-$%/')6)-$/'(++.%(+67 EI,93-'-"5$%(&+$):'(++.%(-$'#(-./'+"&-%"5' (&#'%$*$(-(<5$'/(&.4(+-.%,&9'*%"+$))$)' 3$5*'$&).%$'+%,-,+(5'4$(-.%$)'%$/(,&'(5,9&$#' (&#'())$/<5,$)'/(,&-(,&')-%.+-.%(5')-(<,5,-6' -3%".93".-'-3$,%'"*$%(-,"&(5'5,4$7 EI3,)',)'*(%-,+.5(%56',/*"%-(&-'23$%$' )$&)"%'*"),-,"&,&9:'+(5,<%(-,"&',&-$9%,-6'(&#' %$5,(<5$')6)-$/'*$%4"%/(&+$'(%$'#$*$&#$&-' "&'*%$+,)$'/$+3(&,+(5',&-$%4(+$)7H ?"%'($%")*(+$',&)-%./$&-(-,"&:' 93&1'&*"-)3&).%5"):;<<<
!"
!"#$%&"'"()*+,+-
!"#$%&'()*+%#*! !"#$%"#$#$&'%()*)'%+,)-"$.)*'.+$*#*%)$%,/' 0-+!'1-+%+%/1)'%(-+2&('1-+32.%#+$' #*')42",,/'#!1+-%"$%5')$*2-#$&')6)-/' "**)!7,/'1)-0+-!*'#3)$%#.",,/'-)&"-3,)**'+0' 1-+32.%#+$'6+,2!)8 '
!"#$%&'(')*+)''#+)*(,"--.#/,( ')0+#.)1')/%2(-#./'&/+.)'
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
!"
!"#$%&"'"()*+,+-
SFC3000 FLOW COMPUTER Your flow computer of choice for accurate measurement of
GAS - OIL - HYDROGEN - WATER At Ex~I Flow Measurement Ltd, we specialise in researching, developing, and manufacturing products for the gas and liquid measurement industry, with a focus on continuous project development and enhancement. The SFC3000 flow computer packs all of the calculation performance, flexibility and adaptability you’re ever likely to need into a single industry-standard size package.
Find out more at: www.exiflowmeasurement.com
!"#$%&%"#'("#%&")%#*
!
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
!"#$%&%"#'("#%&")%#*'+#&+),'-'#+.' +)-'"/'%#&+00%*+#&'-,,+&'(-#-*+(+#&
!"#$%&!"'$(')*&+),-#)&.",/012&34$'&5#$#6'"*& 7084$'88&34$'&9$82"0:'$2#24,$&;77<8& 5'#80"':'$2&=&;$#)>2418&/4?484,$*&'@A),"'8&B,C& 2'1B$,),64'8&4$1)0/4$6&D2B'"$'2E;.3*&9$/082"4#)& 9,F*&;9*&1),0/&#$#)>2418&#$/&/4642#)&2C4$8&#"'& 64?4$6&'$64$''"8&0$A"'1'/'$2'/&?484-4)42>&4$2,X'2&B'#)2BG 1&%$+1(#.%5+,5%$(.%+1&.(+1%"(+1&).&+,5%$:( I1,/(.,51&.(/+.&%-()0(,"0).-%+,)"(0).-/( +1&(0)4"'%+,)"(4#)"(*1,51(#.&',5+,6&( -%,"+&"%"5&(/+.%+&3,&/(5%"(2&(24,$+: (
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
!"
!"#$%&"'"()*+,+-
!"#$%&%"#'("#%&")%#* !"#$%$&'()&$*+$,(-./01"*2(.3.1*20( 0$-9*","3:(A&";($%",%1*3(-:=$&(09&$.02( %1$#1*3(45(.2(.(20.*6.,"*$(2",/01"*7 =$-";$2($22$*01.,'(?.&01-/,.&,:(#9$&$( 8.-91*$(,$.&*1*3(2:20$;2(&$</1&$(9139( ,$3.-:(-"*0&",(2:20$;2(&$;.1*(1*(2$&%1-$7 </.,10:(9120"&1-.,(6.0.(.*6(-"*216$&.=,$( ( $*31*$$&1*3($>?$&012$(6/&1*3(6$%$,"?;$*07( 3/&42+.)./5,(%0+#67.)2+&7#$.,(&)./+ @>?$&1$*-$6(&$,1.=1,10:($*31*$$&2(&$;.1*( ()0(*-,( $22$*01.,(A"&(1*0$&?&$01*3(;.1*0$*.*-$( J,"/6(=.2$6(.22$0(;.*.3$;$*0(?,.0A"&;2( &$-"&62'(.,.&;(9120"&1$2(.*6(2$&%1-$(&$?"&02( .&$(A/&09$&($>0$*61*3(09$(-.?.=1,101$2("A( 0"(0&.1*(.,3"&109;2(-.?.=,$("A(&$-"3*121*3( -"*6101"*(;"*10"&1*37 ;$.*1*3A/,(?.00$&*27 L.09$&(09.*(;.1*0.1*1*3($>0$*21%$(,"-.,( 42(45(2:20$;2(;.0/&$'(09$:(=$-";$( -";?/01*3(1*A&.20&/-0/&$'("&3.*12.01"*2( 1*-&$.21*3,:(-.?.=,$("A(61201*3/1291*3( -.*(.33&$3.0$(6.0.(A&";(;/,01?,$(A.-1,101$2( =$0#$$*(*"&;.,("?$&.01"*.,(%.&1.01"*(.*6( 1*0"(-$*0&.,12$6(.*.,:01-.,(?,.0A"&;27 3$*/1*$(213*2("A(6$0$&1"&.01"*'(.,,"#1*3( G912($*.=,$2(M$$0(#16$(-";?.&12"*2(09.0( ;.1*0$*.*-$(&$2"/&-$2(0"(=$(6$?,":$6( #$&$(?&$%1"/2,:(1;?"221=,$7 #109(A.&(3&$.0$&(?&$-121"*7 @</1?;$*0(?$&A"&;.*-$(-.*(=$( ( =$*-9;.&F$6(.-&"22(;/,01?,$(?&"6/-01"*( !"#$%&'()*+,-#+%-.//#)*#0+&1+2(*(,./+ 210$2'(.,,"#1*3($*31*$$&2(0"(16$*01A:(=$20( ,$.)01&$'.,(&)( ?$&A"&;1*3(.22$02'(&$-/&&1*3(A.1,/&$( B$2?10$(09$(0$-9*","31-.,(.6%.*-$2'( ;$-9.*12;2(.*6("??"&0/*101$2(A"&( 1;?,$;$*01*3(;"6$&*(-"*6101"*(;"*10"&1*3( "?$&.01"*.,(1;?&"%$;$*07 &$;.1*2(A.&(A&";(20&.1390A"&#.&67 8.*:(1*6/20&1.,(210$2(-"*01*/$(0"( "?$&.0$(.3$1*3(1*A&.20&/-0/&$(09.0(#.2( *$%$&(6$213*$6(A"&(61310.,(-"**$-01%10:7 C&"#*D$,6(A.-1,101$2("E$*(,.-F(2/10.=,$( *$0#"&F1*3(1*A&.20&/-0/&$'(,1;101*3( 6$?,":;$*0("A(.6%.*-$6(;"*10"&1*3( 0$-9*","31$2(0"("*,:(09$(;"20(-&101-.,(.22$027 @</.,,:(213*1D-.*0(.&$(09$( "&3.*12.01"*.,(-9.,,$*3$27 8.*:(?,.*02(-"*01*/$(0"("?$&.0$( J,"/6(-"**$-01%10:(.,2"($*.=,$2($*31*$$&2( #109(;.1*0$*.*-$(-/,0/&$2(=/1,0(.&"/*6( .*6(.22$0(;.*.3$&2(0"(.--$22(-"*6101"*(6.0.( &$.-01%$(&$?.1&("&(&"/01*$(?&$%$*0.01%$( &$;"0$,:'(?&"%161*3(-"*01*/"/2(%121=1,10:( ;.1*0$*.*-$7(G&.*2101"*1*3(0"#.&62( &$3.&6,$22("A(?9:21-.,(,"-.01"*7 -"*6101"*(=.2$6(;.1*0$*.*-$(&$</1&$2( 5;?"&0.*0,:'(-,"/6(.6"?01"*(6"$2(*"0( -9.*3$2(*"0("*,:(1*(0$-9*","3:(=/0(.,2"(1*( *$-$22.&1,:(&$</1&$(2$*2101%$("?$&.01"*.,( #"&F1*3(?&.-01-$2'(;.1*0$*.*-$(?,.**1*3( 6.0.(0"(,$.%$(09$("&3.*12.01"*7 .*6("&3.*12.01"*.,(;1*62$07 N&1%.0$(-,"/6(6$?,":;$*02(.,,"#( G9$(1*-&$.21*3(%",/;$("A("?$&.01"*.,( -";?.*1$2(0"(&$0.1*(-"*0&",("A(%.,/.=,$( 6.0.(?&$2$*02(.*"09$&("=20.-,$7 ?&"6/-01"*(1*A"&;.01"*(#91,$(201,,( 5*A"&;.01"*(A&$</$*0,:($>1202(1*(12",.0$6( =$*$D01*3(A&";(2-.,.=,$(-";?/01*3( "?$&.01"*.,(0$-9*","3:'($*31*$$&1*3( &$2"/&-$2(.*6(.6%.*-$6(.*.,:01-27 .*6(5G(2:20$;2(09.0(-.**"0($.21,:(29.&$( ( 6.0.7(H109"/0($I$-01%$(1*0$3&.01"*'( 8(*(,./+,9()0+:#%&'#+.%,("#+ "&3.*12.01"*2(&12F(-",,$-01*3(%.20(</.*0101$2( '.(),#).)%#+,&&/0( "A(1*A"&;.01"*(#109"/0(3$*$&.01*3( 4;"*3(09$(0$-9*","31$2(29.?1*3(09$(A/0/&$( .-01"*.=,$(1*213907 "A(-"*6101"*(;"*10"&1*3'(61310.,(0#1*2(.&$( 40(09$(2.;$(01;$'(;.*:($>?$&1$*-$6( $>?$-0$6(0"(?,.:(.*(1*-&$.21*3,:(1*M/$*01.,(&",$7 ;.1*0$*.*-$($*31*$$&2(.&$(.??&".-91*3( 4(61310.,(0#1*(-";=1*$2(&$.,(01;$( &$01&$;$*0'(0.F1*3(6$-.6$2("A($</1?;$*0( "?$&.01"*.,(6.0.'(9120"&1-.,(;.1*0$*.*-$( F*"#,$63$(#109(09$;7 &$-"&62(.*6($*31*$$&1*3(;"6$,2(0"( B1310.,(-"*6101"*(;"*10"&1*3(?,.0A"&;2( -&$.0$(.(-"*01*/"/2,:(/?6.0$6(%1&0/.,( 09$&$A"&$(9.%$(.*(1*-&$.21*3,:(1;?"&0.*0( &$?&$2$*0.01"*("A(.(?9:21-.,(.22$07 &",$(1*(?&$2$&%1*3("?$&.01"*.,($>?$&012$(=:( @*31*$$&2(-.*(/2$(09$2$(;"6$,2( $;=$661*3($*31*$$&1*3(F*"#,$63$(1*0"( 0"(21;/,.0$("?$&.01*3(-"*6101"*2'( 1*0$,,13$*0(.*.,:01-27 1*%$2013.0$(?"0$*01.,(A.1,/&$(;"6$2(.*6( J:=$&2$-/&10:(.,2"(&$;.1*2(.(;.K"&( $%.,/.0$(;.1*0$*.*-$(20&.0$31$2(#109"/0( -"*216$&.01"*7 1*0$&&/?01*3(?&"6/-01"*7 42(;"&$(D$,6(6$%1-$2(=$-";$(-"**$-0$6( 42(45(-.?.=1,101$2(=$-";$(1*0$3&.0$6( 0"(?,.*0(*$0#"&F2'(?&"0$-01*3("?$&.01"*.,( 1*0"(61310.,(0#1*2'(09$2$(%1&0/.,(;"6$,2(
!"
!"#$%&"'"()*+,+-
#1,,(;"%$(=$:"*6(%12/.,12.01"*(0"#.&62( ./0"*";"/2(6$-121"*(2/??"&07 )/0/&$(2:20$;2(.&$($>?$-0$6(0"( &$-";;$*6(;.1*0$*.*-$(.-01"*2'( "?01;12$("?$&.01*3(?.&.;$0$&2(.*6( -"*01*/"/2,:(&$D*$(09$1&("#*(;"6$,2(.2( *$#("?$&.01"*.,(6.0.(=$-";$2(.%.1,.=,$7 L.09$&(09.*(2/??"&01*3(;.1*0$*.*-$( 6$-121"*2'(61310.,(0#1*2(;.:(/,01;.0$,:( =$31*(;.F1*3(;.*:("A(09"2$(6$-121"*2( ./0";.01-.,,:7 (
8$("()*+040,.().:(/(,5+,-$&4*-+ 0'.$,#$+'.(),#).)%#(
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
;4(/2()*+,-#+(),#//(*#),+7/.),+
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
!""# $%&'())'*+,
!
!"#$"%&'()(*
!"#$%&%"#'("#%&")%#*
!
!"#$%&#'(#)*&+)#%,)-.%/#01'#2%()10#22% )-234%5"#%01$,-&-1$%'1$-&1)-$6%0"*77#$6#
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
!"
!"#$%&"'"()*+,+-
BA489 Modbus RTU Display Ex ia Certified for Zones 0, 1, 2, 20, 21 or 22
INDUSTRIAL DATACOMMS SOLUTIONS
Blown-up RS485 interfaces? Use KK isolated converters... www.beka.co.uk
> 9 different display formats allowing 1, 2, 4 or 8 variables to be shown together on screen
> Intrinsically safe for use in Zone 0, 1, 2, 20, 21 or 22 > Simple configuration > Up to 8 process variables per screen including bargraphs, units of measurement and tags
> 8 operator touch buttons > 7 inch backlit screen visible in all lighting conditions > IP66 stainless steel front panel with either toughened
3 glass window or impact resistant window for installation in YEAR an Ex e or Ex t enclosure GUARANTEE
sales@beka.co.uk Hitchin SG5 2DA UK +44 (0) 1462 438301
► NEW - KDE485 C programmable protocol converter ► NEW - GPS-NTP time server for secure networks ► Inline and DIN rail interface converters with isolation ► 4-20mA sensor inputs and sensor emulation ► DIN rail and standalone protocol converters ► USB-RS422/485 isolated converter ► Custom products for data conversion including ethernet / TCP/IP ► UK designed and manufactured
01273 857185 KKSYSTEMS.COM
All products are available on our online store
!"#!$%$&"'#()"&"*!
!"#$%&'()*%$+*),-%*.,/0$,1$+%,.,+*)$2/%$*++(%*.&$3%&11(%&$4&*1(%&4&0. !"#$%&'(")"(")*&+$,%-./,&".&0(%11&2)3.,4#%).3*&%561"$)3&7(8&,%941",&-"1$:,".$/)&$3&%33%).$"1& ;/,&#"$)."$)$)9&#%"34,%#%).&-/)<=%)-%*&,%=4-$)9&4)-%,."$).8&")=&%)34,$)9&-,$.$-"1& 6,%334,%*&>"-44#&")=&9"3&?/7&383.%#3&-/).$)4%&./&6%,;/,#&"3&$).%)=%=@
!
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	+1#)/#&*,(*&+)$*"%'#)*$& /-)*+)%#&*-&2#".-"'&6+*,+)&$2#/+@/(*+-)& ()1&/-'20:&6+*,&"#/-5)+$#1&$*()1("1$3
!!
!"#$%&"'"()*+,+-
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`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
E#*#"'+)+)5&,-6&."#?%#)*0:&#?%+2'#)*& $,-%01&>#&/(0+>"(*#1&1#2#)1$&-)&$#9#"(0& .(/*-"$8&+)/0%1+)5&*,#&/"+*+/(0+*:&-.&*,#& (220+/(*+-)8&-2#"(*+)5&/-)1+*+-)$8& ."#?%#)/:&-.&%$#&()1&*,#&'()%.(/*%"#"S$& "#/-''#)1(*+-)$3&4,+0#&())%(0& /(0+>"(*+-)&+$&(22"-2"+(*#&.-"&'():& +)1%$*"+(0&+)$*"%'#)*$8&$:$*#'$&-2#"(*+)5& +)&1#'()1+)5&#)9+"-)'#)*$&-"&$%22-"*+)5& $(.#*:&/"+*+/(0&2"-/#$$#$&'(:&"#?%+"#& 9#"+@/(*+-)	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a&+*&(0$-&1#'()1$&()& -)5-+)5&/-''+*'#)*&*-&9#"+.:+)5&+*$& (//%"(/:&*,"-%5,-%*&+*$&6-"<+)5&0+.#3 b:&/-'>+)+)5&$2#/+(0+$*&#H2#"*+$#8& *"(/#(>0#&"#.#"#)/#&$*()1("1$&()1&0-6& %)/#"*(+)*:&/(0+>"(*+-)&/(2(>+0+*+#$8&F,#00& G)$*"%'#)*$&,#02$&'()%.(/*%"#"$&'(+)*(+)& (//%"(*#8&"#0+(>0#&2"#$$%"#8&9(/%%'&()1& 5($&;-6&'#($%"#'#)*$8&#)$%"+)5&*,#&1(*(& *,(*&%)1#"2+)$&/"+*+/(0&+)1%$*"+(0&2"-/#$$#$& "#'(+)$&>-*,&1#2#)1(>0#&()1&*"%$*6-"*,:3
!"#$$%&'()*+,#')(% -"#$$.-/.+0
!"#!$%$&"'#()"&"*! !"#$%&'(%)*+$%,'-%./%0+)+012&3% 4"+2%)+-2%',%2"#%0'$5#-6+21'$%7#26% 2"#%*#+62%+1-218#9!!
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
!"#$%./%0+)+012&%-+8)63%"'4%:'% &'(%;$'4%&'(-%)"&610+*%$#24'-;% 41**%;##)%)+0#9%!
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
!"+2%"'*:6%()%+2%"+$:'5#-9%
!;&!5%&*%!P=3%!%&F(32&9%&$*'!$%*$(&C! *$2,*!=%(&C!/!P&/0!.+%.4=2O6!;$!=%.29%*! 2,%3/$(2&/0!,322#!$+/$!$+%!,+-*(./0!0/-%3! ./&!=%!$3>*$%5!>&5%3!02/56!;ï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
!G+/$!*(9,0%!*%$>,!52%*!$12!$+(&C*6! ;$!9/4%*!(&*,%.$(2&!%/*-!$2!52!(&!$+%! 929%&$'!/&5!($!9/4%*!$+%!%O,%.$/$(2&! +/35!$2!(C&23%6!;&!/&!%&F(32&9%&$!1+%3%!/! *(&C0%!.2&$/9(&/$%5!%&5!#/.%!./&!$3(CC%3!/! 02&C!#/>0$<P&5(&C!%O%3.(*%'!32>$(&%!.+%.4*! =%.29%!,/3$!2#!&239/0!12346!G+%!2,%3/$23! +/5!=>(0$!$+/$!5(*.(,0(&%!(&$2!$+%!*($%'!*2! $+%!*$/&5/35!(*!./33(%5!=-!$+%!,32.%**'!&2$! =-!1+2%F%3!+/,,%&*!$2!=%!2&!*+([6! !!
<#>$1$7%:'$#%%
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`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
!"
!"#$%&"'"()*+,+-
elimina�ng the need for a ma�ng header.
150,000 cycles!
Space and cost saving solu�ons for most popular programmers, debuggers, devices and protocols. No Header!
No Brainer!
JTAG Connector Plugs Directly into PCB!!
Legged version snaps into the board
Efficient board to board programming
Edge-Connect™ virtually eliminates board space!
Tag-Connect - Saving the World 10,000 Connectors at a time!
Our patented range of Plug-of-Nails™ spring-pin cables plug directly into a �ny footprint of pads and loca�ng holes in your PCB, elimina�ng the need for a ma�ng header.
Eliminate JTAG connectors!
Tag-Connector footprints as small as an 0805 resistor. Spring-Pins tested to over 150,000 cycles!
www.Tag-Connect.com
Space and cost saving solu�ons for most popular programmers, debuggers, devices and protocols.
Tag-Connect - Saving the World 10,000 Connectors at a time!
www.Tag-Connect.com STLink-V3 for il ustra�on only
STLink-V3 for illustra�on only
!"#!$%$&"'#()"&"*!
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
!
"#$%&#"'(%)$*'+(",-"./0'1!23' SF7$6'%##*=6'+*('4*)"##$.<'*+'("%#B Q\O"B]b]]A'=7$/7'$6'97%6"B#*/U")'5*' /*44-.$/%5$*.6'7%8"'&"/*4"' =*(#)'"V"/56'*.5*'57"'&%6"&%.)'6$<.%#'%5' %'/*44*.'("+"("./"'/#*/U'$.'57"'Q\O' +-.)%4".5%#'5*'4*)"(.' &*57'".)6'*+'57"'/*44-.$/%5$*.'/7%$.A' &%/U9#%."'5$4$.<'("6*-(/"6A'$./#-)$.<'%' %"(*69%/"'%.)')"+"./"' "V"/5$8"#0'"4-#%5$.<'%'("%#'!2'/7%.."#AX' 7$<7B65%&$#$50'@I\@'("+"("./"'%.)'FI#U' *9"(%5$*.6:';7"57"('6-99*(5$.<'6%5"##$5"' K%/I*0'6%06: 60./7(*.$6%5$*.:'F7$6'".6-("6'57%5'%.0' /*.65"##%5$*.6'$.'#*='>%(57'*(&$5'1?>@3A' ' *&6"(8")'+(",-"./0'67$C'$6')-"'5*'57"' 4%$.5%$.$.<'6"/-("'/*44-.$/%5$*.6' !"#$%&'"()*'+,*-,&%"'",.*/0*&,-/.1&2,* 4*)"##")'"V"/56A'%.)'.*5'57"'$.65(-4".5:X =$57'+%65B4*8$.<'4$#$5%(0'%$(/(%C'*(' 2/##$("2&'"/(.' P$<.%#'+%)$.<'9("6".56'%.*57"(' 8%#$)%5$.<'5"#"4"5(0'6065"46'+*('."D5B @."'*+'57"'<("%5"65'/7%##".<"6'+%/$.<' 6$<.$G/%.5'/7%##".<": <"."(%5$*.'69%/"/(%CA'".<$.""(6'+%/"'%.' %"(*69%/"'/*44-.$/%5$*.6'$6'%//-(%5"#0' S;$57'+%)$.<'"V"/56A'("%#B5$4"' $./("%6$.<#0'/*49#"D'/7%##".<"E'".6-($.<' ("9(*)-/$.<'57"'"V"/56'"D9"($"./")'&0'7$<7B 9(*/"66$.<'*+'(%=')%5%'$6'"66".5$%#'5*' /*44-.$/%5$*.6'("4%$.'("#$%&#"'$.'7$<7#0' 69"")'9#%5+*(46:'P%5"##$5"6'5(%8"##$.<'%5'*(&$5%#' ("6*#8"'5(-"'+%)$.<'&"7%8$*-('=$57*-5' )0.%4$/'%.)'*C".'/*.5"65")'".8$(*.4".56: 8"#*/$5$"6'%.)'4$#$5%(0'%$(/(%C'9"(+*(4$.<' 4%6U$.<'5(%.6$".5'"V"/56'=$57'%8"(%<$.<AX' F(%)$5$*.%##0A'4%.0'*+'57"6"'6065"46' (%9$)'4%.*"-8("6'"D9"($"./"'/*.5$.-*-6' K%/I*0'6%06:'SF7"'7$<7B69"")'6"($%#' 7%8"'("#$")'7"%8$#0'*.'G"#)'5($%#6' W*99#"('67$C6A'9(*9%<%5$*.')"#%06'%.)' $.5"(+%/"'+*('57"'Q\O"B]^_`'%.)'Q\O"Bcdef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`'a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`' 57*-6%.)6'*+'5$4"6'5*'".6-("'("9"%5%&$#$50' *9"(%5$.<'/*.)$5$*.6: -6"6'%.'"D5"(.%#'?@A'69"/$G/%##0'57"' %.)'("#$%&$#$50A'%.)'%##*=6'$66-"6'5*'&"'
!"
!"#$%&"'"()*+,+-
!"#!$%$&"'#()"&"*! !"#$%&'&()*"()'&+$,%&()-.'$!/.)'*01() 1-&'*-1$")&*',1&')1")-.&),12&)#3#,&45 )
!"#$%#&'()*+$+,$-(./(0+$#%+1#2&( 3$+14256)(
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
78-(,52+%-5()29:+5-(-*2);)1-6( 4"518-5(-<1-&%)(1-)1#&'(*+3+,#$#1;=)
JW1-.)*((1-1$"*,)@XE6)+$Y:*'&7)+!#.)*+) -.&)Z*-*)[1"O)E&+-)>'*8&:$'O7)%*,1(*-1$") #*");&)&I-&"(&()-$)1"#,!(&)2!,,)(!0,&I) ,1"O)&8!,*-1$"75).&)+*3+4)JA*++1%&)*"() *#-1%&)=>)1"-&'2&'&"#&)#*");&)*((&()-$)-.&) +#&"*'1$):1-.)?!,-1<F81--&')P&"&'*-$') \?FP])+$Y:*'&45 F"-1'&)$0&'*-1$"*,)+#&"*'1$+)#*")*,+$);&) '&#$'(&()2$'),*-&')'&0,*34 J=>)=&#$'()*"()A,*3;*#O)+$Y:*'&) *,,$:+)&"-1'&)+#&"*'1$+)-$);&)'&#$'(&()2$') 2!'-.&')*"*,3+1+)*"()+-'&*8&(),$++,&++,3) -$)+&'%&')+-$'*/&)$')'&0,*3&()(!'1"/) 2!-!'&)%*,1(*-1$")-&+-1"/45 >$')$'/*"1+*-1$"+)(&%&,$01"/) 1"#'&*+1"/,3)+$0.1+-1#*-&()=>)+3+-&8+7)-.1+) H&I1;1,1-3)$^&'+)*)+1/"1_#*"-)*(%*"-*/&) $%&')-'*(1-1$"*,)8$"$,1-.1#)-&+-)&9!108&"-4 JC")+.$'-7)ABC<;*+&()D6E+)0'$%1(&)*)'$;!+-) 0,*-2$'8)-$);!1,()=>)%*,1(*-1$")+3+-&8+)-.*-) *'&)%&'+*-1,&7)H&I1;,&)*"()'$;!+-45 )
>255-$+1#&'($+,25+125;(5-)"$1)(:#18( 23-5+1#2&+$(3-54256+&*-) @'&*-1"/)'&*,1+-1#)-&+-)&"%1'$"8&"-+) '&0'&+&"-+)$",3)0*'-)$2)-.&)#.*,,&"/&4)
F"/1"&&'+)8!+-)*,+$)&"+!'&),*;$'*-$'3) 8&*+!'&8&"-+)*##!'*-&,3)'&H&#-)$0&'*-1$"*,) ;&.*%1$!')$"#&)+3+-&8+)*'&)(&0,$3&(4 `##$'(1"/)-$)?*#@$37)*##!'*-&) +#&"*'1$)/&"&'*-1$")2$'8+)-.&)2$!"(*-1$") $2)8&*"1"/2!,)%*,1(*-1$"4 JQ*%1"/)*##!'*-&)+#&"*'1$+)*"()8$(&,+) 1+)O&3)-$)&"+!'1"/),*;<;*+&()-&+-1"/) '&H&#-+)'&*,)0&'2$'8*"#&75).&)+*3+4 aC)@QF66)+!00$'-+)0'$0'1&-*'3)*"() -.1'(<0*'-3)+#&"*'1$)/&"&'*-1$"):.1,&) $^&'1"/)*)/=A@)1"-&'2*#&)-.*-)*,,$:+) &"/1"&&'+)-$)!0(*-&)%*,1(*-1$")8$(&,+)*+) $0&'*-1$"*,)'&9!1'&8&"-+)&%$,%&4 JE.&)/=A@)1"-&'2*#&)&"+!'&+)&*+3) 1"-&/'*-1$")*#'$++)0,*-2$'8+75)?*#@$3) &I0,*1"+4)JE.1+)*,,$:+)!+&'+)-$)&b#1&"-,3) *"()&^&#-1%&,3)!0(*-&)-&+-)+#&"*'1$+):1-.) -.&),*-&+-)+#&"*'1$+)*"()8$(&,+)-.&3):1+.) -$)%*,1(*-&)*/*1"+-45 ?&*+!'&8&"-)_(&,1-3)*,+$)'&8*1"+)#'1-1#*,4 JE.&)ABC&<;*+&()D6E)0'$%1(&+)*).1/.< _(&,1-37),*;</'*(&)1"+-'!8&"-)-$)&"+!'&) (*-*)/&"&'*-&()*"()#$,,&#-&()1+)&I-'&8&,3) *##!'*-&)*"()0'+&75).&)+*3+4)J`+)-.&) D6E)#*");$-.)/&"&'*-&)*"()'&#&1%&)-.&) +1/"*,):1-.)*)#$88$")'&2&'&"#&)[X7)-.&) =>)/&"&'*-&()%&'+!+)180*1'&()%&'+!+) '&#&1%&()#.*""&,)0&'2$'8*"#&)#*");&) 8&*+!'&()!+1"/)aC)=>8I)+$Y:*'&)2$') #.*'*#-&'1+-1#+)+!#.)*+)FD?7)#$"+-&,,*-1$") 9!*,1-37)2'&9!&"#3)*"()0.*+&)&''$'7)0$:&') *"()+0&#-'*,)0&'2$'8*"#&45 )
?5-3+5#&'(425(*2&1-)1-%()3-*15"6(
?$(&'")*&'$+0*#&)$0&'*-1$"+)'*'&,3)$##!') :1-.1")1"-&'2&'&"#&<2'&&)=>)&"%1'$"8&"-+4) Z&"+&)+*-&,,1-&)#$"+-&,,*-1$"+7)*(c*#&"-) #$88!"1#*-1$"+)+3+-&8+)*"()(&,1;&'*-&) &,&#-'$"1#)*--*#O)*,,)0,*#&)1"#'&*+1"/) (&8*"(+)$")'&+1,1&"-)#$88!"1#*-1$"+4 J>$')*1')*"()+0*#&)*00,1#*-1$"+7)-.&) =>)&"%1'$"8&"-)1+)*,:*3+)#$"/&+-&(75) ?*#@$3)"$-&+4)JE.&'&2$'&7)1-)1+)&++&"-1*,) -$)%*,1(*-&)=>)+3+-&8+)!"(&')#$"(1-1$"+) -.*-)#$"_'8)-.&)*;1,1-3)-$)8*1"-*1") #$88!"1#*-1$")1")-.&)2*#&)$2)0*++1%&) \*##1(&"-*,])*"()*#-1%&)\1"-&"-1$"*,) 1"-&'2&'&"#&])1")-.&)1"-&"(&()$0&'*-1"/) '*"/&+)*"()*(c*#&"-)#.*""&,+45 F"/1"&&'+)#*")1"-'$(!#&)-.&+&)+#&"*'1$+) 1"-$)%*,1(*-1$")0'$/'*88&+)!+1"/)aC) @QF66)*"()?!,-1<F81--&')P&"&'*-$') +$Y:*'&):.1,&)0'&%1$!+,3)'&#$'(&() &"%1'$"8&"-+)#*");&)'&0,*3&()!+1"/)=>) =&#$'()*"()A,*3;*#O4 @$"-1"!$!+)180*1'8&"-)+-'&*81"/)*,+$) 0'$%1(&+)/'&*-&')%1+1;1,1-3)1"-$)-'*"+1&"-) #$88!"1#*-1$"+)1++!&+4 J=&*,<-18&)=>)180*1'8&"-)+-'&*81"/) *,,$:+)&"/1"&&'+)-$)$;+&'%&)#.*""&,)
0&'2$'8*"#&)#$"-1"!$!+,37)'*-.&') -.*")'&,31"/)$")+-*-1#)-&+-)+"*0+.$-+75) ?*#@$3)+*3+4)JE.1+)8*O&+)1-)0$++1;,&)-$) (&-&#-)-'*"+1&"-)1++!&+d,1O&);'1&2)2*(&+7) Z$00,&'<1"(!#&()&''$'+)$')1"-&'2&'&"#&) ;!'+-+d;&2$'&)-.&3)#*!+&)2!,,),1"O)2*1,!'&45 e3)*,1/"1"/)180*1'8&"-+):1-.)8&-'1#+) +!#.)*+);1-)&''$')'*-&)*"()+1/"*,<-$<"$1+&) '*-1$7)&"/1"&&'+)/*1")8!#.)/'&*-&')1"+1/.-) 1"-$)+3+-&8);&.*%1$!'4 JC-)180'$%&+)&*',3):*'"1"/7)(1*/"$+1+7) *"()#$"_(&"#&)-.*-),*;<-&+-&() 0&'2$'8*"#&):1,,).$,()!0)1")'&*,) *&'$+0*#&)&"%1'$"8&"-+75).&)*((+4 )
@"33251#&'(18-(&-<1('-&-5+1#2&(24( +-52)3+*-();)1-6))
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f,-18*-&,37)?*#@$3);&,1&%&+)+$Y:*'&< (&_"&(),*;$'*-$'3)%*,1(*-1$"):1,,)*,,$:) $'/*"1+*-1$"+)-$)'&(!#&)(&0&"(&"#&) $")&I0&"+1%&)H1/.-)-&+-1"/):1-.$!-) #$80'$81+1"/)81++1$")*++!'*"#&4 JE&+-)-&*8+)-.*-)*($0-)H&I1;,&7)1"+-'!8&"-< /'*(&)0,*-2$'8+)+!#.)*+)a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
!"#$%&'()#%*(+(,#-%.$#"#'*( ///0#"#$%&'01&" !"#$%&"'"()*+,+-
!"
,-.,/),
!"#$%&'$()*(+,($-,)$-$.,)-/$+0/1+*$2+,$ "1."$0,)31(1+*$0+(1/1+*$4)-(5,)4)*/(
!"#$%&'"()$*+#*'(,-*($,%.#),/,($0"#*%+10()$0#-,(,)"#&1-*%y)#3)1*(1)#4,"$($,%$%3#*00')*05.# 1%3$%11)"#%11&#"1%"$%3#(106%,+,3$1"#(6*(#&1+$21)#4)10$"$,%#7$(6,'(#0,-4),-$"$%3#)1+$*/$+$(58# 91%:*-$%#;1$"".#<$1+&#!44+$0*($,%"#=%3$%11)#*(#!%*+,3#>12$01"#?%08#@!>?A.#1B4+*$%"#6,7#*%$",(),4$0# -*3%1(,)1"$"($21#@!C;A#"1%",)"#4),2$&1#*#),/'"(.#6$36#*00')*05#*+(1)%*($21#(,#0,%21%($,%*+# 4,"$($,%#"1%"$%3#(106%,+,3$1"#D,)#/,(6#+$%1*)#*%&#),(*)5#-1*"')1-1%(#*44+$0*($,%"8 !"#$%&'%$"(%)('$%$*+(%,-%'(.',/%$,% 0(#'1/(%$"(%+,'&$&,.%,-%0,2&.3%#.4% /,$#$&.3%(5(0(.$'6%
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
7&31/(%89%:&.(#/%4&'+5#;(0(.$%0(#'1/(0(.$%<5(=>?%,@A'"#=%0(#'1/(0(.$%<0&445(>?%#.4% (.4A,-A'"#=%0(#'1/(0(.$%</&3"$>B
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α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
7&31/(%C9%DEDFGHI?%DEDFGH8?%#.4%DEDFGH8AC%DJK% ;,.L31/#$&,.'%M&$"%!"(#$'$,.(%)/&43('%#$%#%FGN%#.35(% $,%(#;"%,$"(/B
!"
!"#$%&"'"()*+,+-
292:;<N!8%0/!%!8'.8/#!+#/,'(')&>!"8/$!%D()! #/A7,/!*8/!*)#[7/!#'++D/!%&A!+#)0'A/!*#7/! +)@/#!)&!%F()D7*/!+)('*')&!'&C)#-%*')&!%T/#! (*%#*J7+!)#!%&!'AD/!(*%*/!'##/(+/,*'0/!)C!*8/! -)*)#!+)('*')&> "8/!234!*/,8&)D).$!C#)-!29H!-/%(7#/(! *8/!%&.D/!F$!-/%&(!)C!*@)!K8/%*(*)&/! F#'A./(!@'*8!)&/!#)*%*/A!F$!:;X!@'*8!#/(+/,*! *)!*8/!)*8/#!1(//!R'.7#/!^5>!"8/!%&.D/!'(! ,%D,7D%*/A!0'%!('&/!%&A!,)('&/!C7&,*')&(!%&A! #/+#/(/&*(!*8/!)#'/&*%*')&!C#)-!=X!*)!NO=X! '&!#/D%*')&!*)!*8/!(/&()#!1292:;<=5>
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
!"#$%&'()*+,)-'.",/'' 000/#"#$%&/,%1
More Precision Next generation – high performance GREEN laser scanners with 4K resolution
scanCONTROL 8500 The most compact, SMART 3D scanner with 4K resolution Innovative Green Laser Technology Maximum detail detection: Z linearity <0.8 µm, X spacing 6 µm
INDUSTRIAL ETHERNET
Direct output of measured values via Industrial Ethernet
3D analysis of the point cloud 2D analysis of the profiles
GREEN LASER
NOK – DEFECT DETECTED
2D 3D
Height 0.691 mm Width 3.683 mm
Micro-Epsilon UK Ltd | www.micro-epsilon.co.uk | info@micro-epsilon.co.uk | Tel +44 151 355 6070
!"#!$%!
!
!!"#$%&'#(#'&)%*)+*,&#*(&)%*)-'& ./)+-*&+*&0/!#*-+(&'-1-2)
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ʡ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
!"
!"#$%&"'"()*+,+-
!"#!$%! !"#$%&'()$*"+$(#*!%,$"-*.$!(/)*0#12$!!*%).* "+$*!-!"$&3'$4$'*2$#"(52%"(1)6 *
!"#$%&'()$*%#'
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
When precision is paramount, engineers choose Chell
"+$(#*%9('("-*"1*0$#,1#&*21&0'$<*"%!A!*'(A$* )%4(/%"()/*8)$4$)*"$##%():*/#%!0()/*19>$2"!* 1,*.(F$#$)"*!+%0$!*%).*!(G$!:*%).*()"$#%2"()/* ()*.-)%&(2:*#$%'3=1#'.*$)4(#1)&$)"!6 H.4%)"%/$!*1,*!$)!1#*,8!(1)*()2'8.$I * J)2#$%!$.*%228#%2-*9-*&$#/()/*.%"%* ,#1&*.(F$#$)"*!$)!1#! * K$.8).%)2-*"1*$)!8#$*,8)2"(1)%'("-*(,* 1)$*!$)!1#*,%('! * J&0#14$.*$)4(#1)&$)"%'*%=%#$)$!!* =("+*%*,8''$#*4($=*1,*!8##18).()/! * E$""$#*%.%0"%9('("-*"1*.-)%&(2* $)4(#1)&$)"! *
+,-,&',#-'.,/"&,'$"#$%&'()$*%#'
K%.%#*(!*1L$)*8!$.*()*#191"(2*!-!"$&!*.8$* "1*("!*.8#%9('("-*()*+%#!+*21).("(1)!*%!*=$''* %!*("!*#$'(%9('("-*=+$)*.$"$2"()/*19>$2"!* .8#()/*4%#(18!*&14$&$)"!6*DJ*!$)!1#*JM!* =$#$*.$4$'10$.*"1*+$'0*$)/()$$#!*&%<(&(!$* "+$*%228#%2-*%).*%=%#$)$!!*1,*"+$*#191"!* "+$-@#$*.$4$'10()/*!-!"$&!*,1#6*D+$!$* .$4(2$!*2%)*+$'0*&("(/%"$*"+$*!+1#"21&()/!* 1,*%*!()/'$3!$)!1#*!-!"$&6 ;1#*$<%&0'$:*"+$*2%&$#%*%).*#%.%#* !$)!1#*&1.8'$*()*;(/8#$*N*8!$!*%)*JOPQRS*
Miniature Scanners
2%&$#%*%).*%)*JTKUVWNJ?X*YZO* &&T%4$*#%.%#*!$)!1#6*D+(!*&1.8'$*8!$!* %)*19>$2"3'$4$'*,8!(1)*%00#1%2+*"+%"*%00'($!* "1*91"+*2%&$#%*4(!(1)*0#12$!!()/*%).*#%.%#* 0#12$!!()/*2+%()!*"+%"*,128!*1)*19>$2"* 2'8!"$#()/*%).*"#%2A()/[*%''1=()/*$)/()$$#!* "1*"#%2A*%).*.$"$2"*19>$2"!*()*%*"+#$$3 .(&$)!(1)%'*$)4(#1)&$)"6 * !)//,&0* H!*+8&%)1(.*#191"!*"#%)!("(1)*,#1&* 21)"#1''$.*$)4(#1)&$)"!*"1*#$%'3=1#'.* .$0'1-&$)":*&&T%4$*#%.%#*"$2+)1'1/-* =(''*9$21&$*()2#$%!()/'-*2#82(%'*"1* %2+($4()/*"+$*#$'(%9('("-*%).*!%,$"-*!"%).%#.!* #$\8(#$.*,1#*+8&%)3#191"*21''%91#%"(1)6 D+$*21&9()%"(1)*1,*=$%"+$#3 ().$0$).$)"*10$#%"(1):*,8)2"(1)%'*!%,$"-* 2$#"(52%"(1):*%).*!$%&'$!!*!$)!1#*,8!(1)* 2%0%9('("($!*01!("(1)!*#%.%#*%!*%*8!$,8'* 21&01)$)"*()*)$<"3/$)$#%"(1)*+8&%)1(.* 0'%",1#&!6*Y)/()$$#!*=+1*.$4$'10*!$)!()/* !-!"$&!*%#18).*#%.%#310"(2%'*,8!(1)*"1.%-* %#$*98('.()/*"+$*,18).%"(1)*,1#*"#8'-* %8"1)1&18!*+8&%)1(.*#191"!*2%0%9'$* 1,*10$#%"()/*!%,$'-*%'1)/!(.$*+8&%)!*()* 21&0'$<*$)4(#1)&$)"!6
!"#$%&'(%)*+,"()% ---.)/.01,
Couplings & Accessories
For over five decades, our pressure, vacuum and gas flow measurement technology has been at the forefront of performance. Whatever the challenge, our products reduce uncertainty and deliver the insight and control that lead to better results.
Industrial Scanners
Explore our range at chell.co.uk Measurement & Control Products
+44 (0)1692 500555 | chell.co.uk
E7LEH@E
!"#$$%&'($)*(+&,**&
!"#$%&#'()*+)$%,#-.,%'#$)"/0'1$)2'$'1$&"#)-'#-"%-) %'3"45$&"#&-')$%,#-.,%'#$).4,-$&1)2'$'1$&"#6
!
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�,47$ .&*8&0/'05$"G,#/'0$('.&#&44,4,3$#,4/&6/4/+7$ ('&)),*+,3$67$+1,$+#&'-.&#,'*75$+1/*8',--5$ &'3$".,#&+/"'&4$6,',H+-$)"#$.&*8&0/'0$&'3$ -1&.,5$"#$-.,,3$")$+1,$+�,+5$,4/%/'&+/'0$ 6"++4/'0$4/',-9 %(4+/.4,$-;/+*1/'0$"'$&$-/'04,$+�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�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
!"
!"#$%&"'"()*+,+-
E"9+8"F3<%(3,A+%/-<%9/"-,3-/-031% [/%.4,$"',$"#$+;"2-+,.$+,&*1$.#"*,3(#,-$ ".+/%/-,$/'/+/&4$-,'-"#$-,+2(.5$&'3$ #,%"+,$-,'-/+/=/+7$#,+#/,=&4$"#$(.3&+,-$ =/&$\]2^/'8$%/'/%/-,$+1,$',,3$)"#$ %&'(&4$&3@(-+%,'+-9 $ G*)/0,"43%B/"-,3-/-031%Q$-+&6/4/+7$&4&#%$ 1/014/01+-$#,3(*,3$-,'-/+/=/+75$S&00/'0$ +1,$',,3$)"#$.#,=,'+&+/=,$%&/'+,'&'*,$ 6,)"#,$&'7$.,#)"#%&'*,$3,0#&3&+/"'$ "**(#-5$.#,=,'+/'0$*"-+47$6#,&83";'-9 $
<9=&(%#9$+#&,:-#.$+*-$;*9#-($ +&%,*-4#.$
Z,7"'3$+1,$*"#,$AB$+,*1'"4"075$+1,-,$ -,'-"#-$"G,#$&33/+/"'&4$),&+(#,-$+1&+$%&8,$ +1,%$/3,&4$)"#$%"3,#'$)&*+"#7$&(+"%&+/"'U $ 2HI5"-J%2-,3#*/,")-1$_`_$=,#-/"'-$*"%,$ ;/+1$\]2^/'8$-,#/&4$*"'',*+/"'$.#"+"*"4$ ,'&64,3$&+$'"$&33/+/"'&4$*"-+9$E1/-$ &44";-$)"#$#,%"+,$-,'-/+/=/+7$.&#&%,+,#$ #,+#/,=&4$&'3$(.3&+,-5$-/%.4/)7/'0$ %&*1/',$/'+,0#&+/"'$&'3$%&/'+,'&'*,9 $ @)'A(,%>)-(,*A0,")-1%:*"4&62*,#+/H,3$ .4&-+/*$1"(-/'0-$;/+1$&'$\_aO$#&+/'0$ ,'-(#,$3(#&6/4/+7$&'3$-(/+&6/4/+7$)"#$ -+#/'0,'+$,'=/#"'%,'+-5$/'*4(3/'0$+1"-,$ /'="4=,3$/'$.&*8&0/'0$%,3/*&4$.#"3(*+-9 $ K"<3%H+3*/,"-#%@/-#31%Q$-,'-/'0$#&'0,$ (.$+"$bNcc%%5$&3@(-+&64,$=/&$&$+,&*1$ 6(++"'$"#$\]2^/'85$&**"%%"3&+,-$&$)(44$ #&'0,$")$%&*1/',$0,"%,+#/,-9 $$
<$%'#&-$=4.4*($+*-$,"#$+:,:-#$
!"#$.&*8&0/'0$".,#&+/"'-$(-/'0$+#&'-.&#,'+$ .&*8&0/'05$+1,$&3".+/"'$")$AB$+#&'-.&#,'+2 "6@,*+$-,'-"#-$#,.#,-,'+-$&$-/0'/H*&'+$4,&.$ )"#;$/'$#,4/&6/4/+79$E1,-,$3,=/*,-$&#,$ 1,4./'0$%&'()&*+(#,#-$%&/'+&/'$1/012 -.,,3$.#"3(*+/"'5$%/'/%/-,$3";'+/%,5$ &'35$3,4/=,#$1/012F(&4/+7$.&*8&0,3$0""3-$ +"$+1,$%,+9$E1/-$+,*1'"4"07$.#"=/3,-$&$ #"6(-+$&'3$*"-+2,G,*+/=,$-"4(+/"'5$,'-(#/'0$ +1&+$)&*+"#/,-$#,%&/'$&+$+1,$)"#,)#"'+$")$ &(+"%&+,3$.&*8&0/'0$/''"=&+/"'9
!"#$%&#'() ***+,"#$%&#'(+,"-
PRECISION ON THE EDGE. Benchtop Metrology. Redefined.
Stop compromising between speed and accuracy. The NEW Edge Series from Vision Engineering brings laboratory-grade, non-contact measurement directly to your production floor. • • • •
INSTANT ZOOM
Seamless magnification for complex geometries.
4K CLARITY
See what others miss with ultra-high-definition imaging.
SHOP-FLOOR TOUGH
Built for the line, not just the lab.
EFFORTLESS ERGONOMICS
Maximise throughput without operator fatigue.
BRING THE LAB TO THE LINE.
Contact Vision Engineering today: Tel: 01483 248300 | Email: enquiries@visioneng.co.uk | Web: www.visioneng.com
-./-01-
!"##$%&$'($)('*+,$-$*%.+'/$,+01%'2%'*$0,3&0+4$ '-.%*-0%('$5(,$-30('(6(3&$&7&0+6&
!
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
!"#$%&'(&))*+,'-*./#"..'0"1")2+3"#4' 5&#&6"%'7#"%4/&)'89.4"3.'&4' 5/:%284%&/#';9'<-!,'.=&%".'=2>' "#6/#""%.'&%"'%"4=/#?/#6')2:&)/.&4/2#'@' A%23'(B88@:"#4%/:'$"./6#.'42'%"./)/"#4,' ."#.2%@A*./2#@$%/1"#'&%:=/4":4*%".C
!"#$%&'#()*+,-(*.&/)(012234#'5#4( '*"56*)5&'(3(78*)(4&#-(9)$/-)#4( +&:*+5-*)5&';(<#*'(5'(=$*:)5:#>#
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	'+)"I	+<+"9#'"#)$&+..2&+)?#!&# 9+<+"9)#'"#<7*)2A)? UE&+8"$.#)+")'8)#&7+"#A'(+#2"#$)#$292"3# 2"<%&)?#K7+*#A'88+A&#:'8#982V,#/%&#&7+*# 9'"I	+F"+#&7+#('&2'"#+)&2($&+?#K7$&I)# &7+#:%"9$(+"&$.#92W+8+"A+#/+&=++"#$# )*)&+(#&7$&I)#-044B8+.2$"&#$"9#'"+#&7$&# &8+$&)#2"+8&2$.#$)#&7+#<82($8*#8+:+8+"A+? ##
?8*)()%=#-(&@(#A)#$'*+(-#'-&$-(*$#( #'65'##$-(/-5'6()&4*%>#
!"#$%&'(&))*+,'K7+#+A')*)&+(#7$)#38'="# C%2&+#$#/2&?#P+<+"92"3#'"#&7+#<.$&:'8(,# =+#A'(('".*#)++#12)%$.#'9'(+&8*#$"9# )2(%.&$"+'%)#.'A$.2)$&2'"#$"9#($<<2"3# 54XDQ6,#.237	+&+A&2'"#$"9#8$"32"3#
!"
!"#$%&"'"()*+,+-
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
B&7(*$#()8#-#(-56'*+-(5')#6$*)#4>(
!"#$%&'(&))*+,#!"#(')&#+(/+99+9# <.$&:'8(),#=+#%)+#.'')+.*#A'%<.+9# $8A72&+A&%8+?#UE&+8"$.#)*)&+(),#=7+&7+8##
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Ł+)#&7+# +"&28+#)*)&+(#('8+#8''(#&'#/8+$&7+#=7+"# $292"3#)'%8A+)#/+A'(+#%"8+.2$/.+?#Z+&&+8# 2"+8&2$.#<+8:'8($"A+#&8$").$&+)#928+A&.*# 2"&'#/+&&+8#8+)2.2+"A+?
!"#!$%!
!!"#"$%&'(')*+&%),-&.)(/*"$)-0&123&
4'","4(*&"-&-+$4.'2$"-(,"2$&(4,5(**+6!
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
7.(,&.(88)$-&3.)$&9:;;&-,(',-& /)%'(/"$%6!
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
#1,,/*+!#6/!%0%#/2!(%!'1,,(,7!/,#('/*0!.,! -/)-!'/&S.,(,73!='(V!-./%!7'.;3!W1#!;(#6! 7..-!G()%!%#)G(*(#0!),-!*.;!,.(%/!4'.2! #6.'.176!#6/'2)*!&)*(G')#(.,+!#6)#!-'(V! 7'.;#6!(%!%*.;!/,.176!#.!%#)0!2),)7/)G*/! 4.'!2),0!2(%%(.,!:'.F*/%3 !@6/!#'(&S(/'!:'.G*/2!(%!'/)&P1(%(#(.,3! Q6/,!INDD!&.2/%!G)&S+!#6/!&.''/&#(.,! 6)%!#.!G/!%2..#63!>,0!U12:!.'!'/%/#! &),!-/%#)G(*(%/!0.1'!&.,#'.*!*..:%! ),-!-(%'1:#!#6/!2(%%(.,3!@6)#!%2..#6! 6),-.M!(%!U1%#!)%!(2:.'#),#!)%!6),-*(,7! #6/!(,(#()*!-/,()*!7')&/41**03 !!
7.(,&(<25,&-822=$%&-8)4"=4(**+6&
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
>($&+25&-.(')&(&42$4'),)&/)8*2+#)$,& )?(#8*)6!
&'()*+,-+../01!Q/!;.'S/-!;(#6!)!ZIR! .:/')#(,7!(,%(-/!),!?TAU)22/-!#1,,/*3! @6/!)'&6(#/'/!&.2G(,/-!)!XRYAG)%/-! (,/'#()*!,)5(7)#(.,!&.'/+!;6//*!/,&.-/'%+! <(=>?!D<>[+!),-!)!#'1%#/-!21*#(G),-! INDD!'/&/(5/'!4.'!.:/,A%S0!.:/')#(.,3
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
123&325*/&+25&-5##('"-)&,.)&@(*5)& 2A&)?,)'$(*&("/"$%&"$B)4,"2$6!
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
!"#$%&'$(")* +++,-./+%$01,#%2
!"#$%&"'"()*+,+-
!"
49:;'<=!>?!;8'!74
!"#$"%%&$"#'(%)$#"'*+,-'&%./&")'-$.+'0' )+0&1%&'2,3/)4'0"5'0'"%-'$5%".$.6'.,'70.3+
!"#$%&'()*+$,-,.$/$0(1*2'+3$45678629$:(&6*'3$;+*2<$/$===>*2962**+6298*?692?@(=>&(>5A @%15$"#')8BB@$%&)4'),@86$,"'B&,?$5%&)' 1"5'$"",?16,&)'W'1@@'8"5%&',"%'&,,>4' 12&,))'6-,'51A)9 ''
,'#$$%+-./-01-)$.2%3)$%+$.&-)(&-")2%
!
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
!"#$%&'()%(%#$*#()+%
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
!"
!"#$%&"'"()*+,+-
!(*'CDCE'$)')6&8268&%5'1&,8"5' 6+%'6+&%%'B$@@1&)',>'7,5%&"'5%)$#"' %"#$"%%&$"#'B&126$2%G ' !($)*+,-.)'7$6.2-8'*,8&2%'6+%' 2,7B,"%"6)4'6,,@)'1"5'%JB%&6$)%' 6+16'B,-%&'6+%'"%J6'#%"%&16$,"' ,>'%@%26&,"$2'B&,5826)9'X%%6'6+%' )8BB@$%&)'5&$?$"#'$"",?16$,"'$"' UVM'5%)$#"4'B,-%&'%@%26&,"$2)4' 2,""%26$?$6A'1"5'0%A,"59 ' !"#$%%$%'7$6.2-8'N&,7' 7$2&,2,"6&,@@%&)'6,'&%1@Y6$7%' ,B%&16$"#')A)6%7)4'!(*'$)'-+%&%' %70%55%5'%"#$"%%&)'Z"5'6+%' 5%?%@,B7%"6'6,,@)4'+1&5-1&%' B@16>,&7)'1"5'6%2+"$21@'3",-@%5#%' 6,'),@?%'6+%'2+1@@%"#%)'6+16'7166%&9' ' /$)01-.)1('7$6.2-8'X16%&$1@)4' 71"8>1268&$"#4')$78@16$,"4' B&%2$)$,"'%"#$"%%&$"#9'!(*'#$?%)' 7%2+1"$21@'5%)$#"'%"#$"%%&)' 5$&%26'122%))'6,'6+%')8BB@$%&)'1"5' ),@86$,")'6+16'613%'1'B&,5826'>&,7' 5&1-$"#'0,1&5'6,'&%1@$6A9
%5$6,&$1@'B1&6"%&)4'F+%'!"#$"%%&4'!8&%31' 1"5'R%-'!@%26&,"$2)4'5%@$?%&$"#'%JB%&6Y@%5' 2,"6%"6'#&,8"5%5'$"'&%1@'%"#$"%%&$"#' B&126$2%4'",6')1@%)'B&%)%"616$,")9 *$7,"'M,"%@@'155)G'O^1?$"#'?,$2%)' @$3%'6+%)%'1&,8"5'6+%'610@%'$)'1')616%7%"6' ,>'$"6%"69'F+%)%'1&%'6+%'B%,B@%'16'6+%' >,&%>&,"6',>'M&$6$)+'%"#$"%%&$"#4'1"5'6+%$&' $")$#+6'-$@@'5$&%26@A')+1B%'-+16'+1BB%")' ,"'6+%')+,-'S,,&4'0,6+'$"'>%168&%'1&%1)' 1"5',"'6+%'2,">%&%"2%')61#%9T F+%'&%126$,"'>&,7'6+%'0,1&5')B%13)' >,&'$6)%@>9'`"%'7%70%&')877%5'8B'6+%$&' &%@16$,")+$B'-$6+'!(*')$7B@AG'OK6=)'6+%',"@A' )+,-',"'6+%'V1@1"5%&4'6+16'K'-,"=6'@%6'7A' -$>%'0,,3'1'+,@$51A',"'6+,)%'516%)9T ''
<$;%="#%>?>@8%!$$&%&'$%796$#%
!(*'CDCE'$"6&,582%)'1'5%5$216%5'X%%6' 6+%'M8A%&'B&,#&177%4'1')6&8268&%5')B12%' -+%&%'%"#$"%%&)'1"5'08A%&)'21"'2,""%26' 5$&%26@A'-$6+'@%15$"#')8BB@$%&)'6+&,8#+' B&%Y1&&1"#%5'7%%6$"#)9'*8BB,&6%5'0A'6+%' !(*'%?%"6'1BB4'?$)$6,&)'21"'B@1"'6+%$&'51A4' 0,,3'7%%6$"#)'$"'15?1"2%'1"5'713%')8&%' %?%&A'2,"?%&)16$,"'2,8"6)9 ''
4%/$1$*#(&-")%"=%-))"5(&-")%
:0,?%'%?%&A6+$"#4'!(*'CDCE'$)'5%)$#"%5' 6,'>%%@'@$3%'%J126@A'-+16'$6'$)G'1'2%@%0&16$,"' ,>'6+%'$"#%"8$6A4'2&%16$?$6A'1"5'2&1a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bcd'`26,0%&'CDCE9' 6+%')+,-'2,"6$"8%)'6,'&%S%26'6+%'&%1@' [%#$)6&16$,"'$)'>&%%4'Z"5',86'7,&%'+%&%G' 2+1@@%"#%)4'6%2+",@,#$%)'1"5',BB,&68"$6$%)' ---9%"#$"%%&$"#5%)$#")+,-92,983 >12$"#'6,51A=)'5%)$#"'%"#$"%%&)9 !"#$"%%&$"#'(%)$#"'*+,-'' F+%'2,">%&%"2%'B&,#&177%'-$@@'0%' ---.%"#$"%%&$"#/%)$#")+,-.0,.12 28&16%5'$"'B1&6"%&)+$B'-$6+'!(*='6&8)6%5'
THE HOME OF UK DESIGN ENGINEERING
@EngDesignShow #EngDesignShow
From concept to prototype. From PCB to production.
ELECTRONIC DESIGN
EMBEDDED DESIGN
MECHANICAL DESIGN
Whatever you’re designing, you’ll find the people, products and expertise at EDS.
7–8 October 2026 Coventry Building Society Arena
www.engineeringdesignshow.co.uk
!"#$%&'()%&*)+*(,(-).)/+(.0.!#%.
!
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
!"#$"%%&$"#'&()(&'*+&'' (,-+"+.+,/'+0%&(-$+"$
=2."(&7"$0-/,$+-3-+$42-.)(+0%$#*(2*#3$ )+(0$=<=D$.#'"/(2(7,:$3#%17/1/7$%#/%(+%$
!"
!"#$%&"'"()*+,+-
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
!"#$%&'()%&*)+*(,(-).)/+(.0.!#%. !"#$%&'#(%)!'*#%+,#$"*'#-+("*$',# ,'.-)-"+)#/0-1'#-$2*"3-+4#"3'*%11# )-!5%!-"+%1#%/%*'+'))6 #
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
1&0,.20&$%&'%,'3$,'$4".00&'3,'3$ &'5,)('-&'/%#
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
!%*4'!#,'!'.!-"+#%14"*-!0$)6#J0'#)9)!'$# $5)!#,-)!-+45-)0#$'%+-+4(51#"8E'.!)#(*"$# '+3-*"+$'+!%1#.15!!'*#/0-1'#$%-+!%-+-+4# )'+)-!-3-!9#"3'*#1"+4#,-)!%+.')6> B"+)-)!'+.9#%.*"))#/-,'19#3%*9-+4# '+3-*"+$'+!)#-)#'K5%119#-$2"*!%+!6 <@5!"+"$"5)#3'0-.1')#.%++"!#.0"")'# !0'-*#"2'*%!-+4#'+3-*"+$'+!6#J0'# )'+)"*#$5)!#2'*("*$#*'1-%819#-+#.1'%*# /'%!0'*:#,'+)'#("4:#0'%39#*%-+#%+,# %!#+-40!6#@.0-'3-+4#!0%!#."+)-)!'+.9# *'K5-*')#'C!'+)-3'#!')!-+4:#"2!-$-)%!-"+# %+,#3%1-,%!-"+6> #
67$8&9&'8%$('$2&//&)$8./.$
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
:.0.'4,'3$9&)*()-.'4&$;,/"$ .<()8.2,0,/#$
O0-1'#!'.0+-.%1#2'*("*$%+.'#*'$%-+)# '))'+!-%1:#."$$'*.-%1#,'21"9$'+!##
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
:&#('8$.+/('(-(+%$5&",40&%$
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
!"#$%&$"&' ((()*"#$%&$"&')+,-
!"#$%&"'"()*+,+-
!"
!"#$%&'()%&*)+*(,(-).)/+(.0.!#%.
!""#$%&'("&)$*""$+&,-.&/0-)*'#0& #1/%#$%&#*&'2/$*3-21#$%&0-142"**"5&/#2& 1/#$'"$/$0"&#$&/)'-1-'#6"&1/$)3/0')2#$%
!"#$%&''&()*+%),&*-')*.()$.&/#*0+1)+.'0*2+,+03)1*.)4/+&0,3)+.1%&*'&)&.&%53)1".'/#$0+".6)%&(/1&)$%"1&'') 1".'+'0&.13)*.()1".0%+2/0&)0")1"'0,3)("7.0+#&)*1%"'')*/0"#"0+8&)$%"(/10+".),+.&'9):&%&):;<=;!>?) @+5@,+5@0')@"7)*1"/'0+1)+#*5+.5)0&1@.","53)+')5+8+.5)#*+.0&.*.1&)0&*#')*)A*'0&%)7*3)0"),"1*0&)@+((&.) A*/,0'6)'/$$"%0+.5)$%&(+10+8&)#*+.0&.*.1&)7@+,&)+#$%"8+.5)$%"(/10+".)&B1+&.13)*.()%&,+*2+,+039
!
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`A#.'7+#$,7#)($2+# $,,'&$&)',"#$1"'#")(01)-4#/+0'/&),2#$,7# )(0/'*+#),"0+.&)',#&/$.+$:)1)&4; #
&+$("#$77/+""#7+*+1'0),2#-$%1&"#:+-'/+#&3+4# /+"%1&#),#.'"&14#0/'7%.&)',#),&+//%0&)',"; #
50*+#/$%'*.#(+%)'*6$7#++#/$4%*%7%8%+9$
@'(0$/+7#9)&3#&/$7)&)',$1#1+$C#7+&+.&)',# &+.3,)D%+"6#$.'%"&).#)($2),2#.$,#/+7%.+# ),"0+.&)',#&)(+"#:4#%0#&'#YJK;#Z3+# .$(+/$"#.$,#$1"'#7+&+.&#-$%1&"#-/'(# 7)"&$,.+"#'-#%0#&'#$00/'M)($&+14#T_J#(6# $11'9),2#),"0+.&)',"#&'#:+#.$//)+7#'%&# "$-+14#),#3$X$/7'%"6#+1+*$&+7#'/#7)5.%1&#&'# $..+""#1'.$&)',"; a!%&'('&)*+#($,%-$.&%/),2#)"# -%,7$(+,&$114#:%)1&#',#/+0+$&$:1+#$,7# +5.)+,�/'.+""+"6b#"$4"#S&+-$,#c)6# B*+/"+$"#?$/C+&#[)/+.&'/#$&#<=>?=@AB;# !"#$"%&&#'$()*+$),$()-./#**#&$0%/$ a!.'%"&).#)($2),2#2)*+"#($),&+,$,.+# =,7%"&/4#+"&)($&+"#"%22+"&#&3$&# 12..)/+%'3$02+)-)+%4#$./)&2(+%)'$ &+$("#*)"):)1)&4#),&'#0/':1+("#&3$&# ($,%-$.&%/+/"#1'"+#:+&9++,#IJK# !%&'('&)*+#($,%-$.&%/),2#0/+"+,&"#$# &/$7)&)',$114#/+($),#3)77+,#%,&)1#&3+4# $,7#LJK#'-#.'(0/+""+7#$)/#&3/'%23# /$,2+#'-#($),&+,$,.+#.3$11+,2+"#&3$&# 7)"/%0�/'7%.&)',;#Q4#&/$,"-'/(),2# 1+$C$2+;#=,#$%&'('&)*+#01$,&"6#93+/+# ($C+#.',*+,&)',$1#1+$C#7+&+.&)',#:'&3# "'%,7#),&'#$.&)',$:1+#*)"%$1#),-'/($&)',6# +M&+,")*+#0,+%($&).#),-/$"&/%.&%/+# &)(+#.',"%(),2#$,7#7)5.%1&; ($,%-$.&%/+/"#.$,#('*+#-/'(#/+$.&)*+# "%00'/&"#3%,7/+7"#'-#0/'7%.&)',#$""+&"6# =,#/':'&).#9+17),2#.+11"6#.',"&$,&14# ($),&+,$,.+#&'9$/7"#0/+7).&)*+6#7$&$# +*+,#/+1$&)*+14#"($11#1+$C"#.$,#/+"%1&# ('*),2#3'"+#$""+(:1)+"#$,7#7+,"+14# 7/)*+,#$""+&#($,$2+(+,&;b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
!"
!"#$%&"'"()*+,+-
!"#$%&'()%&*)+*(,(-).)/+(.0.!#%.
!
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
("007'&(+2&"'$5%D3*% (+0*)+%1)"4&#*$%23*%)+B% 0*+$7)*0*'2%#+2+9%6E% *L2)+(2$%0*+'&',%8)"0%&2% +'#%$"QB+)*%0+<*$%23*% )*$7-2&',%&'8")0+2&"'% +4+&-+/-*%2"%3&,3*)%-*4*-% ("'2)"-%+'#%*'2*)1)&$*% $.$2*0$5 %
5/"#(%*0&2%64)2%"&(2"( %&13042%"&(
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
!"#$%&"'"()*+,+-
!"
!"#$%&'()%&*)+*(,(-).)/+(.0.!#%.
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
!
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
!"
!"#$%&"'"()*+,+-
ENGINEERING INTEGRITY SOCIETY
INSTRUMENTATION, ANALYSIS & TESTING EXHIBITION 13 April 2027, Silverstone Wing, Silverstone Race Circuit
FREE Entry & Seminars Complimentary Refreshments 80+ Exhibitors Latest Technological Developments: The exhibition is an ideal opportunity for
visitors to view and explore the latest advancements in instrumentation, analysis and testing technologies across various engineering sectors.
Networking Opportunities: The event provides a friendly and engaging atmosphere for networking with engineers and other professionals from automotive, aerospace, rail, power generation, off-highway, material handling, motorsport, medical and general research industries.
Co-sponsored by:
Headline Sponsor
www.e-i-s.org.uk | +44 (0)7759 291268 | info@e-i-s.org.uk
!"#$%&'(!&
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
!
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
!!
!"#$%&"'"()*+,+-
)&)$1&:.9$()'$9&435.()1$;.1"$I9&5(*$ ,#@/.,#4#)108$#)0/,.)-$9&43(1.*.5.12$;.1"$1"#$ '#1#,-#)10$()'$'.0.)%#91()10$,&/1.)#52$/0#'$ 1",&/-"&/1$%&&'$()'$*#+#,(-#$3,&'/91.&)6 $
40"0-,"-*#%"+)"&03,%"*0"+*$%5* 3)26)(03'()&$
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
7'66%(3,"-*20#/,")*6)(.%(20"#)*
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
!""! ###$%""%&'(")*$+,-
!"#$!%&$'$%()*%+
!
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
!"#$%&'()$)*#$+,#**)-*#")#./#"&#'0#) O*&,(&82&,)&(%"*(9&63.&("($&D#)#5( 7"6+3,()#(+%&($&/&'32.&#+(37()#$-*+,)"'( %"#$%&'$(&?-)2.&#+;(>#($&."#$)#5( 2,3$-6+)3#(&#/),3#.&#+*4(32&,"+3,*( #&&$(+33'*(+%"+(.)#).)*&(63.2'&8)+1(
!"
!"#$%&"'"()*+,+-
!"#$%&#"'()*+%&",-'+".%'#%,-'+**,/+-'% ,0+-',12(',#-3%'4+%+5#*6',#-%#7%4(-04+*0% ,-.'"6$+-'.%,-%,-06.'",(*%+-5,"#-$+-'. !"#$%&'()*+,)"#,-*#+#-.(/-%+)'-+-.0*.("1+2'03+%&)"#)*0"-+ &00*%+("&0+/0""-/&-#4+("&-**(1-"&+%5%&-3%+&,)&+%$660'&+ #(1(&)*+70'8907%4+&')/-):(*(&5+)"#+2'0"&*("-+6'0#$/&(.(&5;+ !*%-+<&'0::-4+=>=?+@'0#$/&+>)")1-'+@0'&):*-+@'("&-'%+ )&+A')#5+B0'60')&(0"4+-C6*)("%+,07+/,)"1("1+/$%&03-'+ -C6-/&)&(0"%+)'-+%,)6("1+&,-+"-C&+1-"-')&(0"+02+("#$%&'()*+ ,)"#,-*#+("%&'$3-"&%;
"#$(,&$-6&(+%&(+).&(,&?-),&$(+3( 63.2'&+&(&/&,1$"1(+"*:*; I,"$1(%"*(,&*23#$&$(+3(+%)*(,&?-),&.&#+( +%,3-5%()+*(N"9&'F&#*&("22,3"6%4( 0%)6%(%"*(9&&#().2'&.&#+&$("6,3**( )+*(6-,,&#+(#)#&(.3$&'(.39)'&(2,)#+&,( ,"#5&;(=%&(+&6%#3'351(&#"9'&*(2,)#+&,*( +3(63..-#)6"+&(0)+%('3"$&$('"9&'( 63#*-."9'&*("#$('"9&'($&*)5#(*3A0",&4( %&'2)#5(-*&,*(*&'&6+("#$(2,3$-6&(+%&(63,,&6+( )$&#+)D6"+)3#(*3'-+)3#(.3,&(&P6)&#+'1;
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
1$,$'0&'()/2"%$3&,&%4)5&%6)&'7-*%"&$,) 7-"$3&,&%4( S&*)5#)#5(%"#$%&'$(&?-)2.&#+(73,( )#$-*+,)"'(&#/),3#.&#+*(,&?-),&*( 6",&7-'(63#*)$&,"+)3#(37(63.2&+)#5( 2,)3,)+)&*;(S&/)6&*(.-*+(9&(63.2"6+(
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
!"##$%&'('&)*+,'('#-*&.$*#$/&* -$#$,0&'"#*
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
1,&'2%'03*'#&$33'-$#%$*4"($5*"#&"*&.$* 60%&",)*7"",$
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
(-%$+-'&.2!/$%"5.*)"1%"(4$*%#32."0$%**)*&$ !"#$.1+*)5."0$%Z2.%"2'7 $
8.$*69&9,$*"6*.0#+.$3+** '#+95&,'03*&$%.#"3"-)$
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
!"#$%&'(")("#*+(, ---./"#$%.0(.12
!"#$%&"'"()*+,+-
!"
!"#$%&'()$*"+")$"$#
!
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
!"#$%$&'()*+,-.'/-$/)#')"0+"0/'%$0)' "/12,-'3101'
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𑇦'HF*"'&%1"'%-')*"'/#)"&-(3"' "1"3)&%#/3$'/$')%'"C)&(3)')*"'0$"-01'/#-%&.()/%#' -&%.')*"'$"#$%&'%0)60)'(#,',"1/4"&'('31"(#2' &"1/(71"'$/5#(1')*()')*"'$+$)".'3(#')&0$)8K F*/$'/$'6(&)/301(&1+'/.6%&)(#)'/#' /#,0$)&/(1'(661/3()/%#$':*"&"'."($0&"."#)' (330&(3+',/&"3)1+'(G"3)$'%6"&()/%#(1' "L3/"#3+2'6&%,03)'E0(1/)+'(#,'$(-")+8 '
4*+#)5%$&'/%&$1,'%$0-&#%06'%$' 3-*1$3%$&'-$5%#)$*-$0/'
=#,0$)&/(1'"#4/&%#."#)$'6&"$"#)' $/5#/<3(#)'3*(11"#5"$'-%&'."($0&"."#)' $+$)".$8'D%)%&$2'6%:"&'"1"3)&%#/3$2'
!"
!"#$%&"'"()*+,+-
!"#$%"&"$&'$()*+",*)$%)-+.+'/.0$ 1'#$.)/.'($+/&)(2"-)$3456.$)/",*)$ .7"(&)($+/%8.&(+"*$7)".8()7)/& !"##$%&'()&**+$,-'./0"'$"1$2&#-(.##$,.3.*"45.(0$ 60$789:$56(&16/0&'.'$8;-(<"($8-*-/"($8=#0.5#+$ .>4*6-(#$?";$#.(#"'$-(0.'16/.$789:#$0'6(#1"'5$ -54.'1./0$#-@(6*#$-(0"$'.*-6)*.+$6/0-"(6)*.$<606$1"'$ ?-@?$4.'1"'56(/.$-(<�'-6*$"4.'60-"(#A
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𑇦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
!"#$%&'%(!)*
!"#$%&&'()%$*"+,('-'./$'0"12$ !"#$%&'"()&*+)$%,*)-.$&)"&/0&1& -,1-'*)"%(&'$+$2%*)$(&345&2-%)51*6& "3+)*)(.$4"+%15'()2%*)'($'66'1*7()*/ >#$&%*&E-4#^D'_"#Q!B#D%$#5+F+0"4+5#%#."5-0%*# #-)5&78%)5$%&-9:%".$9$,)( +0+2&*"0)$'$#$&%2M#&D%&#.%/-(%2&-*+$#20+%/#%.."/'%#
!
"#$%&'$()#%#*+,-'*+.+/&#("*#0"1+*#2"$%.+4*""(# 0""4#4"1+*+5#6789.:#'/5'2%&"*$;#'/#8989#<=>:# '/&*"5-2+5#&1"#/+1#?=@=A#%/5#:!=B#2+*&'C+5# '/$&*-.+/&$#1D'2D#%*+#5*"4E'/#%0&+*/%&'F+$#&"#=A#5# 3%.+4*""(#'/5'2%&"*$G#H$'/I#%#/"F+0#2".J'/+5#+A40"$'"/# 4*"&+2&'"/#&+2D/',-+;#/"&#"/0)#%*+#&D+$+#'/5'2%&"*$#0+$$# +A4+/$'F+#&D%/#=A#5#'/5'2%&"*$;#&D+)#(+%&-*+#F+*)#0%*I+#+%$)# &"#*+%5#5'$40%)$;#"4+*%&"*#4-$D#J-&&"/$;#%/5#+0'.'/%&+#&D+# /++5#("*#+A4+/$'F+#=A#5#2%J0+#I0%/5$G#KD%&L$#/"&#&"#0'M+N#
H
5'*+2&0)#(*".#1%&+*;#%'*#%/5#*+/+1%J0+#+0+2&*'2'&);# +0'.'/%&'/I#&D+#D)5*"I+/E'/&+*.+5'%&+#$&+4#*+,-'*+5#J)# 2"/F+/&'"/%0#`%J+*E<"$2D#4*"5-2&'"/G
!"#$%&'#()$*+$,(-&*
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
.($"+*/%0)$&*
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
!"#$%&''()*&+,'% ---./,0&.)(.10
S"-/5+5#J)#+0+2&*"2D+.'2%0#+/I'/++*$#:$D#P&"&&#%/5#<+/# >)a/;#&D+#2".4%/)#'$#&%*I+&'/I#/"/E2%4&'F+#%.."/'%#.%*M+&$;# '/20-5'/I#.%*'&'.+#$D'44'/I;# '/5-$&*'%0#2D+.'2%0$# %/5#D)5*"I+/#&*%/$4"*&;# %55*+$$'/I#&D+#H>L$#2-**+/&# *+0'%/2+#"/#'.4"*&$G Q*"F'/I#&D+#&+2D/"0"I)# 5+4+/5$#"/#%22-*%&+;# 2"/&'/-"-$#%.."/'%# .+%$-*+.+/&G#^D'_"#Q!B# $+0+2&+5#P-**+)EJ%$+5#P'I/%0# X*"-4L$#P6#]=<Hb:;#%# D+%&+5#!-/%J0+#c'"5+#b%$+*# P4+2&*"$2"4)#%/%0)$+*;#%d+*# %$$+$$'/I#2"0"*'.+&*'2;#S!?^;# X@#%/5#+0+2&*"2D+.'2%0# %0&+*/%&'F+$G#!D+#]=<Hb:#
2*34&5%67(18% ---.'*34&5937(18.)(:
D%$#*-/#'/#^D'_"#Q!BL$# 0%J#$'/2+#c+2+.J+*#898[;# 5+0'F+*'/I#*+0'%J0+#5%&%#+F+/# '/#D'IDE."'$&-*+;#0"1E3"1# 2"/5'&'"/$#"-&$'5+#'&$# "a2'%0#$4+2'C2%&'"/G K'&D#%#J+/2D&"4# 5+."/$&*%&"*#F%0'5%&+5# %&#!^b6;#^D'_"#Q!B# '$#/"1#$2%0'/I#&"1%*5# %#.-0&'EM'0"I*%.E 4+*E5%)#4'0"*"5-2&'"/# $)$&+.;#$-44"*&'/I#&D+# 5+2%*J"/'$%&'"/#"(#D%*5E&"E %J%&+#'/5-$&*'+$G #
!"#$%&"'"()*+,+-
!"
!"#$%&'()&*+
ALL
INSTRUMENTATION
INDUSTRY
SIGN UP FOR FREE! At All Instrumentation Industry, we’re more than just a magazine, we’re your trusted source for the most accurate, timely, and actionable insights in the Instrumentation sector.
0
0
Scan the QR Code
Fill in your details (not many we promise)
Receive the magazine FREE
CURRENT SENSE TRANSDUCERS
CALIBRATION SOLUTIONS
CALIBRATION & TEST SYSTEMS
SALES@TRANSMILLE.COM WWW.TRANSMILLE.COM
INFO@CHELL.CO.UK
INFO@DANISENSE.COM
.CHELL.CO.UK
WWW.DANISENSE.COM
INSTRUMENT SOLUTIONS
LEVEL & PRESSURE SOLUTIONS
MONITORING EQUIPMENT
FLOW, LEVEL & CONTROL
SALES@FLOWMETERS.CO.UK WWW.FLOWMETERS.CO.UK
PXI MODULAR INSTRUMENTATION
INFO@ABLEINSTRUMENTS.COM
INFO.UK@VEGA.COM
SALES@ROTECHSYSTEMS.COM
HTTPS://ABLEINSTRUMENTS.COM/
HTTPS://WWW.VEGA.COM/EN-UK
WWW.ROTECHSYSTEMS.COM
SENSORS
SENSORS
SENSORS
SENSORS
INFO@MICRO-EPSILON.CO.UK
WEBINFO@SENSORS.CO.UK
SALES@SOUTHERNTEMP.CO.UK
WWW.SENSORS.CO.UK
WWW.SOUTHERNTEMP.CO.UK
ORDERS.GB@IFM.COM .IFM.COM
!"
01
!"#$%&"'"()*+,+-
PS
.MICRO-EPSILON.CO.UK
SALES@PICKERINGTEST.COM WWW.PICKERINGTEST.COM
!"#$%!$&'()*!$")+ INSTRUMENTATION & CONTROL SPECIALISTS
PRESSURE MEASUREMENT
Transmille products cover a wide range of accuracy from industrial up to top national laboratories to ensure accuracy and precision at every level.
We want our customers to benefit from our experience, expertise and independence. The depth of instrumentation knowledge and our ability to apply a diverse range of technologies has established Able as a leader in providing the right solution, whatever the requirement. In short, being able to make your measurement is more than what we do, it’s who we are.
www.ansmann.co.uk
www.transmille.com
Tel: +44 (0) 1189 311188 info@ableinstruments.com www.ableinstruments.com
WIKA is a global market leader in pressure and temperature measurement and sets the standard in the measurement of level, force and flow, and in calibration technology. The broad portfolio of high-precision products, solutions and services makes the family-run business a strong and reliable partner.
PRESSURE TRANSMITTERS
PROCESS INSTRUMENTATION
BATTERY & CHARGER SPECIALISTS
> Batteries and Chargers > Battery Packs > Standard & Custom OEM > Li-Ion, NiMH, Alkaline.... > Power Supplies
ANSMANN UK LTD Tel: +44 (0) 1279 434179
CALIBRATION & TEST EQUIPMENT
Transmille Ltd is a leading manufacturer of calibration equipment, including multi product calibrator’s for multimeter’s and clamp calibration, electrical test equipment and precision multimeter’s for production facilities, service centres & calibration laboratories.
email: sales@ansmann.co.uk
ESI Technology Ltd, based in Wrexham, North Wales, is a globally recognised designer and manufacturer of highperformance pressure sensors, transducers and transmitters. The company’s products harness advanced Silicon-on-Sapphire pressure sensing technology, giving exceptional accuracy, stability and durability across demanding industrial, aerospace, defence, oil & gas, and hydrogen applications. ESI’s solutions are built to operate reliably in harsh environments and are offered with industry-leading certifications including ATEX, IECEx for hazardous areas and DNV for marine and offshore use. The business also holds the quality management certification AS9100D, reflecting its commitment to excellence in aerospace and critical system markets.
Tel: +44 1978 262255 Email: sales@esi-tec.com
www.esi-tec.com
Lee-Dickens is a private limited company which was started by an ex Royal Navy engineer in 1962. It has been involved in the design and manufacture of high integrity industrial and military process monitoring and control systems ever since and is today one of the leading suppliers of signal conditioning equipment and trip amplifiers in the UK. Our main areas of business are: • Process Instrumentation & Sensors - Commercial • Process Instrumentation & Sensors - Military • Remote Monitoring Systems & SCADA • Cloud-Based Monitoring • Sub-contract Manufacturing Tel: +44 (0) 1536 760156 Email: Sales@lee-dickens.co.uk
www.lee-dickens.co.uk
SENSORS
For 25 years, Texys Group has been designing, developing, manufacturing and distributing sensors under the Texense® brand, specializing in embedded physical measurements such as pressure, force, temperature, speed, current and inertia, both on-board and in laboratory, for all types of industries. Texys is recognized for its mastery of various technologies: infrared, fiber optics, strain gauges, wireless systems and communication, signal conditioning.
Tel: +33 (0)386 212 718 Email: sales@textense.com
www.texysgroup.com
Tel: 01737 644008 Email: info@wika.co.uk
www.wika.co.uk
TEMPERATURE SENSORS
abfacility a e t e s lea i ma fact e of Tem e at e e so s T e moco le o ecto s a associate Tem e at e st me tatio a stoc ists of T e moco le ables. T e om a y as bee t a i si ce 1 71 a is 001 acc e ite . e a e t o sites est sse a o t o s i e a e o t to o e 8 co t ies i me ts a e ma e to o l i e esti atio s o a aily basis. a itio to t e stoc e items abfacility also offe s bes o e Tem e at e e so s. e a e s ecialists i t e esi a ma fact e of c stom b ilt tem e at e se so s at o 18 000 s a e foot o s i e la t locate i i i to . e also offe a i e a e of com o e ts a fitti s fo se so i stallatio .
Tel: +44 (0)1243 871280 Email: sales@labfacility.com
www.labfacility.com
!"#$%&"'"()*+,+-
!"
ALL
INSTRUMENTATION
INDUSTRY
TECH DEEP-DIVES, MARKET TRENDS & PRODUCT SPOTLIGHTS
COMING UP IN THE SEPTEMBER ISSUE... INTERFACES DATA ACQUISITION CALIBRATION PRESSURE MEASUREMENT FLOW, LEVEL & CONTROL WATER MONITORING
FREE to receive
P U R P L E M E D I A
www.allinstrumentationindustry.com
F O X