Calpeda NR User manual
(B@C8@BAB5?B66B68AGE<9H:;8<A?<A8
?BF86BHC?8768AGE<9H:4?<A?<A8CH@CF
!A?<A8#E8<F8?CH@C8A<A?B6>54HJ8<F8
(B@C8F@BAB5?B668AGE<9H:8F<A?<A8
B@54F@BAB5?B668AGE<9H:4<A?<A8
%BAB5?B6>68AGE<9H:4?<A?<A8CH@C
”³´©´¶Åª³Á«¼«³¸¶´§«¬³Á«²´³´§±´½³Á«³¦·´·Á
直联离心管道泵
!%!%!%!%
&'%(-"!"%!#%d(&" (4:<A4 !G4?<4AB
"%!"#%'!!&'%('"!& (4:8 A:?<F;
"%!'%&!'(! +8<G8 8HGF6;
!&'%('"!&"%!&#"(%d('&'"!
(4:8 E4AZ4<F
!&'%("!&"%!&(&" (T:<A4 FC4aB?
"%!%'!&''"!&!)&!!%
+<74A +I8AF>4
{q|nzylƒlw‡y†qty}~|•v‚tt{zˆv}{w•l~l‚tt
ëÚ. 38 êÛÒÒÍËÈ
使用说明书 页码 44 中文
!+,&*3333%0+36BA:4??(4:<A4
!$ (*+&, %&-$ !+,*-2!'&! y
(*'(*!,t!$(+C'&!*!(*'-
2!'&& (*2!$y.!,,
!
!&'*%2!'&!&*$!
+*!2!'&,&!
*,,*!+,! ,&!
+!-*22
,*+('*,'%'.!%&,2!'&
!&+,$$2!'&
..!'!%(!'
%&-,&2!'&
+%$,!%&,'
*!%!
*!*-+,!
$$,!
<@8AF<BA<8C8F<
8AB@<A4M<BA878??8C4EG<
<F8:A<<AF8M<BA8
BC<478??47<6;<4E4M<BA87<6BA9BE@<GU
!"% -"!!%
(E<@47<HG<?<MM4E8<?CEB7BGGB?8::8E84GG8AG4@8AG8?8
4II8EG8AM88?8<FGEHM<BA<E<CBEG4G8<ADH8FGB@4AH4
?86;8 78I8 8FF8E86BAF8EI4GB C8E HA49HGHE4 6BA
FH?G4M<BA8
$4?<A:H4BE<:<A4?87<E874M<BA8\?w<G4?<4AB6;894EU
9878<A64FB7<7<99BE@<GUA8??8GE47HM<BA<
!?@4AH4?8\C4EG8<AG8:E4AG878??w4CC4E866;<B6B@8
E8F<7HB8FF8AM<4?8 7< F<6HE8MM4878I8 8FF8E86BA
F8EI4GB9<AB4??BF@4AG8??4@8AGB9<A4?878?CEB7BGGB
$w46DH<E8AG8CHcE<6;<878E86BC<478?@4AH4?8<A
64FB7<F@4EE<@8AGB6BAG4GG4A7B4?C874+C 8
FC86<9<64A7B<?G<CB7< CEB7BGGB E<CBEG4GB FH??w8G<6;8GG4
78??4@466;<A4*<9%4E64GHE4
!A64FB7<@B7<9<6;8@4AB@<FF<BA<B4?G8E4M<BA<78??w4CC4
E866;<BB C4EG< 7<8FFB ABA 4HGBE<MM4G874? 9455E<64AG8 ?4
u7<6;<4E4M<BA8vC8E78 7< I4?<7<GU 86BA8FF44A6;8 ?4
:4E4AM<4
$4CC4E866;<BCHc8FF8E8HG<?<MM4GB74
54@5<A<7<8GUABA<A98E<BE844AA<8
74C8EFBA86BAE<7BGG864C46<GU9<F<
6;8F8AFBE<4?<B@8AG4?<BCE<I87<
8FC8E<8AM4B78??4A868FF4E<46BAB
F68AM4CHE6;\FBGGBFBEI8:?<4AM4
BCCHE87BCB6;8?8FG8FF8455<4AB
E<68IHGB<FGEHM<BA<E8?4G<I84??HFBF<6HEB
78??4CC4E866;<B84??46B@CE8AF<BA8
78<C8E<6B?<478FFB<A8E8AG<!54@5<A<
ABA78IBAB:<B64E86BA?4CC4E866;<B
$4CH?<M<48?4@4AHG8AM<BA878FG<A4G4
478FF8E88998GGH4G474??HG<?<MM4GBE8
ABA78I88FF8E88998GGH4G47454@5<A<
F8AM4FBEI8:?<4AM4
&BAHF4E8?w4CC4E866;<B<AFG4:A<
I4F6;88C<F6<A8DH4A7BA8??w46DH4F<
GEBI4ABC8EFBA8
$8::8E84GG8AG4@8AG8?4F8M<BA8
<AFG4??4M<BA87BI8\E<CBEG4G4
?4@4FF<@4CE8I4?8AM4FGEHGGHE4?8
4@@8FF4A8?6BECBCB@C464C<GB?B
<?G<CB8?4F8M<BA878?64IB7<4?<@8A
G4M<BA864C<GB?B
<?G<CB7<CEBG8M<BA88?8GGE<6474<AFG4?
?4E864C<GB?B
&6:/<9<46.BA696GG.A.
(8E @<:?<BE4E8 ?4 6B@CE8AF<BA8 F< HG<?<MM4AB <
F<@5B?<C<GGB:E4@@<FBGGBE<CBEG4G<6BA<E8?4G<I<F<:A<9<64G<
!A9BE@4M<BA< 87 4II8EG8AM8 6;8 78IBAB 8FF8E8
E<FC8GG4G8 4?GE<@8AG< FBAB 64HF4 7< 74AA8::<4@8AG<
4??w4CC4E866;<B B 6B@CEB@8GGBAB ?4 F<6HE8MM4 78?
C8EFBA4?8
!A9BE@4M<BA<874II8EG8AM87<64E4GG8E88?8GGE<6B<?
6H< @4A64GB E<FC8GGB CHc 74AA8::<4E8
?w4CC4E866;<BB6B@CEB@8GG8E8?4F<6HE8MM478?
C8EFBA4?8
!A7<64M<BA< 7< ABG8 8 4II8EG<@8AG< C8E ?4
6BEE8GG4 :8FG<BA8 78??w4CC4E866;<B 8 78< FHB<
6B@CBA8AG<
!AG8EI8AG< 6;8 CBFFBAB 8FF8E8 FIB?G<
74??wHG<?<MM4GBE8 9<A4?8 78??w4CC4E866;<B (E8I<4
?8GGHE478??8<FGEHM<BA<8<?E8FCBAF45<?8C8E<?FHB
@4AG8A<@8AGB<A6BA7<M<BA<7<HG<?<MMBABE@4?<
4HGBE<MM4GB 4 94E8 BC8E4M<BA< 7< @4AHG8AM<BA8
BE7<A4E<4
!AG8EI8AG< 6;8 78IBAB 8FF8E8 FIB?G< 74 HA
8?8GGE<6<FG4 DH4?<9<64GB 45<?<G4GB 4 GHGG< :?<
<AG8EI8AG<7<A4GHE48?8GGE<647<@4AHG8AM<BA88
7< E<C4E4M<BA8 8 <A :E47B 7< BC8E4E8 <A
CE8F8AM47<G8AF<BA88?8GGE<64
!AG8EI8AG< 6;8 78IBAB 8FF8E8 FIB?G< 74 HA
G86A<6B DH4?<9<64GB <A :E47B 7< HG<?<MM4E8
6BEE8GG4@8AG8 ?w4CC4E866;<B <A 6BA7<M<BA<
ABE@4?<45<?<G4GB4GHGG<:?<<AG8EI8AG<7<A4GHE4
@8664A<647<@4AHG8AM<BA87<E8:B?4M<BA88
7<E<C4E4M<BA8
!A7<64 ?wB55?<:B 7< HFB 7< 7<FCBF<G<I< 7<
CEBG8M<BA8<A7<I<7H4?8CEBG8M<BA878??8@4A<
!A7<64 ?wB55?<:B 7< HFB 7< 7<FCBF<G<I< 7<
CEBG8M<BA8<A7<I<7H4?8CEBG8M<BA878:?<B66;<
!AG8EI8AG< 6;8 78IBAB 8FF8E8 FIB?G< 6BA
?w4CC4E866;<BFC8AGB8F6B??8:4GB74??89BAG<7<
8A8E:<4
!AG8EI8AG< 6;8 78IBAB 8FF8E8 FIB?G< 6BA
?w4CC4E866;<B4668FB
%.46<;2@<06.9226;16?6GG<129.//?60.;A2
*4:<BA8FB6<4?84?C874+C
!A7<E<MMB.<4*B::<47<%8MMB
%BAGBEFB.<68AG<AB.<68AM4!G4?<4
JJJ64?C874<G
i
OFF
ON
!,
&*&* *8I!FGEHM<BA<BE<:<A4?<(4:<A4
!+,&*3333%0+36BA:4??(4:<A4
"=2?.A<?6.BA<?6GG.A6
!?CEB7BGGB\E<IB?GB4BC8E4GBE<8FC8EG<7<I<F<GE4HG<?<M
M4GBE<9<A4?<78? CEB7BGGB8G86A<6<FC86<4?<MM4G<I87<
F<@5B?<FBCE4
w I<8G4GB C8E ?wHG<?<MM4GBE8 9<A4?8 8F8:H<E8
BC8E4M<BA< E<F8EI4G8 4< G86A<6< FC86<4?<MM4G< !?
9455E<64AG8ABAE<FCBA78 7< 74AA< 78E<I4G<74??4
@4A64G4
BFF8EI4AM47<DH8FGB7<I<8GB
.?.;G6.
(8E?4:4E4AM<4FH<CEB7BGG<94E8E<98E<@8AGB4??86BA
7<M<BA<:8A8E4?<7<I8A7<G4
$4:4E4AM<4<A6?H78FBFG<GHM<BA8BE<C4E4M<BA8
*,-!, 78??8 C4EG< 7<98GGBF8 E<6BABF6<HG8
74?9455E<64AG8
$4:4E4AM<478??w4CC4E866;<B786478
)H4?BE4?wHFB78??BFG8FFBABAF<46BA9BE@84??8<FGEH
M<BA<8ABE@878F6E<GG8A8?CE8F8AG8@4AH4?8
&8?64FB7<@B7<9<6;8BI4E<4M<BA<4CCBEG4G84E5<GE4E<4
@8AG8F8AM44HGBE<MM4M<BA878?455E<64AG8I87<C4E
&8?64FB7<<AG8EI8AG<7<4FF<FG8AM4G86A<648F8:H<G<
74C8EFBA4?8ABA4HGBE<MM4GB74?455E<64AG8
&8?64FB7<@4A64G4@4AHG8AM<BA8CE8I<FG4A8?
CE8F8AG8@4AH4?8
&2?C6G6<16@B==<?A<A20;60<
)H4?F<4F<H?G8E<BE8<A9BE@4M<BA8FH??47B6H@8AG4M<BA8
FH<F8EI<M<7<4FF<FG8AM48FH??8C4EG<78??w4CC4E866;<B
CHc8FF8E8E<6;<8FG444?C874+CI87<C4E4:E49B
&%-"!'!
BECBCB@C46BA5B66;87<4FC<E4M<BA887<@4A74G4
6BA?B FG8FFB 7<4@8GEB 87<FCBFG8 FH??BFG8FFB 4FF8
8F86HM<BA8u<A?<A8v
&*&*8?8GGEBCB@C868AGE<9H:;8@BAB:<E4AG<
@BAB5?B66B6BA466BCC<4@8AGB7<E8GGB@BGBE8CB@C4
84?58EBHA<6B
&*&*8?8GGEBCB@C868AGE<9H:;87BCC<4IB?HG4
I4?IB?446?4C8G@BAB5?B66B6BA466BCC<4@8AGB7<E8G
GB@BGBE8CB@C484?58EBHA<6B
(@<=?2C6@A<=2?
@20BG6<;2;<?:.92
(8E?<DH<7<CH?<G<F8AM4C4EG<45E4F<I8ABA4::E8FF<I<
C8E<@4G8E<4?<78??4CB@C46BAC4EG<FB?<789<AB
@4K
,8@C8E4GHE4?<DH<7B74i4i
@20BG6<;6@=206.96
(8E?<DH<7<CH?<G<F8AM4C4EG<45E4F<I8ABA4::E8FF<I<
C8E<@4G8E<4?<78??4CB@C46BAC4EG<FB?<789<AB
@4K6BA?8F8:H8AG<64E4GG8E<FG<6;8
%<F68?8E89E<:8E4AG<6BAG8@C8E4GHE8744i
6DH46BAG8@C8E4GHE874i4i
'?<B6BAG8@C8E4GHE49<AB4i8BI<F6BF<GU@4FF<
@47<6+G
(@<@0<??2AA<?.46<;2C<9:2;A2=?2C216/692
$w4CC4E866;<B\ FG4GB CEB:8GG4GB8 6BFGEH<GB 8F6?HF<
I4@8AG8C8E?wHFB78F6E<GGBA8?C4E
y 4FFB?HG4@8AG8 I<8G4GB ?w<@C<8:B
78??w4CC4E866;<BC8EHF<<@CEBCE<8@B74?<GU7<
HFBABACE8I<FG874?CE8F8AG8@4AH4?8
$wHG<?<MMB<@CEBCE<B78?CEB7BGGB78G8E<BE4?864E4GG8E<
FG<6;87<F<6HE8MM487< 899<6<8AM4 78??w4CC4E866;<B
4?C874ABACHc8FF8E8E<G8AHG4E8FCBAF45<?8C8E
:H4FG<B<A9BEGHA<7BIHG<4??w<ABFF8EI4AM478<7<I<8G<
FBCE46<G4G<
.?0.AB?.
<F8:H<GBHA46BC<478??4G4E:;8GG47<<78AG<9<64M<BA8
CE8F8AG8FH??w<AIB?H6EB8FG8EAB78??4CB@C4
%''%&''!
.A6A20;606
<@8AF<BA<7<<A:B@5EB8C8F<64C
.8?B6<GUAB@<A4?8EC@
(EBG8M<BA8!(
,8AF<BA87<4?<@8AG4M<BA8E8DH8AM4
9<AB4.N M
9<AB4.N
M
.8E<9<64E86;8?49E8DH8AM48?4G8AF<BA87<E8G8F<4<7BA84
4??864E4GG8E<FG<6;88?8GGE<6;8<A7<64G8<AG4E:;8GG4
!74G<8?8GGE<6<E<CBEG4G<<AG4E:;8GG4F<E<98E<F6BAB4??4CBG8AM4
AB@<A4?878?@BGBE8
(BG8AM4AB@<A4?8@BGBE8
!% @<A 9<AB4>/
!% @<A 9<AB4>/
(E8FF<BA8FBABE4 7@4K
II<4@8AG<BE4 @4K
(E8FF<BA89<A4?8@4FF<@44@@8FF4A8? 6BECBCB@C4
@54E
(E8FF<BA8@4FF<@4<A4FC<E4M<BA8(&(4 @4K(4
:/62;A26;0B6C62;2=<@6G6<;.A.9.=<:=.
?8GGEBCB@C8CE8I<FG8C8E?HB:;<48E4G<8CEBG8GG<74??8
<AG8@C8E<86BAG8@C8E4GHE4@4FF<@44@5<8AG87<i
&(%--
!<?:20<:=<?A.:2;A.9642;2?6052
(E<@4 7< HG<?<MM4E8 <? CEB7BGGB \ A868FF4E<B
6BABF68E8 GHGG8 ?8 <A7<64M<BA< E<:H4E74AG< ?4
F<6HE8MM4
+< 78I8 ?8::8E8 4GG8AG4@8AG8 8 F8:H<E8 GHGG8 ?8
<FGEHM<BA<G86A<6;87<9HAM<BA4@8AGB8?8<A7<64M<BA<
DH<6BAG8AHG8C8E<7<998E8AG<C4FF4::<74?GE4FCBEGB
4??BF@4?G<@8AGB9<A4?8
!G86A<6<FC86<4?<MM4G<FBABG8AHG<4?E<FC8GGB78<
E8:B?4@8AG<E8:B?4@8AG4M<BA<ABE@88?8::<78?
C48F8<A6H<?4CB@C4\I8A7HG4
$w4CC4E866;<B\6BA9BE@84??8I<:8AG<ABE@87<
F<6HE8MM4
$wHFB<@CEBCE<BCHc6B@HADH8CEBIB64E874AA<
4C8EFBA86BF8B4A<@4?<
!?9455E<64AG8786?<A4B:A<E8FCBAF45<?<GU<A64FB
7<G4?<74AA<B74HFB<A6BA7<M<BA<7<I8EF874
DH8??8<A7<64G8<AG4E:48A8??8CE8F8AG<<FGEHM<BA<
*<FC8GG4E8 ?4 6478AM4 78:?< <AG8EI8AG< 7<
@4AHG8AM<BA8 8 ?4 G8@C8FG<I4 FBFG<GHM<BA8 78<
C8MM< 74AA8::<4G< B HFHE4G< C8E@8GG8
4??w4CC4E866;<B7<?4IBE4E8F8@CE8A8??8@<:?<BE<
6BA7<M<BA<-F4E8 FB?B 87 8F6?HF<I4@8AG8 C8MM<
i
i
i
!,
&*&* *8I!FGEHM<BA<BE<:<A4?< (4:<A4
XXXXXXX
IE2-87
XXXXXXXX
H max/min
XX
/
XX
m
2900/min
XXXXXX
IEC 60034-1
XX
kW (
XX
Hp)
Q min/max
XX
/
XX
m3/h
0705158995
IP
XX
n 2900/min
400∆/690Y V3~50Hz
%
100
75
50
cosϕ
0,84
0,78
0,67
η
87,5
88,1
87,4
V
400
400
400
XX
/
XX
A
S1 l.cl. F
XX
kg
XX kW (XX Hp)
1
11
2
8
3
4
4
5
6
7
8
9
10
12
13
19
20
14
15
16
17
18
Montorso (VI) Italy IT 00142630243
Made in Italy
Montorso (VI) Italy IT 00142630243
Made in Italy
,<CB
(BEG4G4
(E8I4?8AM4
(BG8AM4AB@<A4?8
.BG4::<B
E8DH8AM4
BEE8AG8
.8?B6<GUAB@<A4?8
,<CB7<F8EI<M<B
?4FF8<FB?
8EG<9<64M<BA<
%4GE<6B?4
(8FB
I8AGH4?<ABG8
.BG4::<B
64E<6B
6BFf
*8A7<@8AGB
(EBG8M<BA8
?4FF87<899<68AM4
Esempio targhetta motore
Esempio targhetta pompa
!+,&*3333%0+36BA:4??(4:<A4
(4:<A4 &*&* *8I!FGEHM<BA<BE<:<A4?<
!,
7<E<64@5<BBE<:<A4?<9BEA<G<74$(+CB
74HA7<FGE<5HGBE84HGBE<MM4GB
&BAE<@HBI8E8B4?G8E4E8?8 G4E:;84CCBFG874?
9455E<64AG8FH??w4CC4E866;<B
$w4CC4E866;<B ABA 78I8 8FF8E8 @8FFB <A
9HAM<BA8<A64FB7<7<98GG<BC4EG<74AA8::<4G8
$8BC8E4M<BA<7<@4AHG8AM<BA8BE7<A4E<48FGE4BE7<
A4E<46;8CE8I87BABHABF@BAG4::<B4A6;8C4E
M<4?878??w4CC4E866;<B78IBAB8FF8E88998GGH4G8
FB?B7BCB4I8E<AG8EEBGGB?w4?<@8AG4M<BA878??w4CC4
E866;<BFG8FFB
6@=<@6A6C616@60B?2GG.
$w4CC4E866;<B\6BFG<GH<GB74HA4F6B6648FG8EA46;8<@C87<
F686BAG4GG<6BA:?<BE:4A<<AG8EA<8:?<8?8@8AG<<AG8AF<BA8
%6@056?2@61B6
$w4CC4E866;<BC8ECEB:8GG4M<BA8878FG<A4M<BA87wHFB
E<FC8GGBHFBCE8I<FGB8ABE@87<F<6HE8MM4ABACE8F8AG4
E<F6;<E8F<7H<
&24;.92A60.16@60B?2GG.26;3<?:.G6<;2
(8EDH8FGBG<CB7<CEB7BGGBABA\CE8I<FG4F8:A4?8G<64FH?CEB
7BGGB
6@=<@6A6C616=?<A2G6<;26;16C61B.92#
&8??894F< 7< <AFG4??4M<BA84II<4@8AGB 8 @4AHG8AM<BA8F<
6BAF<:?<44:?<BC8E4GBE<4HGBE<MM4G<7<I4?HG4E8DH4?<F<4AB<
7<FCBF<G<I<<7BA8<4??4IBE<78F6E<GG<
&8??8BC8E4M<BA<7<@4AHG8AM<BA8BE7<A4E<48FGE4BE7<A4E<4
\CE8I<FGB?wHFB78<:H4AG<C8E?4CEBG8M<BA878??8@4A<
&24;.92 #<//964.A<?6
(*',2!'&$$%&!
:H4AG<C8E?4CEBG8M<BA874E<F6;<B6;<@<6BG8E
@<6B8@8664A<6B
(*',2!'&$!' !
B66;<4?<C8E?4CEBG8M<BA874 E<F6;<B 6;<@<6B
G8E@<6B85<B?B:<6B
'%&#"%'" ") !'-"!
!?CEB7BGGB\<@54??4GBC8E@4AG8A8E8<AG8:EB<?6BAG8AHGB
HE4AG8<? GE4FCBEGB 8I<G4E87<FBIE4CCBEE8 C8F< 8668FF<I<
FF<6HE4EF<6;87HE4AG8<?GE4FCBEGB?w<@54??BABAF<4?<58EB
7<@HBI8EF<
!@8MM<C8EGE4FCBEG4E8?w4CC4E866;<B<@54??4GB78IBAB
8FF8E8478:H4G<4??87<@8AF<BA<84<C8F<78?CEB7BGGBF68?
GBI87<64C7<@8AF<BA<7<<A:B@5EB
<C6:2;A.G6<;2
%BI<@8AG4E86BA6HE4?w<@54??B6;8ABA78I8FH5<E8HEG<
+<78I88I<G4E8 7< FBIE4CCBEE84:?<<@54??<4?GEB @4G8E<4?8
6;8CBGE855878G8E<BE4E8?4CB@C4
+8<? C8FB FHC8E4< #: ?w<@54??B78I88FF8E8 FB??8I4GB
747H8C8EFBA86BAG8@CBE4A84@8AG8I87<64Cu
7<@8AF<BA<7<<A:B@5EB
+B??8I4E8?8AG4@8AG8<?:EHCCBCB@C4@BGBE89<:8I<G4E8
BF6<??4M<BA<ABA6BAGEB??4G8C8E<6B?B7<E<54?G4@8AGB
!&'-"!
6:2;@6<;6166;4<:/?<
(8E?87<@8AF<BA<7<<A:B@5EB78??w4CC4E866;<BI87<4??8:4
GBu<@8AF<BA<7<<A:B@5EBv64Cu$$,!v
%2>B6@6A6.:/62;A.96216:2;@6<;61299B<4<16
6;@A.99.G6<;2
!?6?<8AG878I8CE87<FCBEE8<??HB:B7<<AFG4??4M<BA8<A@B7B
478:H4GB4??46BEE8GG4<AFG4??4M<BA88<A6B8E8AM44??88F<
:8AM86BFGEHGG<I878??4FG8FF44??466<4@8AG<8?8GGE<6B
866
$w4@5<8AG8<A6H<<AFG4??4E8?w4CC4E866;<B78I84I8E8<
E8DH<F<G<78?C4E4:E49B
y4FFB?HG4@8AG8I<8G4G4?w<AFG4??4M<BA88?4@8FF4<AF8EI<
M<B78??4@466;<A4<A4@5<8AG<6BA4G@BF98E4CBG8AM<4?
@8AG88FC?BF<I4
6@6:/.99.446<
.8E<9<64E8 6;8 ?w4CC4E866;<B ABA F<4 FG4GB
74AA8::<4GB7HE4AG8<?GE4FCBEGB
!?@4G8E<4?8 7w<@54??B HA4IB?G47<F<@54??4G4 ?4 @466;<A4
7BIEU8FF8E88?<@<A4GB8BE<HG<?<MM4GBF86BA7B?8ABE@8
I<:8AG<A8?(48F87<78FG<A4M<BA878??w4CC4E866;<B
+B??8I4E8?8AG4@8AG8<?:EHCCBCB@C4@BGBE8I87< 64C
u9<:8I<G4E8BF6<??4M<BA<ABA6BAGEB??4G8C8E<6B?B7<
E<54?G4@8AGB
;@A.99.G6<;2
$8CB@C8@BAB5?B66B!%!%!% !%
6BA@BGBE8@BAB94F8;4AAB?85B66;87<4FC<E4M<BA887<
@4A74G46BA?BFG8FFB7<4@8GEB87<FCBFG8FH??BFG8FFB4FF8
8F86HM<BA8u<A?<A8v
)H8FG8CB@C8CBFFBABDH<A7<8FF8E8<AF8E<G8<AHA4GH54
M<BA8E8GG<?<A846B@8HA4F4E46<A8F64
!AHA4GH54M<BA8FG45<?88E<:<74?4CB@C4CHc8FF8E8
FBFG8AHG47<E8GG4@8AG8GE4@<G8?89?4A:89<:
BAHA4GH54M<BA8ABAFH99<6<8AG8@8AG8FG45<?8?4
CB@C478I88FF8E8FBFG8AHG489<FF4G4GE4@<G8:?<4CC<
F<G<9BE<9<?8GG4G<CE87<FCBFG<FH?6BECBCB@C49<:
$8CB@C8!%!% u<A?<A8vCBFFBAB8FF8E89?4A:<4
G8A8??4GH54M<BA8<ADH4?F<4F<CBF<M<BA8
I<G4E8C8EE4:<BA<7<F<6HE8MM4?4CBF<M<BA86BA<? @BGBE8
FBGGB?4CB@C4
(8E?w<AFG4??4M<BA8<A HA4CBF<M<BA87<I8EF474 DH8??46BA
?w4FF878?EBGBE8I8EG<64?8 94E8 4GG8AM<BA86;8HA3<?<16
1?2;.446<2@0.?60<0<;12;@. E<FH?G<<A6BEE<FCBA78AM4
i
4.93.032.2
9<:
9<:
9<:
!+,&*3333%0+36BA:4??(4:<A4
78??4C4EG8C<g54FF478?@BGBE8
(E8I878E8FC4M<BC8E?4C2;A69.G6<;2129:<A<?2 C8E
<FC8M<BA< C8E 6BAGEB??4E8 ?4EBG4M<BA8 78??w4?58EB8 C8E <?
E<8@C<@8AGB8?BFIHBG4@8AGB78?6BECBCB@C4
'B/.G6<;6
(E<@47<6B??8:4E8?8GH54M<BA<4FF<6HE4EF<78??4?BEBCH?<M<4
<AG8EA4
''!-"!.;0<?.?292AB/.G6<;6@B=?<=?6@<@A24;6
20<9924.?926;:<1<052;<;A?.@:2AA.;<3<?G2A2;@6<
;62C6/?.G6<;6.99.=<:=.
!?7<4@8GEB<AG8EAB78??8GH54M<BA<7<C8A7874??4CBEG4G4
78F<78E4G4
(E8I878E8<?7<4@8GEB <A @B7B6;8?4I8?B6<GU 78? ?<DH<7B
ABAFHC8E<@FA8??w4FC<E4M<BA887<@FA8??4@4A74
G4!AB:A<64FB<?7<4@8GEB78??8GH54M<BA<ABA78I88FF8E8
<A98E<BE84?7<4@8GEB78??85B66;878??4CB@C4
'B/.G6<;2.@=6?.;A2
$4GH54M<BA84FC<E4AG878I88FF8E84C8E98GG4G8AHG4 8
78I84I8E8HA4A74@8AGB4F68A78AG8C8E8I<G4E8F466;8
7w4E<4
BA?4CB@C4@<=?.6996C299<1299d.0>B. 9HAM<BA4@8AGB
<A4FC<E4M<BA8<AF8E<E8HA4I4?IB?47<9BA7BBCCHE8 HA4
I4?IB?47<ABAE<GBEABFH??45B6647<4FC<E4M<BA8
BA?4CB@C4@<AA<6996C299<1d.0>B. 9HAM<BA4@8AGB
FBGGB54GG8AG8<AF8E<E8HA4F4E46<A8F64
'B/.G6<;216:.;1.A.
&8??4 GH54M<BA8 7<@4A74G4<AFG4??4E8HA4F4E46<A8F64C8E
E8:B?4E8CBEG4G48CE8I4?8AM4
!AFG4??4E8HA<A7<64GBE87<CE8FF<BA8@4AB@8GEB
)H4A7B<?7<F?<I8??B:8B78G<6B<A@4A74G4\@4::<BE87<
@GE4CB@C48F4E46<A8F64<AF8E<E8HA4I4?IB?47<E<G8:AB
C8ECEBG8::8E8?4CB@C474u6B?C<7w4E<8G8v
<9924.:2;A<292AA?60<
!?6B??8:4@8AGB8?8GGE<6B 78I88FF8E88F8:H<GB74HA
8?8GGE<6<FG4DH4?<9<64GB A8?E<FC8GGB78??8CE8F6E<M<BA<
?B64?<
&24B6?292;<?:216@60B?2GG.
@24B6?2690<9924.:2;A<.A2??.B??8:4E8<?6BA7HGGBE87<
CEBG8M<BA84?@BEF8GGB6BAGE4FF8:A4GB 6BA <? F<@5B?B
BA9EBAG4E8?49E8DH8AM48?4G8AF<BA87<E8G86BA<74G<7<
G4E:486B??8:4E8<6BA7HGGBE<7<4?<@8AG4M<BA84< @BEF8GG<
F86BA7B<? 6BEE<FCBA78AG8 F6;8@4E<CBEG4GB4??w<AG8EAB78?
6BC8E6;<B78??4F64GB?4@BEF8GG<
<;:<A<?6 16=<A2;G.`8*2C6A.?2 9d.CC6.:2;A<
16?2AA< #?2C212?2 B; >B.1?< 0<; .CC6.:2;A<
@A299.A?6.;4<9<<.9A?<16@=<@6A6C<16.CC6.:2;A<
''!-"! ;<; 3.?2 :.6 0.12?2 B;.
?<;1299. < .9A?2 =.?A6 :2A.996052 ;29 =.@@.446<
0.C6 6;A2?;< A?. @0.A<9. :<?@2AA6 2 @A.A<?2 +8
466478 F@BAG4E8 <? @BGBE88E86HC8E4E8?4C4EG8
647HG4
+8?4F64GB?4@BEF8GG<\@HA<G4 7<CE8FF464IBHF4E8HA
64IB7<4?<@8AG4M<BA89?8FF<5<?8G<CB *&6BAF8M<BA8
78?64IBC4E<BFHC8E<BE8464C,
+8?4F64GB?4@BEF8GG<\@HA<G47<4A8??B7<G8AHG48998GGH4E8
<?6B??8:4@8AGB4GGE4I8EFBGH5B
(8E ?wHFB <AHA4C<F6<A4FB?4@8AG8DH4A7B4??w<AG8EABABA
I<FBABC8EFBA8 I4F6;8 74:<4E7<ABBCBFG< F<@<?4E< A8?
6<E6H<GB7<4?<@8AG4M<BA878I88FF8E8<AFG4??4GBHA6;A2??BA
A<?216332?2;G6.92 6BAHA46BEE8AG8E8F<7H4!Δ&≤ @
!AFG4??4E8HA16@=<@6A6C<=2?9.<;;6=<9.?216@6;@2?G6<;2
1.99.?2A2 <AG8EEHGGBE8C8EF6B??8:4E8?4CB@C474??w4?<@8AG4
M<BA86BAHA47<FG4AM47<4C8EGHE478<6BAG4GG<7<4?@8AB
@@
BA 4?<@8AG4M<BA8 GE<94F8 <AFG4??4E8 HA 478:H4GBF4?I4@B
GBE86BA6HEI46B@8746BEE8AG87<G4E:4
$8292AA?<=<:=2:<;<3.@6!% !% FBAB9BE
A<G86BA6BA78AF4GBE86B??8:4GB4<@BEF8GG<8C8E
. M6BAG8E@BCEBG8GGBE8<AF8E<GB
B;G6<;.:2;A<0<;0<;C2?A6A<?2163?2>B2;G.
*8:B?4E8<?6BAI8EG<GBE8 7< 9E8DH8AM4 <A@B7BG4?874 ABA
FHC8E4E8<I4?BE<?<@<G87<@<A M@4K9& M
))" #"
<;A?<996=?6:.1299d.002;@6<;2
$w4CC4E866;<BABA78I8 8FF8E8 @8FFB<A9HAM<BA8<ACE8
F8AM47<C4EG<74AA8::<4G8
#?6:<.CC6.:2;A<
''!-"!2C6A.?2 .@@<9BA.:2;A2693B;G6<;.:2;A<.
@200< ;2.;052 =2?=?<C. II<4E8?4CB@C4FB?B7BCB
4I8E?4E<8@C<G46B@C?8G4@8AG8 7< ?<DH<7B
BA<?9HAM<BA4@8AGBFBGGB54GG8AG8E<8@C<E8?4CB@C4
4CE8A7B?8AG4@8AG886B@C?8G4@8AG8 ?4 F4E46<A8F64A8?
GH5B4FC<E4AG8G8A8A7B4C8EG4?4F4E46<A8F64<A@4A74G4
87<9BE<7<F9<4GBC8E94E8HF6<E8?4E<4
(8E?46<E6B?4M<BA87w46DH4<AHA6<E6H<GB6;<HFB4CE<E86B@
C?8G4@8AG88AGE4@58 ?8F4E46<A8F6;88F9<4G4E8?w4E<4
(E<@478??w4II<4@8AGB6BAGEB??4E86;8?w4?58EB:<E<4@4AB
99d.CC6.:2;A<0<;.96:2;A.G6<;2A?63.@2C2?6360.?26;8
69@2;@<16 ?<A.G6<;26BEE<FCBA744DH8??B <A7<64GB 74??4
9E866<4FH??4 CB@C4 <A64FB6BAGE4E<B GB:?<8E8 ?w4?<@8AG4
M<BA88?8GGE<648<AI8EG<E89E4?BEB<6B??8:4@8AG<7<7H894F<
BA<?9HAM<BA4@8AGB<A4FC<E4M<BA8CHc8FF8E8A868FF4E<B
4GG8A78E8DH4?6;8@<AHGB C8E BGG8A8E8 ?wHF6<G478??w46DH4
74??45B6647<@4A74G4
BAGEB??4E86;8?w8?8GGEBCB@C4?4IBE<A8?FHB64@CB7<CE8
FG4M<BA<86;8ABAI8A:4FHC8E4G4?46BEE8AG84FFBE5<G4
<A7<64G4<AG4E:4!A64FB6BAGE4E<BE8:B?4E8?4F4E46<A8F64
<A@4A74G4
!<;A<00.?26939B61<>B.;1<9.@B.A2:=2?.AB?.
S@B=2?6<?2.]
#2?60<9<16B@A6<;2.A.9.292C.A.A2:=2?.AB?.
12939B61<690<?=<=<:=.269:<A<?2=<@@<;<
?.446B;42?2A2:=2?.AB?2@B=2?6<?6.6]
!"!'"%92=.?A6@2;<;0<;16@=<@6A6C616
=?<A2G6<;2 61<;26 < .AA2;12?2 2 .@@60B?.?@6
1299d.CC2;BA<?.33?211.:2;A<
#?6:<.CC6.:2;A<!%!%
F8:H<E8?4 CEB687HE4FH 8AGE4@58?8 8?8GGEBCB@C864C
,8E@<A4G4?4CEB687HE47<4II<4@8AGBI8E<9<64E86;8
$4I4?IB?446?4C8G9HAM<BA<6BEE8GG4@8AG8
$w8?8GGEBCB@C4 <A F8EI<M<B 8 DH8??4 7< E<F8EI4 78IBAB
4?G8EA4EF< E8:B?4E@8AG8 C8E 4FF<6HE4E8 HA4 7<FGE<5HM<BA8
B@B:8A84 78??8 BE8 7< 9HAM<BA4@8AGB 8998GGH4E8
@4AH4?@8AG8 <? 64@5<B B <AFG4??4E8 HA E8:B?4GBE8
4HGB@4G<6B
!A 64FB 7< CB@C4::<B 7< 46DH4 64?74 F4A<G4E<4 ?8
8?8GGEBCB@C8 78IBAB 4?G8EA4EF< 4?@8AB HA4 IB?G4 4?
:<BEAB C8E 8I<G4E8 6;8 8I8AGH4?< 78CBF<G< BFGEH<F64AB
?w8?8GGEBCB@C47<E<F8EI4
OFF
OFF
!,
&*&* *8I!FGEHM<BA<BE<:<A4?< (4:<A4
!+,&*3333%0+36BA:4??(4:<A4
(4:<A4 &*&* *8I!FGEHM<BA<BE<:<A4?<
!,
&#! !'"
$w4CC4E866;<B78I88FF8E8FC8AGB<AB:A<64FB<A
6H< I< 9BFF8EB 4AB@4?<8 7< 9HAM<BA4@8AGB I87<
E<68E64:H4FG<
!?CEB7BGGB\CEB:8GG4GBC8EHA9HAM<BA4@8AGB6BAG<AHB?B
FC8:A<@8AGB4II<8A8FB?4@8AG8F6B??8:4A7B?w4?<@8AG4M<B
A8@87<4AG8<CE8I<FG<F<FG8@<7<F:4A6<BI87< C4Eu
B??8:4@8AGB8?8GGE<6Bv
!('!-"!
(E<@47< B:A< <AG8EI8AGB\B55?<:4GBE<B @8GG8E8 ?w4CC4E86
6;<B9HBE<F8EI<M<BF6B??8:4A7BB:A<9BAG87<8A8E:<4
+8A868FF4E<BE<IB?:8EF<478?8GGE<6<FG4BG86A<6B8FC8EGB
':A< BC8E4M<BA8 7< @4AHG8AM<BA8 CH?<M<4 B
E<C4E4M<BA88998GGH4G4 6BA ?w<@C<4AGB8?8GGE<6BFBGGB
G8AF<BA8 CHc 64HF4E8 :E4I< <A6<78AG< 4A6;8
@BEG4?<4??8C8EFBA8
+8 <? 64IB 7< 4?<@8AG4M<BA8 \ 74AA8::<4GB 8FFB
78I8 8FF8E8 FBFG<GH<GB 74? 6BFGEHGGBE8 B 74? FHB
F8EI<M<B 4FF<FG8AM4 G86A<64 B 6B@HADH8 74 HA4
C8EFBA4 6BA DH4?<9<64 F<@<?4E8 <A @B7B 74
CE8I8A<E8B:A<E<F6;<B
&8?64FB7<@4AHG8AM<BA<FGE4BE7<A4E<8B7<<AG8EI8AG<7<
@4AHG8AM<BA86;8A868FF<G4AB?BF@BAG4::<B7<C4EG<78?
?w4CC4E866;<B<?@4AHG8AGBE878I88FF8E8HAG86A<6BDH4?<9<
64GB<A:E47B7<?8::8E886B@CE8A78E8F6;8@<87<F8:A<
yBCCBEGHABG8A8E8HAE8:<FGEB7<GHGG<:?<<AG8EI8AG<8998GGH4G<
HE4AG8 ?4 @4AHG8AM<BA8 78I8 8FF8E8 CBFG4
C4EG<6B?4E84GG8AM<BA84?9<A87<8I<G4E8?w<AGEB7HM<BA8
B?w<@@<FF<BA8<A6<E6H<GB7<6BEC<8FGE4A8<4A6;87<
C<66B?8 7<@8AF<BA< 6;8 CBFF4AB 64HF4E8 HA
@4?9HAM<BA4@8AGB 8 6B@CEB@8GG8E8 ?4 F<6HE8MM4
78??w4CC4E866;<B
I<G4E8 7< 8F8:H<E8 DH4?F<4F< BC8E4M<BA8 4 @4A<
AH78 -G<?<MM4E8 < :H4AG< 4AG< G4:?<B 8 E8F<FG8AG<
4??w46DH4C8E?BF@BAG4::<B8?4CH?<M<478?9<?GEBB
<A4?GE<C4EG<6B?4E<7BI8F<E8A78FF8EBA868FF4E<
HE4AG8 ?8 BC8E4M<BA< 7< @4AHG8AM<BA8 ABA 78I8
8FF8E8CE8F8AG8C8EFBA4?88FGE4A8B
$8BC8E4M<BA<7<@4AHG8AM<BA8ABA78F6E<GG8<ADH8FGB
@4AH4?878IBAB8FF8E88F8:H<G8FB?4@8AG874C8EFBA4?8
FC86<4?<MM4GB<AI<4GB74??4$(+C
(8EH?G8E<BE8<A9BE@4M<BA<G86A<6;8E<:H4E74AG<?wHG<?<MMBB?4
@4AHG8AM<BA878??w4CC4E866;<B6BAG4GG4E8$(+C
.;BA2;G6<;2<?16;.?6.@20BG6<;2;<?:.92
(E<@4 7< B:A< <AG8EI8AGB 7< @4AHG8AM<BA8 GB:?<8E8
?w4?<@8AG4M<BA8 8?8GGE<64 8 4FF<6HE4EF< 6;8 ?4 CB@C4
ABA E<F6;< 7< 8FF8E8 @8FF4 FBGGB G8AF<BA8 C8E
<A4II8EG8AM4
#2?60<9<16B@A6<;2.A.9.292C.A.A2:=2?.AB?.
12939B61<690<?=<=<:=.269:<A<?2=<@@<;<
?.446B;42?2A2:=2?.AB?2@B=2?6<?6.6]
!"!'"%92=.?A6@2;<;0<;16@=<@6A6C616
=?<A2G6<;2 61<;26 < .AA2;12?2 2 .@@60B?.?@6
1299d.CC2;BA<?.33?211.:2;A<
$B.;1<9.=<:=.?6:.;26;.AA6C.12C22@@2?2@CB<A.A.
0<:=92A.:2;A2@22@6@A269=2?60<9<16429<
(E<@4 7< E<@8GG8E8 <A @4E6<4 ?4 CB@C46BAGEB??4E86;8?w4?
58EBABAF<45?B664GB74<A6EBFG4M<BA<B4?GE864HF88E<8@
C<E86B@C?8G4@8AG87<?<DH<7B<?6BECBCB@C4
.;BA2;G6<;2<?16;.?6.@20BG6<;6@=206.96
(E<@4 7< B:A< <AG8EI8AGB 7< @4AHG8AM<BA8 GB:?<8E8
?w4?<@8AG4M<BA8 8?8GGE<64 8 4FF<6HE4EF< 6;8 ?4 CB@C4
ABA E<F6;< 7< 8FF8E8 @8FF4 FBGGB G8AF<BA8 C8E
<A4II8EG8AM4
#2?60<9<16B@A6<;2.A.9.292C.A.A2:=2?.AB?.
12939B61<690<?=<=<:=.269:<A<?2=<@@<;<
?.446B;42?2A2:=2?.AB?2@B=2?6<?6.6]
!"!'"%92=.?A6@2;<;0<;16@=<@6A6C616
=?<A2G6<;2 61<;26 < .AA2;12?2 2 .@@60B?.?@6
1299d.CC2;BA<?.33?211.:2;A<
$B.;1<9.=<:=.?6:.;26;.AA6C.12C22@@2?2@CB<A.A.
0<:=92A.:2;A2@22@6@A269=2?60<9<16429<
(E<@4 7< E<@8GG8E8 <A @4E6<4 ?4 CB@C46BAGEB??4E86;8?w4?
58EBABAF<45?B664GB74<A6EBFG4M<BA<B4?GE864HF88E<8@
C<E86B@C?8G4@8AG87<?<DH<7B<?6BECBCB@C4
9.;42062052=2?:<1!%!%
&8?64FB<A6H<F<4A868FF4E<B8F8:H<E8?4@4AHG8AM<BA87<
HA4FB?48?8GGEBCB@C48•CBFF<5<?894E9HAM<BA4E8?w4?GE4
8?8GGEBCB@C4<AFG4??4A7BHA49?4A:<47<6;<HFHE4BCM<BA4
?8
&:<;A.4
46<1.99d6:=6.;A<
(E<@478??BF@BAG4::<B6;<H78E8?8F4E46<A8F6;8<A
4FC<E4M<BA88@4A74G4
&:<;A.446<1299.=<:=.
(E<@4 78??B F@BAG4::<B 6;<H78E8 ?8 F4E46<A8F6;8 <A
4FC<E4M<BA88@4A74G48FIHBG4E8<?6BECBCB@C4
(8E?BF@BAG4::<B87<?E<@BAG4::<BBFF8EI4E8?4
6BFGEHM<BA8FH?7<F8:AB<AF8M<BA8
$BF@BAG4::<B78?@BGBE88?w<FC8M<BA87<GHGG8?8C4EG<
<AG8EA8CBFFBAB8FF8E88F8:H<G<F8AM4E<@HBI8E8<?
6BECBCB@C474??4GH54M<BA8
,B:?<8A7B<747<F<8FGE48 <? @BGBE8 6B@C?8GB
6BA?4:<E4AG8
& ' !'"
<E8GG<I48HEBC84
-/
$478@B?<M<BA878??w4CC4E866;<B78I88FF8E8499<74G447
4M<8A78 FC86<4?<MM4G8 A8??4 EBGG4@4M<BA8 7< CEB7BGG<
@8G4??<6<C8E789<A<E84GG8AG4@8AG86B@8CEB6878E8
(8E?BF@4?G<@8AGB 78IBAB 8FF8E8F8:H<G8?87<FCBF<
M<BA<7<?8::8<AI<:BE8A8?(48F8<A6H<4II<8A8?B
F@4AG8??4@8AGBB?GE86;8DH4AGBCE8I<FGB74??8?8::<
<AG8EA4M<BA4?<C8E?4CEBG8M<BA84@5<8AG4?8
%
<1.96AO16?60562@A.126?60.:/6
&8??88I8AGH4?<E<6;<8FG87<C4EG<7<E<64@5<BCE86<F4E8<?
AH@8EB7<CBF<M<BA8A8?7<F8:AB<AF8M<BA887<74G<7<
G4E:4
$wBE7<A8CHc8FF8E8<AI<4GB4$(+CGE4@<G8
G8?89BAB94K8@4<?
BAE<F8EI47<@B7<9<6;8
OFF
OFF
OFF
OFF
i
i
ON
!+,&*3333%0+36BA:4??(4:<A4
(4:<A4 &*&* *8I!FGEHM<BA<BE<:<A4?<
!,
%%(&'
''!-"!GB:?<8E8?4G8AF<BA87<4?<@8AG4M<BA8CE<@47<8998GGH4E8DH4?F<4F<@4ABIE4
&BA94E:<E4E8CB@C48@BGBE84F866BA8@@8ABC8EHA5E8I8C8E<B7B
GG8A8EF<F6EHCB?BF4@8AG84??8ABFGE8<FGEHM<BA<C8E?wHFBF8A868FF4E<BE<IB?:8EF<47HA68AGEB4FF<FG8AM44HGBE<MM4GB
OFF
!"!)!!'
!?@BGBE8ABAF<
4II<4
(B@C45?B664G4
$4CB@C4
9HAM<BA4@4
ABA9BEA<F68
46DH4
(BEG4G4
<AFH99<6<8AG8
*H@BE88
I<5E4M<BA<78??4
CB@C4
(8E7<G474??4
G8AHG4
@8664A<64
#%"(&
4?<@8AG4M<BA88?8GGE<64ABA<7BA84
5B??8:4@8AG<8?8GGE<6<ABA6BEE8GG<
6!AG8EI8AGB78?7<FCBF<G<IB7<CEBG8M<BA8
78?@BGBE8
7HF<5<?<5EH6<4G<B7<98GGBF<
8?58EB5?B664GB
9%BGBE8<A4I4E<4
4(EB?HA:4G<C8E<B7<7<<A4GG<I<GU
5!A:E8FFB7<6BEC<FB?<7<A8??4:<E4AG8
6HF6<A8GG<5?B664G<
4(E8F8AM4 7< 4E<4 A8??4 CB@C4 B A8??4
GH54M<BA84FC<E4AG8
5(BFF<5<?8<A:E8FFB7<4E<4
6.4?IB?4 7< 9BA7B BGGHE4G4 B GH5B 7<
4FC<E4M<BA8ABA<@@8EFBA8??<DH<7B
7<?GEB<A4FC<E4M<BA8BGGHE4GB
8.4?IB?446?4C8G74AA8::<4G4HFHE4G4B
7<98GGBF4@B7&*&*
4
,H54M<BA<874668FFBE<6BA7<4@8GEBGEBCCB
C<66B?B
5
(E8F8AM47<78CBF<G<B6BEC<FB?<7<A8??4:<E4AG8
6<E4AG878G8E<BE4G4
7
*4F4@8AG<7<:<E4AG886BECBCB@C4HFHE4G<
84F7<F6<B?G<A8??w46DH4
9.<F6BF<GU8668FF<I478??<DH<7BCB@C4GB
:+8AFB7<EBG4M<BA88EE4GB
;.4?IB?446?4C8G74AA8::<4G4HFHE4G4B
7<98GGBF4@B7&*&*
4HF6<A8GG<HFHE4G<
5?<@8AG4M<BA88?8GGE<64FDH<?<5E4G4
4$4 G8AHG4 @8664A<64 ;4 9HAM<BA4GB 4
F866BBF<\<A6B??4G4
5,8AHG4@8664A<64E<:4G4C8E?4CE8F8AM4
7<C4EG<45E4F<I8A8??<DH<7BCB@C4GB
6,8AHG4@8664A<64ABA<7BA844?G<CB7<
<@C<8:B
7$8::8EB:B66<B?4@8AGB<A<M<4?87HE4AG8<?
E<8@C<@8AGBB4?CE<@B4II<4@8AGB
#"&&%
4.8E<9<64E86;8?49E8DH8AM48?4G8AF<BA87<E8G8F<4<7BA84
5B??8:4E86BEE8GG4@8AG8<?64IB7<4?<@8AG4M<BA8
.8E<9<64E8?4G4E4GHE478??4CEBG8M<BA8G8E@<64
6BAGEB??4E8?w4?<@8AG4M<BA88?8GGE<64
668EG4EF<6;8?w4?58EB78??4CB@C4:<E<?<58E4@8AG8
.8E<9<64E8?4G4E4GHE478??4CEBG8M<BA8G8E@<64
7+BFG<GH<E8<9HF<5<?<I8E<9<64E8DH4AGBE<CBEG4GB<A486
8.878E8u(B@C45?B664G4v
9*<C4E4E8BFBFG<GH<E8<?@BGBE8
4
+5?B664E8?4CB@C44:8A7BFH??w<AG4:?<BE<64I4GBA8??4C4EG8CBFG8E<BE8
78??w4?58EB
5*<@HBI8E8<6BEC<FB?<7<4??w<AG8EAB78??4:<E4AG8
6+BFG<GH<E8<6HF6<A8GG<
4+9<4G4E8?w4E<474??4CB@C48BBC8E4E8FH??4I4?IB?47<
E8:B?4M<BA8<A@4A74G4
5.8E<9<64E8 <? C4EG<6B?4E8 ABA 4 G8AHG4 8 F<:<??4E8 ?4
6BAA8FF<BA8
6(H?<E8BFBFG<GH<E8?4I4?IB?47<9BA7B8<@C<8:4E8HAGH5B7<
4FC<E4M<BA8<7BA8B
7
(H?<E8<?9<?GEBF8A868FF4E<BFBFG<GH<E?B.878E84A6;8CHAGB5
8+BFG<GH<E8?4I4?IB?446?4C8G
4-F4E8GH5<84668FFBE<<7BA8<4??w<@C<8:B
5(H?<E8?4:<E4AG887<AFG4??4E8HA9<?GEB<A4FC<E4M<BA8
6+BFG<GH<E8?4:<E4AG8
7+BFG<GH<E8?4:<E4AG88<?6BECBCB@C4
8
BA7HEE878??8@4ABIE87<4C8EGHE486;<HFHE478??4F4E46<A8F64
<A@4A74G4
9$4CB@C4ABA\<7BA84
:!AI8EG<E8<6B??8:4@8AG<8?8GGE<6<A8??4@BEF8GG<8E4
;+BFG<GH<E8?4I4?IB?446?4C8G
4+BFG<GH<E8<6HF6<A8GG<
5.8E<9<64E86;8?4G8AF<BA87<E8G8F<4<7BA84
&8<64F<4586FBFG<GH<E8?4G8AHG4
4668EG4EF<6;8<?6BECBCB@C4F<4E<8@C<GB7<?<DH<7B86;8
GHGG4?w4E<4F<4FG4G48I46H4G4
5!AFG4??4E8HA9<?GEB <A 4FC<E4M<BA88<@C<8:4E8HA4G8AHG4
474GG44??864E4GG8E<FG<6;878??<DH<7B74CB@C4E8
6+68:?<8E8HA4G8AHG4<7BA844?G<CB7<<@C<8:B
7FC8GG4E8 6;8 ?4 G8AHG4 F< 4FF8FG< 6BA ?4 EBG4M<BA8
78??w4?58EB+8<?CEB5?8@4C8EF<FG8I878E8<CHAG<45B
6
!+,&*3333%0+36BA:4??(4:<A4
(4:8 &*&* *8I'C8E4G<A:!AFGEH6G<BAF
&
THIS INSTRUCTION MANUAL IS THE PROPERTY
OF CALPEDA S.P.A. ANY REPRODUCTION, EVEN
IF PARTIAL, IS FORBIDDEN
&( %,
8A8E4?<A9BE@4G<BA
, &!$+*!(,!'&
, &!$,-*+
+,1
,*&+('*,,!'&& &$!&
!&+,$$,!'&
+,*,-(&'(*,!'&
%!&,&&
!+('+$
+(*(*,+
,*'-$+ '',!&
&&0+
<@8AF<BAF4A7J8<:;GF
8F<:A4G<BAB9C4EGF
+86G<BA
BCLB9G;8786?4E4G<BAB96BA9BE@<GL
!%!"% '"!
89BE8HF<A:G;8CEB7H6G64E89H??LE847 G;8 <A9BE@4
G<BA6BAG4<A87<AG;<F<AFGEH6G<BA@4AH4?G;8@4AH4?
F;BH?758>8CG9BE9HGHE8E898E8A68
!G4?<4A<FG;8BE<:<A4??4A:H4:8B9G;<F<AFGEH6G<BA
@4AH4?G;<F?4A:H4:8 <F G;8E898E8A68?4A:H4:8<A
64F8B97<F6E8C4A6<8F<AG;8GE4AF?4G<BAF
,;<F@4AH4?<FC4EG B9 G;8 8FF8AG<4?F498GLE8DH<E8
@8AG4A7@HFG58E8G4<A87HAG<?G;8CEB7H6G<F9<A4??L
786B@@<FF<BA87
,;86HFGB@8E<A64F8B9?BFF64AE8DH8FG46BCLB9
G;8@4AH4?5L6BAG46G<A:4?C874+CBEG;8<E
4:8AGFC86<9L<A:G;8GLC8B9CEB7H6G74G4F;BJABA
G;8?458?B9G;8@46;<A8F88%4E><A:
AL6;4A:8F4?G8E4G<BAFBE@B7<9<64G<BAF@478GB
G;8CEB7H6GBEC4EGB9<GABG4HG;BE<M875LG;8@4AH
946GHE8EJ<??E8IB>8G;8786?4E4G<BA4A7J4E
E4AGL
,;<F4CC?<4A68F;BH?7ABG58BC8E4G87
5L6;<?7E8ALBHA:8EG;4AL84EFC8B
C?8J<G;E87H687C;LF<64?F8AFBELBE
@8AG4?64C46<G<8FBE<A8KC8E<8A687
C8BC?8J;B4E8ABG94@<?<4EJ<G;G;8
CEB7H6GHA?8FFG;8L4E8:<I8A6?BF8
FHC8EI<F<BABE<AFGEH6G<BAFBA;BJGB
HF8<GF498?L4A74E8@4784J4E85L4
E8FCBAF<5?8C8EFBAB9G;874A:8EF<GF
HF8@<:;G8AG4<?
;<?7E8A @HFG ABG C?4L J<G; G;8
4CC?<4A68
!G<FG;8HF8EFE8FCBAF<5<?<GLGB6?84A
4A7@4<AG4<AG;84CC?<4A68;<?7E8A
F;BH?7A8I8E6?84ABE@4<AG4<A<G
HA?8FFG;8L4E8:<I8AFHC8EI<F<BA
BABGHF8<ACBA7FG4A>FBEFJ<@
@<A:CBB?FBEJ;8E8C8BC?8@4L8AG8E
BE6B@8<AGB6BAG46GJ<G;G;8J4G8E
*84764E89H??LG;8<AFG4??4G<BAF86G<BA
J;<6;F8GF9BEG;
,;8@4K<@H@C8E@<FF<5?8FGEH6GHE4?
JBE><A:CE8FFHE86;4CG8E
,;8GLC84A7F86G<BAB9G;8CBJ8E
645?86;4CG8E
,;8GLC8B98?86GE<64?CEBG86G<BAGB58
<AFG4??876;4CG8E
&F:/<9@
,B<@CEBI8G;8HA78EFG4A7<A:B9G;8@4AH4?58?BJ4E8
<A7<64G87G;8FL@5B?FHF87J<G;G;8E8?4G87@84A<A:
!A9BE@4G<BA4A7J4EA<A:FG;4G@HFG58B5F8EI87
BG;8EJ<F8G;8E8<F4E<F>G;4GG;8@46;<A86BH?7
74@4:8BE6B@CEB@<F8C8EFBAA8?F498GL
,;894<?HE8GBB5F8EI88?86GE<64?<A9BE@4G<BA4A7
J4EA<A:F 6BH?7 74@4:8 G;8 @46;<A8 BE
6B@CEB@<F8C8EFBAA8?F498GL
&BG8F 4A7 J4EA<A:F 9BE G;8 6BEE86G
@4A4:8@8AGB9G;8@46;<A84A7<GFC4EGF
'C8E4G<BAFG;4G6BH?758C8E9BE@875LG;89<A4?
HF8E9G8E64E89H??LE847<A:B9G;8<AFGEH6G<BAF
<F E8FCBAF<5?8 9BE @4<AG8A4A68 HA78E ABE@4?
6BA7<G<BAF ,;8L 4E8 4HG;BE<M87 GB 49986G
FG4A74E7@4<AG8A4A68BC8E4G<BAF
'C8E4G<BAFG;4G@HFG58C8E9BE@875L4DH4?<9<87
8?86GE<6<4A +C86<4?<M87 G86;A<6<4A 4HG;BE<F87 GB
49986G 4?? 8?86GE<64? BC8E4G<BAF <A6?H7<A:
@4<AG8A4A68,;8L4E845?8GBBC8E4G8J<G;<AG;8
CE8F8A68B9;<:;IB?G4:8F
'C8E4G<BAF G;4G @HFG 58 7BA8 C8E9BE@87 5L 4
DH4?<9<87 G86;A<6<4A +C86<4?<M87 G86;A<6<4A 45?8 GB
<AFG4??G;878I<68HA78EABE@4?6BA7<G<BAFJBE><A:
7HE<A: @4<AG8A4A68 4A7 4??BJ87 GB 7B 8?86GE<64?
4A7@86;4A<64?<AG8EI8AG<BAF9BE@4<AG8A4A68,;8L
@HFG5864C45?8B98K86HG<A:F<@C?88?86GE<64?4A7
@86;4A<64?BC8E4G<BAFE8?4G87GBG;8@4<AG8A4A68B9
G;878I<68
!A7<64G8FG;4G<G<F@4A74GBELGBHF8<A7<I<7H4?
CEBG86G<BA78I<68F;4A7CEBG86G<BA
!A7<64G8FG;4G<G<F@4A74GBELGBHF8<A7<I<7H4?
CEBG86G<BA78I<68F8L8CEBG86G<BA
'C8E4G<BAFG;4G@HFG587BA8J<G;G;878I<68
FJ<G6;87B994A77<F6BAA86G879EB@G;8CBJ8E
FHCC?L
'C8E4G<BAFG;4G@HFG587BA8J<G;G;878I<68
FJ<G6;87BA
.;B3.0AB?2?;.:2.;1.11?2@@
%4AH946GHE8EA4@84?C874+C
77E8FF.<4*B::<47<%8MMB
%BAGBEFB.<68AG<AB.<68AM4!G4?<4
JJJ64?C874<G
BA5<?6G21<=2?.A<?@
,;8CEB7H6G<F<AG8A7879BEHF85L8KC8EGBC8E4GBEF
7<I<787<AGB8A7HF8EF 4A7 FC86<4?<M87G86;A<6<4AF
F88G;8FL@5B?F45BI8
i
OFF
ON
!+,&*3333%0+36BA:4??(4:<A4
(4:8 &*&* *8I'C8E4G<A:!AFGEH6G<BAF
&
!GF 9BE5<778A 9BE G;8 8A7 HF8E 64EEL BHG
BC8E4G<BAF J;<6; @HFG 58 7BA8 BA?L 5L
FC86<4?<M87 G86;A<6<4AF ,;8 @4AH946GHE8E
786?<A8F4AL?<45<?<GL9BE74@4:8E8?4G87GBG;8
ABA6B@C?<4A68B9G;<FJ4EA<A:
*.??.;AF
BEG;8 CEB7H6G J4EE4AGLE898EGB G;8 :8A8E4?G8E@F
4A76BA7<G<BAFB9F4?8
,;8J4EE4AGL6BI8EFBA?LG;8E8C?468@8AG4A7
G;8E8C4<EB9G;878986G<I8C4EGFB9G;8:BB7F
E86B:A<M875LG;8@4AH946GHE8E
,;8/4EE4AGLJ<??ABG586BAF<78E87<AG;89B??BJ<A:
64F8F
/;8A8I8EG;8HF8B9G;878I<687B8FABG6BA9BE@
GBG;8<AFGEH6G<BAF4A7<A9BE@4G<BA78F6E<587<AG;<F
@4AH4?
!A64F8B96;4A:8FBEI4E<4G<BAF@478J<G;BHG
4HG;BE<M4G<BAB9G;8@4AH946GHE8E
!A64F8B9G86;A<64?<AG8EI8AG<BAF8K86HG875L4
ABA4HG;BE<M87C8EFBAA8?
!A64F8B994<?<A:GB64EELBHG478DH4G8@4<AG8A4A
68
'205;60.9.@@6@A.;02
AL9HEG;8E<A9BE@4G<BA45BHGG;87B6H@8AG4G<BA
G86;A<64?4FF<FG4A684A7FC4E8C4EGFF;4??58E8DH8
FG879EB@4?C874+CC4E4:E4C;
'!&%#'"!
(H@C64F<A:J<G;FH6G<BA4A778?<I8EL6BAA86G<BAFJ<G;
G;8F4@87<4@8G8E4A7BAG;8F4@84K<F<A?<A8
&*&*?BF86BHC?87F<A:?8<@C8??8E68AGE<9H:4?
CH@CF8?86GE<6@BGBEJ<G;8KG8A787F;49G7<E86G?L6BA
A86G87GBG;8CH@C
&*&*?BF86BHC?877BH5?8IB?HG89?4CI4?I8
68AGE<9H:4?CH@CF8?86GE<6@BGBEJ<G; 8KG8A787F;49G
7<E86G?L6BAA86G87GBG;8CH@C
;A2;121B@2
&A.;1.?10<;@A?B0A6<;
BE6?84A?<DH<7FJ<G;BHG45E4F<I8F J;<6; 4E8 ABA
4::E8FF<I89BEG;8CH@C@4G8E<4?F6BAG8AGFB9FB?<7F
HCGB
$<DH<7G8@C8E4GHE89EB@iGBi
&=206.9 0<;@A?B0A6<;
BE6?84A?<DH<7FJ<G;BHG45E4F<I8FJ;<6; 4E8 ABA
4::E8FF<I89BEG;8CH@C@4G8E<4?F6BAG8AGFB9FB?<7F
HCGBJ<G;G;89B??BJ<A:6;4E46G8E<FG<6F
BB?<A:@<KGHE8FJ<G;G8@C8E4GHE8F9EB@GBi
/4G8EJ<G;G8@C8E4GHE8F9EB@iGBi
'<?J<G;G8@C8E4GHE8HCGBi4A7BE@4K<@H@
I<F6BF<GLB96+G
:=?<=2?B@2
,;878I<68<F78F<:A874A75H<?GBA?L9BEG;8CHECBF8
78F6E<587<AC4E4:E4C;
!@CEBC8EHF8B9G;878I<68<F9BE5<778A4F<F
HF8 HA78E 6BA7<G<BAF BG;8E G;4A G;BF8
<A7<64G87<AG;8F8<AFGEH6G<BAF
!@CEBC8EHF8B9G;8CEB7H6GE87H68FG;8F498GL4A7
G;8899<6<8A6LB9G;878I<684?C874F;4??ABG58
E8FCBAF<5?89BE94<?HE8BE466<78AG7H8GB<@CEBC8E
HF8
.?86;4
,;89B??BJ<A:C<6GHE8<F46BCLB9G;8A4@8C?4G8G;4G
<FBAG;88KG8EA4?64F8B9G;8CH@C
'!'(%&
'205;60.91.A.
<@8AF<BAF4A7J8<:;GC4E4:E4C;
&B@<A4?FC887EC@
(EBG86G<BA!(
+HCC?LIB?G4:8E8DH8A6L
HCGB.N M
HCGB.N M
;86>G;4GG;8@4<AF9E8DH8A6L4A7IB?G4:86BEE8
FCBA7GBG;88?86GE<64?6;4E46G8E<FG<6FF;BJABAG;8<A7<
64GBEC?4G8
,;88?86GE<674G4@4E>87BAG;8?458?4E8E898EE87GB
G;8AB@<A4?CBJ8EB9G;8@BGBE
*4G87@BGBECBJ8E
&*@<A HCGB>/
&*@<A HCGB>/
+BHA7CE8FFHE87 @4K
+G4EGFC8E;BHE @4K
%4K<@H@C8E@<FF<5?8JBE><A:CE8FFHE8HCGB@54E
%4K<@H@FH6G<BACE8FFHE8(&(4 @4K(4
"=2?.A6;40<;16A6<;@
!AFG4??4G<BA<A J8?? I8AG<?4G87?B64G<BA CEBG86G87 9EB@
G;8J84G;8EJ<G;4@4K<@H@4@5<8AGG8@C8E4GHE8B9
i
&',
2;2?.9=?<C6@6<;@
89BE8 HF<A: G;8 CEB7H6G <G <F A868FF4EL GB
>ABJ4??G;8F498GL<A7<64G<BAF
4E89H??L E847 4?? BC8E4G<A: <AFGEH6G<BAF 4A7
G;8<A7<64G<BAF789<A879BEG;87<998E8AGFG8CF
9EB@GE4AFCBEG4G<BAGB7<FCBF4?
,;8FC86<4?<M87G86;A<6<4AF@HFG64E89H??L6B@C?L
J<G; 4?? 4CC?<645?8 FG4A74E7F 4A7 ?4JF <A6?H7<A:
?B64?E8:H?4G<BAFB9G;86BHAGELJ;8E8G;8CH@C<F
FB?7
,;8 78I<68 ;4F 588A 5H<?G <A 6BA9BE@<GL J<G;
G;8 6HEE8AG F498GL ?4JF ,;8 <@CEBC8E HF8
6BH?774@4:8C8BC?84A<@4?F4A7B5=86GF
,;8@4AH946GHE8E786?<A8F4AL?<45<?<GL<AG;8
8I8AGB974@4:87H8GB<@CEBC8EHF8BEHF8
HA78E6BA7<G<BAFBG;8EG;4AG;BF8<A7<64G87BA
G;8A4@8C?4G84A7<AG;8F8<AFGEH6G<BAF
B??BJ G;8 EBHG<A8 @4<AG8A4A68 F6;87H?8F
4A7G;8CEB@CG?LE8C?46874@4:87C4EGFG;<F
J<?? 4??BJF G;8 78I<68 GB JBE> <A G;8 58FG
6BA7<G<BAF
i
i
i
XXXXXXX
IE2-87
XXXXXXXX
H max/min
XX
/
XX
m
2900/min
XXXXXX
IEC 60034-1
XX
kW (
XX
Hp)
Q min/max
XX
/
XX
m3/h
0705158995
IP
XX
n 2900/min
400∆/690Y V3~50Hz
%
100
75
50
cosϕ
0,84
0,78
0,67
η
87,5
88,1
87,4
V
400
400
400
XX
/
XX
A
S1 l.cl. F
XX
kg
XX kW (XX Hp)
1
11
2
8
3
4
4
5
6
7
8
9
10
12
13
19
20
14
15
16
17
18
Montorso (VI) Italy IT 00142630243
Made in Italy
Montorso (VI) Italy IT 00142630243
Made in Italy
,LC8
8?<I8EL
847
*4G87CBJ8E
+HCC?LIB?G4:8
E[DH8A68
&B@@BGBE6HEE8AG
*BG4G<BAFC887EC@
'C8E4G<BAHGL
!AFH?6?4FF
8EG<9<64G<BAF
+8E<4?AH@58E
/8<:;G
&BG8F
.B?G4:8
$B47
(BJ8E946GBE
99<6<8A6L
(EBG86G<BA
99<6<8A6L?4FF
Example plate motor
Example plate pump
!+,&*3333%0+36BA:4??(4:<A4
(4:8 &*&* *8I'C8E4G<A:!AFGEH6G<BAF
&
-F8 BA?L BE<:<A4? FC4E8 C4EGF CEBI<787 9EB@
4?C874+CBE9EB@4A4HG;BE<M877<FGE<5HGBE
BAGE8@BI8BE6;4A:8G;8?458?FC?4687BA
G;878I<68
B ABG FG4EG G;8 78I<68 <A 64F8 B9 78986GF BE
74@4:87C4EGF
%4<AG8A4A68 BC8E4G<BAF E8DH<E<A: 9H?? BE
C4EG<4? 7<F4FF8@5?L B9 G;8 78I<68 @HFG 58
7BA8BA?L49G8E7<F6BAA86G<BA9EB@G;8FHCC?L
&.32AF12C602@
,;878I<68;4F 4A 8KG8EA4?64F8G;4GCE8I8AGF4AL
6BAG46GJ<G;<AG8EA4?C4EGF
%[email protected]?6@8@
,;84CC?<4A68 78F<:A87 9BEHF8J;8A HF87 <A?<A8
J<G;G;8 78F<:A 4A7F498GLEH?8F 7B8FAG ;4I8E8F<
7H4?E<F>F
;3<?:.A6<;.;1&.32AF@64;.9@
BEG;<F><A7B9CEB7H6GG;8E8J<??ABG584ALF<:A4?F
BAG;8CEB7H6G
;16C61B.9=?<A20A6<;12C602@
HE<A: <AFG4??4G<BA FG4EG<A: 4A7 @4<AG8A4A68 <G <F
FH::8FG87GBG;84HG;BE<M87BC8E4GBEFGB6BAF<78EG;8
HF8 B9 <A7<I<7H4? CEBG86G<BA 78I<68F FH<G45?8 9BE
78F6E<58746G<I<G<8F
HE<A:BE7<A4EL4A78KGE4BE7<A4EL@4<AG8A4A68<AG8E
I8AG<BAFF498GL:?BI8F4E8E8DH<E87
&64;.9 6;16C61B.9=?<A20A6<;12C602
&(*',,!'&
:?BI8F9BECEBG86G<BA4:4<AFG6;8@<64?G;8E
@4?4A7@86;4A<64?E<F>F
1(*',,!'&
:?4FF8F9BECEBG86G<BA9EB@ 6;8@<64? G;8E
@4?4A75<B?B:<64?E<F>F
'%!&#"%''"!!!!
,;8CEB7H6G<FC46>87GB@4<AG4<AG;86BAG8AG<AG46G
HE<A:GE4AFCBEG4G<BA4IB<7GB FG46> 8K68FF<I8J8<
:;GF
AFHE8G;4G7HE<A:G;8GE4AFCBEG4G<BAG;8C46>87
64AABG@BI8
,;8GE4AFCBEGI8;<6?8F@HFG 6B@C?L 9BE G;8J8<:;G
4A77<@8AF<BAFJ<G;G;86;BF8ACEB7H6GF88C4E4
:E4C;7<@8AF<BAF4A7J8<:;GF
.;196;4
4A7?8J<G;64E8G;8C46>4:8F@HFGABGE868<I8
<@C46GF
IB<7GB<@C46GBAGBG;8C46>4:8@4G8E<4?FG;4G
6BH?774@4:8G;8CH@C
!9G;8J8<:;G8K6887F#:G;8C46>4:8@HFG58
;4A7?875LGJBC8EFBA4GG;8F4@8G<@8F88C4E4
:E4C;7<@8AF<BAF4A7J8<:;GF
*4<F8G;8CH@C@BGBEHA<GF?BJ?L9<:@4><A:FHE8
<G7B8FABG@BI89EB@F<78GBF<78<A4AHA6BAGEB??87
J4LGB4IB<7G;8E<F>B9<@54?4A684A7G<CC<A:HC
!&''"!
6:2;@6<;@
BEG;87<@8AF<BAFB9G;878I<68E898EGBG;84AA8K
<@8AF<BAFC4E4:E4C;AA8K8F
:/62;A?2>B6?2:2;A@.;16;@A.99.A6<;@6A2
16:2;@6<;@
,;8 6HFGB@8E ;4F GB CE8C4E8 G;8 <AFG4??4G<BA F<G8 <A
BE78EGB:H4E4AG88G;8E<:;G<AFG4??4G<BA4A7<ABE78EGB
9H?9<?? G;8 78I<68 E8DH<E8@8AGF 8?86GE<64? FHCC?L
8G6
,;8C?468J;8E8G;878I<68J<??58<AFG4??87@HFG9H?9<??
G;8E8DH<E8@8AGF<AG;8C4E4:E4C;
!GF5FB?HG8?L9BE5<778AGB<AFG4??G;8@46;<A8<A4A
8AI<EBA@8AGJ<G;CBG8AG<4??L8KC?BF<I84G@BFC;8E8
(;=.086;4
!AFC86G G;8 78I<68 <A BE78E GB 6;86> 4AL
74@4:8F J;<6; @4L ;4I8 B66HEE87 7HE<A:
GE4AFCBEG4G<BA
(46>4:8 @4G8E<4? BA68 E8@BI87 @HFG 58
7<F64E787E86L6?87466BE7<A:GB?B64??4JFB9G;878FG<
A4G<BA6BHAGEL
*4<F8G;8CH@C@BGBEHA<GF?BJ?LF88C4E4:E4C;
9<:@4><A:FHE8<G7B8FABG@BI89EB@F<78GB
F<78<A4AHA6BAGEB??87J4LGB4IB<7G;8E<F>B9<@54
?4A684A7G<CC<A:HC
;@A.99.A6<;
,;8 !%!% !% !% J<G;F<A:?8
C;4F8@BGBE6?BF86BHC?87CH@CF;4I8FH6G<BA4A7
78?<I8EL6BAA86G<BAFJ<G;G;8F4@87<4@8G8E4A7BA
G;8F4@84K<F<A?<A8FBG;4GG;8G@4L58<AF8EG87
<AGB4FGE4<:;GC<C8?<>84:4G8I4?I8
!AGBFG45?84A7E<:<7C<C8?<A8FG;8CH@C64A58FHC
CBEG877<E86G?LG;EBH:;G;89?4A:8F9<:
!9G;8 C<C8 <FABGFG45?8 8ABH:; G;8CH@C@HFG 58
94FG8A874A7FHCCBEG875LG;8FH<G45?8G;E84787
;B?8FBAG;8CH@C64F<A:9<:
,;8!%!% <A?<A8CH@CF64A589?4A:87<A
G;8C<C84G4AL4A:?8
BEF498GLE84FBAF4IB<7G;8CBF<G<BAJ<G;G;8@BGBE
HA78EG;8CH@C
i
9<:
4.93.032.2
9<:
9<:
!+,&*3333%0+36BA:4??(4:<A4
(4:8 &*&* *8I'C8E4G<A:!AFGEH6G<BAF
&
BE<AFG4??4G<BA<A4CBF<G<BABG;8EG;4AJ<G;4I8EG<64?
EBGBE4K<F64E8@HFG58G4>8AGBF88G;4G41?.6;
.;10<;12;@.A6<;D.A2?5<92 <FCEBI<7874GG;8
?BJ8FGCB<AGB9G;8@BGBE
(EBI<788ABH:;6?84E4A684EBHA7G;8HA<G9BE:<A<?
C2;A69.A6<; 9BE<AFC86G<BAF GB 6;86>G;8 EBG4G<BA B9
G;8F;49G4A79BE9<??<A:4A77E4<A<A:G;8CH@C
#6=2@
AFHE8G;8<AF<78FB9C<C8F4E86?84A4A7HAB5FGEH6
G87589BE86BAA86G<BA
''!'"!'52=6=2@0<;;20A21A<A52=B:=
@5<B91/2@20B?21A<?2@A09.:=@@<A5.AA52F1<
;<AA?.;@:6A@A?2@@@A?.6;<?C6/?.A6<;@A<A52
=B:=
,;8<AF<787<4@8G8EB9G;8C<C8JBE>78C8A7FBAG;8
78F<E879?BJ
(EBI<7847<4@8G8E4FFHE<A:4?<DH<79?BJABG:E84G8E
G;4A@F9BEFH6G<BA4A7@F9BE78?<I8EL
,;8C<C8 7<4@8G8EF @HFGA8I8E 58 F@4??8EG;4A G;8
CH@C6BAA86G<BACBEGF
&B0A6<;=6=2
,;8FH6G<BAC<C8@HFG58C8E986G?L4<EG<:;G4A758?87
HCJ4E7F<ABE78EGB4IB<74<ECB6>8GF
/<G;4 =B:= 9<0.A21./<C2A52 D.A2? 92C29 FH6
G<BA?<9GBC8E4G<BA9<G43<<AC.9C2 BE405208C.9C2
BAG;8FH6G<BA6BAA86G<BA
/<G;. =B:= 9<0.A21 /29<DD.A2?92C29 <A9?BJ
HA78ECBF<G<I8FH6G<BA;847<AFG4??4:4G8I4?I8
296C2?F=6=2
<G4:4G8I4?I8<AG;878?<I8ELC<C8GB47=HFG78?<I8EL
;8474A745FBE587CBJ8E
!AFG4??4CE8FFHE8:4H:8
/<G;4:8B78G<6;847B9BI8E@9<G46;86>I4?I8
58GJ88AG;8CH@C4A7G;8:4G8I4?I8<ABE78EGBCEB
G86GG;8CH@C9EB@J4G8E;4@@8E<A:
920A?60.90<;;20A6<;
?86GE<64?6BAA86G<BA@HFG5864EE<87BHGBA?L
5L 4 DH4?<9<87 8?86GE<6<4A <A 466BE74A68 J<G;
?B64?E8:H?4G<BAF
<99<D.99@.32AF@A.;1.?1@
'52B;6A:B@A/2=?<=2?9F2.?A5214?<B;121
BAA86G G;8 84EG;<A: :EBHA7<A: 6BA7H6GBE GBG;8
G8E@<A4? J<G; G;8 @4E><A:
B@C4E8 G;89E8DH8A6L 4A7 @4<AFIB?G4:8J<G; G;8
A4@8C?4G874G44A76BAA86GG;8FHCC?L6BA7H6GBEF
GBG;8G8E@<A4?F <A 466BE74A68J<G;G;84CCEBCE<4G8
7<4:E4@<AF<78G;8G8E@<A4?5BK6BI8E
''!'"!D6A5:<A<?=<D2??.A6;4`8*.C<61
16?20A @A.?A6;4#?<C612.0<;A?<9 =.;29 D6A5@A.?
129A.@A.?A6;4<?.;<A52?@A.?A6;412C602
''!'"! ;2C2? .99<D D.@52?@ <? <A52?
:2A.9 =.?A@ A< 3.99 6;A< A52 6;A2?;.9 0./92
<=2;6;4/2AD22;A52A2?:6;.9/<E.;1@A.A<?
!9 G;<FB66HEF 7<F@4AG?8G;8@BGBEGB E86BI8EG;8
B5=86GJ;<6;;4F94??8A<AF<78
!9G;8G8E@<A4?5BK<FCEBI<787J<G;4A<A?8G:?4A7HF8
49?8K<5?8CBJ8EFHCC?L 6BE7 B9G;8 *&GLC8
J<G;F86G<BAB9645?8ABG?8FFG;4AC4E,
!9G;8G8E@<A4?5BK<FCEBI<787J<G;4A<A?8G5HF;<A:
6BAA86GG;8CBJ8EFHCC?L6BE7G;EBH:;46BA7H<G
BEHF8<AFJ<@@<A:CBB?FABGJ;8AC8EFBAF4E8<A
G;8CBB?:4E78A CBA7F 4A7F<@<?4EC?468F 4 ?2@6
1B.90B??2;A12C602J<G;!È&ABG8K6887<A:@
@HFG58<AFG4??87<AG;8FHCC?L6<E6H<G
!AFG4??412C6023<?16@0<;;20A6<;3?<:A52:.6;@
FJ<G6;J<G;46BAG46GF8C4E4G<BAB94G?84FG@@<A4??
CB?8F
/<G; 4 G;E88C;4F8 @BGBE<AFG4??4ABI8E?B47CEBG86
G<BA78I<68J<G;6HEI84CCEBCE<4G89BEG;8E4G876HE
E8AGB9G;8CH@C
&6;492=5.@2!% !%
4E8FHCC?<87 J<G;
464C46<GBE6BAA86G87GBG;8G8E@<A4?F4A79BE
. MJ<G;4A<A6BECBE4G87G;8E@4?CEB
G86GBE
"=2?.A6<;D6A53?2>B2;0F0<;C2?A2?
7=HFGG;89E8DH8A6L6BAI8EG8EFBG;4GG;8?<@<G<A:
I4?H8FB9@<A M4A7@4K9& MJ<??ABG58
8K688787
&'%'(#!"#%'"!
#?296:6;.?F05208@/23<?2@A.?AB=<3A52
=B:=
BABGFG4EGHCG;878I<68<A64F8B974@4:87C4EGF
6?@A@A.?A6;4
''!'"!;2C2??B;A52=B:=1?F+G4EGG;8CH@C
49G8E9<??<A:<G6B@C?8G8?LJ<G;?<DH<7
/;8ABC8E4G<A:HA78E4CBF<G<I8FH6G<BA;8479<??G;8
CH@C5L BC8A<A: G;8FH6G<BA :4G8 I4?I8F?BJ?L 4A7
6B@C?8G8?L>88C<A: G;8 78?<I8EL:4G8I4?I8 4A7G;8
I8AG;B?8FBC8AGBE8?84F8G;84<E
BEJ4G8E6<E6H?4G<BA <A 46?BF876<E6H<GBC8A 5BG;
:4G8I4?I8F6B@C?8G8?L5LE8?84F<A:G;84<E
;86>G;4GG;8F;49GGHEAF5L;4A7
*6A5.A5?22=5.@2:<A<?05208A5.AA5216?20A6<;
<3?<A.A6<; <F4F F;BJA 5LG;84EEBJBA G;8 CH@C
BG;8EJ<F87<F6BAA86G8?86GE<64?CBJ8E4A7E8I8EF8
G;86BAA86G<BAFB9GJBC;4F8F
/<G;4 FH6G<BA ?<9GBC8E4G<BA<G @4L 58A868FF4ELGB
J4<G498J@<AHG8F9BEG;8CH@CGBCE<@8
;86>G;4GG;8CH@CJBE>FJ<G;<A<GF9<8?7B9C8E9BE
@4A684A7G;4GG;845FBE5876HEE8AGF;BJABAG;8
A4@8C?4G8<FABG8K688787
'G;8EJ<F847=HFGG;878?<I8EL:4G8I4?I8
<;<AA<B05A5239B61D52;6A@A2:=2?.AB?2
6@56452?A5.;]
B?; 5.G.?1 B2 A< 5645 A2:=2?.AB?2 <3
A5239B61 A52=B:= 0.@6;4.;1 A52:<A<?
:.F?2.05A2:=2?.AB?2@56452?A5.;]
" !"' '"( A52@2 =.?A@ B;92@@ D6A5
@B6A./92 =?<A20A6C2 12C602@ <? D.6A .;1
:.82@B?2A52F5.C20<:=92A29F0<<921
6?@A@A.?A6;4!%!%
*8C84GG;<FCEB687HE89BE5BG;CH@CHA<GF
C4E4:E4C;
9G8EG;8FG4EGHCCEB687HE86;86>G;4G
,;8CH@CHA<G<AHF84A7G;8BA8<AFG4A75L@HFG
4?G8EA4G8E8:H?4E?LGB8AFHE88I8A7<FGE<5HG<BAB9G;8
;BHEFB9BC8E4G<BA@4>8G;86;4A:8 @4AH4??L BE
<AFG4??4A4HGB@4G<66BAGEB??8E
/;8ACH@C<A:7B@8FG<6;BGJ4G8EG;8CH@CHA<GF
F;BH?74?G8EA4G84G?84FGBA68474LGBCE8I8AG4AL
78CBF<GF9EB@6?B::<A:G;8CH@CHA<GBAFG4A75L
OFF
OFF
!+,&*3333%0+36BA:4??(4:<A4
(4:8 &*&* *8I'C8E4G<A:!AFGEH6G<BAF
&
&D6A05<33<3A52=B:=
,;84CC?<4A68 @HFG 58FJ<G6; B99 8I8ELG<@8
G;8E84E894H?GFF88GEBH5?8F;BBG<A:
,;8CEB7H6G <F 78F<:A879BE4 6BAG<AHBHF 7HGLG;8
FJ<G6;B99<F C8E9BE@87 5L7<F6BAA86G<A:G;8CBJ8E
FHCC?L5L@84AFG;88KC86G877<F6BAA86G<A: 78I<
68FF88C4E4:E4C;?86GE<64?6BAA86G<BA
!'!!
89BE84ALBC8E4G<BAF<GFA868FF4ELGB7<F6BAA86G
G;8CBJ8EFHCC?L
!9E8DH<E874F>GB4A8?86GE<6<4ABEGB4A8KC8EGG86;A<
6<4A I8EL @4<AG8A4A68 BC8E4G<BAF 6?84A<A: BE
E8C4E4G<BA 8K86HG87 J<G; G;8 8?86GE<64? FLFG8@
HA78EIB?G4:8<G6BH?764HF8F8E<BHF<A=HE<8FGB
C8BC?8
!9 G;8 FHCC?L 6BE7 <F 74@4:87 <G @HFG 58
E8C?4687 5L G;8 @4AH946GHE8E <GF F8EI<68
4:8AGBEF<@<?4E?LDH4?<9<87C8EFBAF<ABE78EGB
4IB<74;4M4E7
!A64F8B98KGE4BE7<A4EL@4<AG8A4A68BE@4<AG8A4A68
BC8E4G<BAFG;4GE8DH<E8C4EGE8@BI<A:G;8BC8E4GBE
@HFG584DH4?<9<87G86;A<6<4A45?8GBE847F6;8@8F
4A77E4J<A:F
!G<FFH::8FGGBE8:<FG8E4??@4<AG8A4A68BC8E4G<BA8K86H
G87
HE<A:@4<AG8A4A68>88CC4EG<6H?4E4GG8AG<BA
<A BE78E GB 4IB<7 G;8 <AGEB7H6G<BA B9 F@4??
8KG8EA4? C4EGF G;4G 6BH?7 6B@CEB@<F8 G;8
78I<68F498GL
!G<F9BE5<778AGB8K86HG84ALBC8E4G<BAFJ<G;
G;87<E86G HF8B9 ;4A7F -F8J4G8EE8F<FG4AG
4AG<6HG:?BI8FGB7<F4FF8@5?84A76?84AG;8
9<?G8EBE<ABG;8EC4EG<6H?4E64F8F
HE<A: @4<AG8A4A68 BC8E4G<BAF 8KG8EA4?
C8EFBAA8?<FABG4??BJ87
%4<AG8A4A68BC8E4G<BAFG;4G4E8ABG78F6E<587<AG;<F
@4AH4?@HFG58@478BA?L5LFC86<4?C8EFBAA8?
4HG;BE<M875L4?C874+C
BE9HEG;8EG86;A<64?<A9BE@4G<BAE8:4E7<A:G;8HF8BE
G;8@4<AG8A4A68B9G;878I<686BAG46G4?C874
+C
%<BA6;2:.6;A2;.;02&A.;1.?10<;@A?B0A6<;
89BE8 8I8EL @4<AG8A4A68 BC8E4G<BAF
7<F6BAA86G G;8 CBJ8E FHCC?L 4A7 @4>8 FHE8
G;4GG;878I<686BH?7ABG466<78AG4??LBC8E4G8
B?; 5.G.?1 B2 A< 5645 A2:=2?.AB?2 <3
A5239B61 A52=B:= 0.@6;4.;1 A52:<A<?
:.F?2.05A2:=2?.AB?2@56452?A5.;]
" !"' '"( A52@2 =.?A@ B;92@@ D6A5
@B6A./92 =?<A20A6C2 12C602@ <? D.6A .;1
:.82@B?2A52F5.C20<:=92A29F0<<921
*52;A52=B:=?2:.6;@6;.0A6C26A:B@A/22:=A621
0<:=92A29F63A52?26@.?6@8<33?22G6;4
89BE8 E8FG4EG<A: G;8 HA<G 6;86> G;4GG;8F;49G<F ABG
=4@@874A79<??G;8CH@C64F<A:6B@C?8G8?LJ<G;?<DH<7
%<BA6;2:.6;A2;.;02&=206.90<;@A?B0A6<;
89BE8 8I8EL @4<AG8A4A68 BC8E4G<BAF
7<F6BAA86G G;8 CBJ8E FHCC?L 4A7 @4>8 FHE8
G;4GG;878I<686BH?7ABG466<78AG4??LBC8E4G8
B?; 5.G.?1 B2 A< 5645 A2:=2?.AB?2 <3
A5239B61 A52=B:= 0.@6;4.;1 A52:<A<?
:.F?2.05A2:=2?.AB?2@56452?A5.;]
" !"' '"( A52@2 =.?A@ B;92@@ D6A5
@B6A./92 =?<A20A6C2 12C602@ <? D.6A .;1
:.82@B?2A52F5.C20<:=92A29F0<<921
*52;A52=B:=?2:.6;@6;.0A6C26A:B@A/22:=A621
0<:=92A29F63A52?26@.?6@8<33?22G6;4
89BE8 E8FG4EG<A: G;8 HA<G 6;86> G;4GG;8F;49G<F ABG
=4@@874A79<??G;8CH@C64F<A:6B@C?8G8?LJ<G;?<DH<7
96;139.;42@3<?:<1!%!%
!9@4<AG8A4A68A887FGB 58 64EE<87 BHGBABA8B9G;8
CH@CHA<GF46BHC?<A:9?4A:8BCG<BA4?64A589<GG87GB
EHAG;8BG;8ECH@CHA<G<AG;8@84AG<@8
6@:.;A96;4A52@F@A2:
?BF8 G;8 FH6G<BA 4A7 78?<I8EL :4G8 I4?I8F 4A77E4<A
G;8CH@C64F<A:589BE87<F@4AG?<A:G;8CH@C
6@:.;A96;4A52=B:=
?BF8G;8FH6G<BA4A778?<I8EL:4G8I4?I8F4A77E4<AG;8
CH@C64F<A:589BE87<F@4AG?<A:G;8CH@C
BE7<F@4AG?<A:4A7E84FF8@5?LF886BAFGEH6G<BA<AG;8
6EBFFF86G<BA7E4J<A:
,;8@BGBE4A74??<AG8EA4?C4EGF64A587<F@4AG?87
J<G;BHGE8@BI<A:G;8CH@C64F<A:4A7C<C8F
LE8@BI<A:G;8 AHGF G;8@BGBE64A58 G4>8A
BHG6B@C?8G8J<G;G;8<@C8??8E
&#"&
HEBC84A<E86G<I8
-/
,;89<A4?7<FCBF4?B9G;878I<68@HFG587BA85LFC8
6<4?<M876B@C4AL
%4>8FHE8G;8FC86<4?<M876B@C4AL9B??BJFG;86?4F
F<9<64G<BAB9G;8@4G8E<4?C4EGF9BEG;8F8C4E4G<BA
'5F8EI8G;8?B64?E8:H?4G<BAF4A77<FCBF8G;878I<68
466BE7<A:?LJ<G;G;8<AG8EA4G<BA4?EH?8F9BE 8AI<EBA
@8AGCEBG86G<BA
&#%#%'&
&=.?2=.?A@?2>B2@A
/;8ABE78E<A:FC4E8C4EGFC?84F8DHBG8 G;8<E 78F<
:A4G<BACBF<G<BAAH@58E<AG;86EBFFF86G<BA7E4J<A:
4A7E4G8774G49EB@G;8CH@CA4@8C?4G8
,;8FC4E8 C4EGF E8DH8FGF;4?? 58 F8AGGB $(
+C5LC;BA894K8@4<?
;4A:8FE8F8EI87
OFF
OFF
OFF
OFF
i
i
ON
!+,&*3333%0+36BA:4??(4:<A4
(4:8 &*&* *8I'C8E4G<A:!AFGEH6G<BAF
&
'?<B/92@5<<A6;4
*%!! ,HEAB99G;8CBJ8EFHCC?L589BE8C8E9BE@<A:4ALBC8E4G<BAF
BABG4??BJG;8CH@CBE@BGBEGBEHAJ;8A7EL8I8A9BE4F;BEGC8E<B7
+GE<6G?L9B??BJG;8HF8E<AFGEH6G<BAF4A7<9A868FF4EL6BAG46G4A4HG;BE<F87F8EI<6868AGE8
OFF
#%"
,;88A:<A8
7B8FABGFG4EG
(H@C5?B6>87
,;8CH@C
9HA6G<BAF5HGAB
J4G8E6B@8FBHG
!AFH99<6<8AG9?BJ
&B<F84A7I<5E4G<BAF
9EB@G;8CH@C
$84>4:89EB@
G;8@86;4A<64?
F84?
#%"(&&
4-AFH<G45?8CBJ8EFHCC?L
5!A6BEE86G8?86GE<64?6BAA86G<BAF
6A:<A8BI8E?B47CEBG86G<I878I<686HGF
<A
7?BJABE78986G<I89HF8F
8+;49G5?B6>87
9%BGBE94<?87
4(EB?BA:87C8E<B7FB9<A46G<I<GL
5(E8F8A68B9FB?<75B7<8F<AG;8<@C8??8E
684E<A:F5?B6>87
4(E8F8A68 B9 4<E <AF<78 G;8 CH@C BE
FH6G<BAC<C8
5(BFF<5?8<A9<?GE4G<BAB94<E
6BBGI4?I85?B6>87BEFH6G<BAC<C8ABG
9H??L<@@8EF87<A?<DH<7
7+H6G<BA9<?G8E5?B6>87
8?4C I4?I8 74@4:87 JBEA BE 94H?GL
@B78?F&*&*
4(<C8F4A74668FFBE<8FJ<G;7<4@8G8E
GBBF@4??
5(E8F8A68B978CBF<GFBEFB?<75B7<8F<A
G;8<@C8??8E
6*BGBE78G8E<BE4G87
7/BEAEBGBE4A7CH@C64F8
84F8F7<FFB?I87<AG;8J4G8E
9K68FF<I8I<F6BF<GLB9G;8?<DH<7CH@C87
:!A6BEE86G7<E86G<BAB9EBG4G<BA
;?4C I4?I8 74@4:87 JBEA BE 94H?GL
@B78?F&*&*
4/BEA584E<A:F
5-A54?4A687CBJ8EFHCC?L
4,;8@86;4A<64? F84? ;4F9HA6G<BA87
J;8A7ELBE;4FFGH6>
5%86;4A<64?F84?F6BE875LCE8F8A68B9
45E4F<I8C4EGF<AG;8?<DH<7CH@C87
6%86;4A<64?F84?HAFH<G45?89BEG;8GLC8
B94CC?<64G<BA
7+?<:;G<A<G<4?7E<C7HE<A:9<??<A:BEBA9<EFG
FG4EGHC
#"&&% &
4;86>G;4GG;8@4<AF9E8DH8A6L4A7IB?G4:84E8FH<G45?8
5BAA86GG;8CBJ8EFHCC?L645?86BEE86G?L;86>G;8
F8GG<A:B9G;8G;8E@4?BI8E?B47CEBG86G<BA
6;86>G;8CBJ8EFHCC?L 4A7 @4>8FHE8G;4GG;8CH@C
F;49G<FGHEA<A:9E88?L;86> G;8 F8GG<A:B9G;8G;8E@4?
BI8E?B47CEBG86G<BA
7*8C?468G;89HF8F6;86>CB<AGF44A76
8
+88u?B6>87CH@Cv<AFGEH6G<BA5BB>?8G
9*8C4<EBEE8C?468G;88A:<A8
4-A5?B6>G;8CH@C5LHF<A:4F6E8J7E<I8EGBGHEAG;8
E8?8I4AGABG6;BAG;8546>B9G;8F;49G
5*8@BI84ALFB?<79BE8<:A5B7<8F<AF<78G;8<@C8??8E
6*8C?468G;8584E<A:F
4*8?84F8G;84<E9EB@G;8CH@CHF<A:G;878?<I8EL6BAGEB?
I4?I8
5;86>J;<6;C4EG<FABGG<:;G4A7F84?G;86BAA86G<BA
6?84ABEE8C?468G;85BGGB@I4?I84A7HF84FH<G45?8
FH6G<BAC<C8
7?84AG;89<?G8E<9 A868FF4EL E8C?468<G+88CB<AG5
4?FB
8*8C?468G;89?4CI4?I8
4-F8 C<C8F 4A7 4668FFBE<8F FH<G45?8 9BE G;8 FC86<9<6
4CC?<64G<BA
5?84AG;8<@C8??8E4A7<AFG4??4FH6G<BA9<?G8E
6*8C?468G;8<@C8??8E
7*8C?468G;8<@C8??8E4A7G;8CH@C64F<A:
8(8E9BE@G;8BC8A<A:4A76?BF<A:@4AB8HIE8FG;EBH:;G;8
98878E:4G8
9,;8CH@C<FHAFH<G45?8
:!AI8EGG;88?86GE<64?6BAA86G<BAF<AG;8G8E@<A4?5B4E7
;*8C?468G;89?4CI4?I8
4*8C?468G;8584E<A:F
5;86>G;4GG;8@4<AFIB?G4:8<FE<:;G
!A64F8F454A76E8C?468G;8F84?
4%4>8FHE8G;4GG;8CH@C64F<A:<F9H??B9?<DH<74A7G;4G4??
G;84<E;4F588A8KC8??87
5!AFG4?? 4 FH6G<BA 9<?G8E 4A7 HF8 4 F84? FH<G87 GB G;8
6;4E46G8E<FG<6FB9G;8?<DH<758<A:CH@C87
6;BBF84F84?J<G;6;4E46G8E<FG<6FFH<G45?89BEG;8FC86<9<6
4CC?<64G<BA
7/4<G9BEG;8F84?GB47=HFGGBG;8EBG4G<BAB9G;8F;49G!9G;8
CEB5?8@C8EF<FGFF88CB<AGF45BE6
!+,&*3333%0+36BA:4??(4:<A4
+8<G8 &*&* *8I8GE<85F4A?8<GHA:
VORLIEGENDE GEBRAUCHSANLEITUNG IST EIGENTUM
VON CALPEDA S.p.A. JEGLICHE AUCH TEILWEISE
VERVIELFÄLTIGUNG IST VERBOTEN
.
!'&)%-!&
$$%!&!&'*%,!'&&
, &!+ + *!-&
, &!+ %*#%$
+! * !,+%++& %&
,*&+('*,-& & -&
-+,$$-&
&$--&,*!
/*,-&
&,+'*-&
*+,2,!$
+,R*-&+*%!,,$-&
& O&
5@8FFHA:HA78J<6;G
,8<?88A8AAHA:
+6;A<GG4AF<6;G8A
#BC<878E#BA9BE@<GWGF8E>?WEHA:
!!"% '"!!
.BE85E4H6;78F(EB7H>GF F<A7 7<8 <AJ8<F8HA7
7<8AJ8<FHA:8A FBE:9W?G<: 7HE6;MH?8F8AJ8?6;8<A
7<8F8@ 4A75H6;:8F6;E<858A F<A7 4FIBE?<8:8A
78 4A75H6;<FGMH@>hA9G<:8A&46;F6;?4:8A4H9MH
58J4;E8A
<8F8F 4A75H6;JHE78BE<:<A4?4H9!G4?<8A<F6;8E94FFG8<
5J8<6;HA:8AMJ<F6;8A'E<:<A4?HA7S58EF8GMHA:<FG74F
'E<:<A4?4H9!G4?<8A<F6;4HFF6;?4::858A7
4F 4A75H6;<FG8FG4A7G8<?78F8EWG8F:4E4AG<8EG
78FF8A +<6;8E;8<G HA7 <FG 5<F MHE 8A7:h?G<:8A
AGFBE:HA:78F(EB7H>GF4H9MH58J4;E8A
H9A9E4:8IB@#WH98E?<898EG4?C874+C
#BC<8
78FIBE?<8:8A78A 4A75H6;F<@4??8IBA78FF8A.8E?HFG
858A
+<85<GG87458<7<8(EB7H>G8A58M8<6;AHA:4AJ8?6;8
4H978EG<>8GG878E%4F6;<A8:8F6;E<858A<FG*89
#8AAM8<6;AHA:
8<OA78EHA:8A@<FF5EWH6;?<6;8A<A:E<998AB78E
HAMH?WFF<:8AE58<G8A4A78@8EWGB78E4A78FF8A
,8<?8AJ8?6;8A<6;GIB@ 8EFG8??8E4HGBE<F<8EGJHE
78AI8E?<8EG7<8E>?WEHA:<;E8h?G<:>8<GHA7
7<84E4AG<88E?<F6;G
<8F8F8EWG74E9IBA#<A78EAHAG8E
"4;E8AA<6;G587<8AGJ8E78AH6;A<6;G
IBA(8EFBA8A@<G8<A:8F6;EWA>G8AC;LF<
F6;8AF8AFBE<F6;8AB78E:8<FG<:8A
W;<:>8<G8AB78EHA8E94;E8A8%8AF6;8A
7<8A<6;G@<G78@(EB7H>GI8EGE4HGF<A7
FF8<78AAF<8589<A78AF<6;HAG8E
FGE8A:8EH9F<6;G7HE6;8<A8DH4?<9<M<8EG8
(8EFBAJ8?6;8:8A4H8AJ8<FHA:MHE
F<6;8EA87<8AHA:78F8EWG8F:<5GHA7
4H9 @e:?<6;8 894;E8A 7HE6; 78A
<AF4GM78F8EWG8F;<AJ8<FG
#<A78E7hE98AA<6;G@<G78@8EWGFC<8?8A
F?<8:G<A78E.8E4AGJBEGHA:78F87<8A8EF
74F8EWGMH*8<A<:8AHA7MH/4EG8A
#<A78E 7hE98A A<8@4?F 74F 8EWG
*8<A<:8AB78E/4EG8A8FF8<78AAF<8
589<A78AF<6;HAG8EFGE8A:8EDH4?<9<M<8EG8E
H9F<6;GHA7A?8<GHA:
4F8EWG74E9A<6;G8<A:8F8GMGJ8E78A
<A,8<6;8A,4A>F+6;J<@@586>8A
B78EJ8AA(8EFBA8A<A#BAG4>G@<G78@
/4FF8E>B@@8A>eAA8A
$8F8A +<8 FBE:9W?G<: 78A
!AFG4??4G<BAF45F6;A<GGJ8?6;8E74E?8:G
8A @4K<@4?8 MH?WFF<:8A
8;WHF88A77EH6>#4C<G8?
,LC HA7 )H8EF6;A<GG 78F
AF6;?HFF>458?F#4C<G8?
8A,LC78EMH<AFG4??<8E8A78A8?8>GE<
F6;8A5F<6;8EHA:#4C<G8?
)2?D2;12A2&F:/<92
2H@58FF8E8A.8EFG8;8A7<8F8F 4A75H6;FJ8E78A
7<874E<AI8EJ8A78G8A+L@5B?85MJ(<>GB:E4@@8@<G
78A8AGFCE86;8A78A878HGHA:8A<@B?:8A78A4H9
:8?<FG8G
!A9BE@4G<BA8A HA7 <AJ8<F8 J8?6;8 MH 5846;G8A
F<A7 H@ 8F6;W7<:HA:8A 4A 78@ 8EWG B78E
%WA:8? 4A 78E +<6;8E;8<G 78F (8EFBA4?F MH
I8E@8<78A
!A9BE@4G<BA8A HA7 <AJ8<F8 h58E 8?8>GE<F6;8 ,8<?8
78E8A &<6;G5846;GHA: MH 8F6;W7<:HA:8A 4A 78@
8EWGB78E%WA:8?A4A78E+<6;8E;8<G78F(8EFBA4?F
9h;E8A>4AA
8@8E>HA:8A HA7 /4EAHA:8A 9hE 8<A8A
>BEE8>G8A 8GE<85 78F 8EWG8F HA7 78FF8A
#B@CBA8AG8A
%4kA4;@8A J8?6;8 IB@ A7I8E5E4H6;8E 78F
8EWG8FIBE:8AB@@8AJ8E78A7hE98A&46;78@8E
7<885E4H6;F4A?8<GHA:7HE6;:8?8F8A;4GE<FG749hE
I8E4AGJBEG?<6; 74FF 74F 8EWG <A ABE@4?8A
85E4H6;F587<A:HA:8A :8;4?G8A J<E7 E <FG
58E86;G<:G %4kA4;@8A 78E BE78AG?<6;8A /4EGHA:
IBEMHA8;@8A
%4kA4;@8A J8?6;8 IBA 8<A8@ DH4?<9<M<8EG8@
?8>GE<>8EIBEMHA8;@8AF<A7J8?6;8<A78E$4:8
F<A774F8EWGMH<AFG4??<8E8A8FHAG8EABE@4?8A
-@FGWA78A MH 58GE<858A 8F HAG8E
/4EGHA:FH@FGWA78A 9HA>G<BA<8E8A MH ?4FF8A
<8F8 ,86;A<>8E <FG 74MH 58E86;G<:G <AFG8??HA:F
/4EGHA:FHA7*8C4E4GHE@4kA4;@8A4A8?8>GE<F6;8A
HA7@86;4A<F6;8A,8<?8AIBEMHA8;@8A
%4kA4;@8A J8?6;8 IBA 8<A8@ DH4?<9<M<8EG8@
,86;A<>8EIBEMHA8;@8A F<A7 J8?6;8E 74F 8EWG
HAG8EABE@4?8A-@FGWA78A>BEE8>G58GE8<58A>4AA
HA7 74MH 58E86;G<:G <FG FW@G?<6;8 /4EGHA:F
<AFG8??HA:F HA7 *8C4E4GHE@4kA4;@8A 4A
@86;4A<F6;8A,8<?8AIBEMHA8;@8A
F <FG B5?<:4GBE<F6; C8EFeA?<6;8
+6;HGM4HFEhFGHA:8AMHGE4:8A 4A7F6;HGM
F <FG B5?<:4GBE<F6; C8EFeA?<6;8
+6;HGM4HFEhFGHA:8A
MHGE4:8AH:8AF6;HGM
%4kA4;@8A J8?6;8 58<@ 4HF:8F6;4?G8G8A
HA7 IB@ +GEB@A8GM :8GE8AAG8A 8EWG
IBEMHA8;@8AF<A7
%4kA4;@8A J8?6;8 58<@ 8<A:8F6;4?G8G8A
8EWGIBEMHA8;@8AF<A7
6?:2;/2G2605;B;4B;11?2@@2C<:2?@A2992?
<E@8A58M8<6;AHA:4?C874+C
7E8FF8.<4*B::<47<%8MMB
%BAGBEFB.<68AG<AB.<68AM4!G4?<8A
JJJ64?C874<G
i
OFF
ON
!+,&*3333%0+36BA:4??(4:<A4
+8<G8 &*&* *8I8GE<85F4A?8<GHA:
BA<?6@62?A2@2162;B;4@=2?@<;.9
<8F8F8EWGE<6;G8GF<6;4A8E94;E8A887<8A8EJ8?6;8
A7I8E5E4H6;8EHA7FC8M<4?<F<8EG8,86;A<>8EF8<A>eAA8A
F<8;8H9?<FGHA:78E+L@5B?8;<8EB58A
8@A7I8E5E4H6;8E<FG8FFGE8A:FG8AFI8E5BG8A
%4kA4;@8AIBEMHA8;@8AJ8?6;84HFF6;?<8k?<6;
IBAFC8M<4?<F<8EG8A,86;A<>8E7HE6;:89h;EGJ8E78A
7hE98A 8E 8EFG8??8E ;49G8G A<6;G 9hE +6;W78A
J8?6;84HF78E&<6;G5846;GHA:7<8F8F.8E5BG8F
E8FH?G<8E8A
.?.;A62
M:?78E4E4AG<8h58E7<8(EB7H>G8@HFF@4AF<6;
4H97<84??:8@8<A8A.8E>4H9F587<A:HA:8A58M<8;8A
<84E4AG<8H@94FFG78A#'+,&$'+&EF4GM
B78E 7<8 #'+,&$'+ *8C4E4GHE 78E 7898>G8A
,8<?8J8?6;84?F7898>GIB@ 8EFG8??8E4A8E>4AAG
J8E78A
<84E4AG<88E?<F6;G
/8AA 74F 8EWG A<6;G HAG8E 846;GHA: 78E
AJ8<FHA:8AHA7&BE@8AI8EJ8A78GJ<E7J8?6;8
<A7<8F8@ 4A75H6;58F6;E<858AF<A7
/8AAOA78EHA:8A4@8EWGB;A88A8;@<:HA:F8<
G8AF78F 8EFG8??8EFIBE:8AB@@8AJ8E78AF<8;8
5F6;A<GG
/8AAG86;A<F6;8+8EI<68@4kA4;@8AIB@(8EFBA4?7HE6;
:89h;EGJ8E78AJ8?6;8FA<6;GIB@ 8EFG8??8E4HGBE<F<8EGJBE
78A<FG
/8AA7<8<A7<8F8@ 4A75H6;58F6;E<858A8A
/4EGHA:F@4kA4;@8AA<6;G5846;G8GJ8E78A
'205;6@052@&2?C602
hEJ8<G8E8!A9BE@4G<BA8Ah58EB>H@8AG4G<BA
+8EI<68<8AFG?8<FGHA:8AHA78EWG8G8<?8J8A78A
+<8F<6;5<GG84A4?C874+C5F6;A<GG
'!&&%(!
+C<E4?:8;WHF8@<G+4H:HA7EH6>FGHGM8A@<G:?8<6;8@
HE6;@8FF8E <A :8E478E 7HE6;:8;8A78E
$8<GHA:FE<6;GHA:!A?<A84HJ8<F8
&*&*#E8<F8?CH@C8A8<AFGH9<:<A?B6>54HJ8<F8
%BGBEHA7(H@C8MH8<A8@?B6>4::E8:4GI8E5HA78A@<G
:8@8<AF4@8E/8??8
&* &* #E8<F8?CH@C8A BCC8?CH@C8
*h6>F6;?4:>?4CC8<A?B6>54HJ8<F8%BGBEHA7(H@C8MH
8<A8@?B6>4::E8:4GI8E5HA78A@<G:8@8<AF4@8E/8??8
-D2082;A@=?2052;12)2?D2;1B;4
&A.;1.?1.B@3Bk5?B;4
H†EE8<A8?H†FF<:>8<G8A B;A8 45E4F<I88FG4A7G8<?8
7<8 7<8 (H@C8A54HFGB998 A<6;G 4A:E8<98A
8FGFGB994AG8<?5<F@4K
%87<H@FG8@C8E4GHEIBAi5<Fi
&<;12?.B@3Bk5?B;42;
H†EE8<A8?H†FF<:>8<G8AB;A845E4F<I88FG4A7G8<?8
7<8 7<8 (H@C8A54HFGB998 A<6;G 4A:E8<98A
8FGFGB994AG8<? 5<F @4K @<G9B?:8A78A
%8E>@4?8A
Æ #h;?@<F6;HA:8A@<G,8@C8E4GHEIBA5<Fi
Æ /4FF8E@<G,8@C8E4GHEIBAi5<Fi
Æ
R?@<G,8@C8E4GHE5<FMHi5MJ.<F>BF<GWGIBA
6+G
)2?;\;3A642?D26@2C<?52?@25/.?2259.;D2;1B;4
4F8EWGJHE784HFF6;?<8k?<6;MH78A<@5F6;A<GG
58F6;E<858A8A2J86>8A8AGJBE98AHA7;8E:8
FG8??G <8 .8EJ8A7HA: IB@ 8EWG MH 4A78E8A
HAMH?WFF<:8A 2J86>8A B78E HAG8E <A 7<8F8@
4A75H6; A<6;G IBE:8F8;8A8A 87<A:HA:8A
<FGFGE8A:FG8AFI8E5BG8A
<88;?4AJ8A7HA:78F (EB7H>G8F I8EE<A:8EGF8<A8
+<6;8E;8<GFHA799<M<8AM@8E>@4?84?C874 ;49G8G
A<6;G9hE%WA:8?B78E-A9W??8J8?6;84HF78E
&<6;G5846;GHA:78EB58A58F6;E<858A8A.8E5BG8
E8FH?G<8E8A
2;;G2605;B;4
!@B?:8A78A9<A78A+<88<A8#BC<878F#8AAF6;<?78F
J8?6;8F4@Hk8A:8;WHF878E(H@C84A:85E46;G<FG
'!& %
'205;6@052.A2;
5@8FFHA:8AHA78J<6;G#4C
&8AA7E8;M4;?EC@
+6;HGM>?4FF8!(
&8GMFC4AAHA:E8DH8AM
5<F.N M
5<FGB.N M
(Eh98A+<87<8IBE;4A78A8+C4AAHA:HA7E8DH8AM
4H9
S58E8<AFG<@@HA:@<G78A4G8A4H978@,LC8AF6;<?7
78F%BGBEF
<88?8>GE<F6;8A4G8A4H978@,LC8AF6;<?7
58M<8;8AF<6;4H97<8&8AA?8<FGHA:78F%BGBEF
%BGBEA8AA?8<FGHA:
&*@<A 5<F>/
&*@<A 5<F>/
+6;4??7EH6>7 @4K
+G4EGFCEB+GHA78 @4K
e6;FGMH?WFF<:8E(H@C8A8A77EH6>@54E
%4K<@4?8E+4H:7EH6>(&(4 @4K(4
B3@A299B;4@<?A12?#B:=2
<AF4GM AHE <A :HG 58?H†9G8G8A HA7 :8:8A
/<GG8EHA:F8<A9?H†FF8 :8F6;H†GMG8A *WH@8A
*4H@G8@C8E4GHE5<Fi
&%'& &&! !
9942:26;2)2?5.9A2;@?2429;
.BE 8EWG8:85E4H6; <FG 8F J8F8AG?<6; 4??8
+<6;8E;8<GF;<AJ8<F8FBE:9W?G<:7HE6;MH?8F8A
$8F8A HA7 5846;G8A +<8 4??8 G86;A<F6;8
AJ8<FHA:8A 8GE<85F4A?8<GHA:8A HA7 <AJ8<F8 h58E
FW@G?<6;8 E58<GFC;4F8A IB@ ,E4AFCBEG 5<F MHE
8A7:h?G<:8A AGFBE:HA: J8?6;8 <A 7<8F8@ 4A75H6;
:8F6;E<858AF<A7
<8 FC8M<4?<F<8EG8A ,86;A<>8E F<A7 74MH I8EC9?<6;G8G
FW@G?<6;8*8:8?HA:8A&BE@8AHA78F8GM8MH5846;G8A
J8?6;8 <A 78@ H9FG8??HA:F?4A7 :8?G8A JB 7<8 (H@C8
I8E>4H9GJBE78A<FG4F 8EWG8AGFCE<6;G78A:8?G8A78A
+<6;8E;8<GFABE@8A
<A8 HAF46;:8@Wk8 .8EJ8A7HA: >4AA =878EM8<G MH
+6;W78A4A%8AF6;8A,<8E8B78E+46;8A9h;E8A
8E 8EFG8??8EF6;?<8kG=8:?<6;8 49GHA:4HF94??FFB?6;8
+6;W78A 4HF 8GE<85F587<A:HA:8A E8FH?G<8E8A J8?6;8
IBA 78A <A 7<8F8@ 4A75H6; 5MJ 4@ #8AAF6;<?7
4A:8:858A8A87<A:HA:8A45J8<6;8A
846;G8A +<8 7<8 4A:8:858A8A /4EGHA:F9E<FG8A
HA7 8EF8GM8A +<8 FB9BEG 4??8 58F6;W7<:G8 B78E
I8EF6;?<FF8A8,8<?847HE6;J<E774F8EWG<@@8E
HAG8E78A58FG8A87<A:HA:8A9HA>G<BA<8E8A
i
i
i
XXXXXXX
IE2-87
XXXXXXXX
H max/min
XX
/
XX
m
2900/min
XXXXXX
IEC 60034-1
XX
kW (
XX
Hp)
Q min/max
XX
/
XX
m3/h
0705158995
IP
XX
n 2900/min
400∆/690Y V3~50Hz
%
100
75
50
cosϕ
0,84
0,78
0,67
η
87,5
88,1
87,4
V
400
400
400
XX
/
XX
A
S1 l.cl. F
XX
kg
XX kW (XX Hp)
1
11
2
8
3
4
4
5
6
7
8
9
10
12
13
19
20
14
15
16
17
18
Montorso (VI) Italy IT 00142630243
Made in Italy
Montorso (VI) Italy IT 00142630243
Made in Italy
(H@C8AGLC
eE78E@8A:8
eE78E;e;8
&8AA?8<FGHA:
+GH98A4AM4;?
E8DH8AM
&8AAFGEB@
&8AA7E8;M4;?
8GE<85F4EG
!FB?4G<BAF>?4FF8
8@8E>HA:8A
+8E<8AAH@@8E
8J<6;G
8@8E>HA:8A
&8AA?8<FGHA:
$8<FGHA:F94>GBE
/<E>HA:FE47
+6;HGM4EG
99<M<8AM>?4FF8
Beispiel Typenschil es Motors
Beispiel Typenschil er Pumpe
!+,&*3333%0+36BA:4??(4:<A4
+8<G8 &*&* *8I8GE<85F4A?8<GHA:
8FG8??8A+<84HFF6;?<8k?<6;BE<:<A4?8EF4GMG8<?8
J8?6;8 IBA $( +C B78E IBA 78A
4HGBE<F<8EG8A WA7?8EA:8?<898EGJ8E78A
AG98EA8A B78E WA78EA +<8 7<8 #8AAF6;<?78E
A<6;G J8?6;8 4@ 8EWG IB@ 8EFG8??8E
4A:85E46;GJ8E78A
4F 8EWG 74E9 A<6;G 58GE<858A J8E78A 94??F
%WA:8?B78E8F6;W7<:HA:8A98FGMH?8:8AF<A7
??8/4EGHA:FHA7!AFG4A7;4?GHA:F4E58<G8A58<
78A8A 74F 8EWG Ie??<: B78E G8<?J8<F8
45MH@BAG<8E8A <FG F<A7 AHE 74AA 4HFMH9h;E8A
J8AA74F8EWGIB@&8GM:8GE8AAGJBE78A<FG
&6052?526A@C<??605AB;42;
4F8EWG58FG8;G4HF 8<A8@ Hk8A:8;WHF8 J8?
6;8F=8:?<6;8A#BAG4>G@<G78A<AG8EA8A8GE<858A
I8E;<A78EG
%2@A?6@682;
!A A58GE46;G F8<A8E HF?8:HA: HA7 F8<A8F
.8EJ8A7HA:FMJ86>FHA7HAG8E846;GHA:IBA78E
F46;:8@Wk8A.8EJ8A7HA:HA778A+<6;8E;8<GFABE@8A
J8<FG74F8EWG>8<A8*8FGE<F<>8A4H9
&6052?526A@B;1;3<?:.A6<;@82;;G2605;B;4
hE7<8F8EG8EWG8<FG>8<A8#8AAM8<6;AHA:4@8EWGIBE
:8F8;8A
#2?@Z;96052&05BAG.B@?\@AB;42;#&
8<78E!AFG4??4G<BA78@A?4H9HA778E/4EGHA:<FG8F9hE74F
87<8A8EC8EFBA4? 8@C98;?8AFJ8EG :88<:A8G8 +6;HGM4HFEhFGHA:8A
4H9:EHA778E7HE6;MH9h;E8A78AE58<GMHGE4:8A
8</4EGHA:FHA7!AFG4A7;4?GHA:F4E58<G8AF<A7
+6;HGM;4A7F6;H;8HA587<A:GMHGE4:8A
#68A<4?.::
"/964.A<?6@052#&
&+ -,2
+6;HGM;4A7F6;H;8MH@+6;HGMIBE6;8@<
F6;8AG;8E@<F6;8AHA7@86;4A<F6;8A
*<F<>8A
-&+ -,2
E<??8AMH@+6;HGMIBE6;8@<F6;8A
G;8E@<F6;8AHA75<B?B:<F6;8A894;E8A
'%!&#"%'(!!(!
4F(EB7H>G<FGI8EC46>G74@<G78E!A;4?GA<6;G
58F6;W7<:GJ<E78<@,E4AFCBEG<FG7<8+G4C8?HA:
IBA F6;J8E8A .8EC46>HA:8A MH I8E@8<78A
.8E:8J<FF8EA+<8F<6;74FFF<6;7<8.8EC46>HA:
58<@,E4AFCBEGA<6;G9E8<58J8:8A>4AA
<8 %<GG8? MH@ ,E4AFCBEG78F I8EC46>G8A 8EWG8F
@hFF8A9hE7<85@8FFHA:8AHA774F8J<6;G78F
:8>4H9G8A(EB7H>G8F:88<:A8GF8<AF<8;8#4C
8F4@G45@8FFHA:8A
.;15./B;4
858A+<87<8.8EC46>HA:FBE:9W?G<:74@<G78@74E<A
:8?8:8A8A8EWG>8<A8+6;?W:8MH:89h:GJ8E78A
$8:8A+<84H97<8.8EC46>HA:>8<AJ8<G8E8F%4G8E<4?
J8?6;8F78E(H@C858F6;W7<:8A>eAAG8
S58EF6;E8<G8G 74F 8J<6;G #: @HFF 7<8
.8EC46>HA::?8<6;M8<G<:IBAMJ8<%8AF6;8A:8;B
58AJ8E78AF<8;8#4C8F4@G45@8FFHA:8A
,(7/2(01614,0+(,6//.$0*5$/$0+(
%(070'70-10641..,(46( &+9,0'70*(08(4/(,'(0
,22*()$+4
(&'(!
2@.:A./:2@@B;42;
<88F4@G45@8FFHA:8A78F8EWG8FF<A7<@
A;4A:
8F4@G45@8FFHA:8A#4C& O&
4A:8:858A
(:42/B;4@/216;4B;42;B;1%.B:/21.?3.:
B3@A299B;4@<?A
8EH9FG8??HA:FBEG<FG8AGFCE86;8A7HA7@<G8MH:4H9
78FF8A8FBA78E;8<G8AIBEMH58E8<G8A74@<G7<8
!AFG4??4G<BAE8<5HA:F?BF8E9B?:8A>4AA8?8>GE<F6;8
AF6;?hFF8HFJ
<8-@:85HA:<A78E74F8EWG4H9:8FG8??GJ<E7@HFF
78A<@5F6;A<GG58F6;E<858A8AA9BE78EHA:8A8AG
FCE86;8A
F<FGFGE8A:FG8AFI8E5BG8A7<8%4F6;<A8<A8KC?BF<BA
F:89W;E78G8A8E8<6;8A4H9MHFG8??8AHA7<A8GE<85MH
A8;@8A
B@=.082;
S58ECEh98A+<8B574F8EWG58<@,E4AFCBEG
58F6;W7<:GJBE78A<FG
4F.8EC46>HA:F@4G8E<4?<FGA46;HFC46>8A78E
%4F6;<A8?4HG78E8F8GM8HA7.BEF6;E<9G8AMH8AGFBE
:8A5MJJ<878E MH I8EJ8EG8AJ8?6;8<A78@
H9FG8??HA:F?4A778E%4F6;<A8:8?G8A
*4<F8G;8CH@C@BGBEHA<GF?BJ?LF<8;8#4C
9<:@4><A:FHE8<G7B8FABG@BI89EB@F<78GBF<78<A
4AHA6BAGEB??87J4LGB4IB<7G;8E<F>B9<@54?4A684A7
G<CC<A:HC
6;/.B
<8?B6>CH@C8A4HE8<;8
!%!%!%
!%
@<GC;4F<:8@%BGBE;458A+4H:HA7
EH6>FGHGM8A@<G:?8<6;8@HE6;@8FF8E<A:8E478E
7HE6;:8;8A78E$8<GHA:FE<6;GHA:!A?<A84HJ8<F8
<8F8(H@C8A>eAA8AJ<88<AHE6;:4A:FI8AG<?<A
7<8:8E47?<A<:I8E4H98A78*B;E?8<GHA:8<A:89?4AF6;G
J8E78A
!AFG4EEI8E?8:G8A*B;E?8<GHA:8A>4AA74F::E8:4G
9E8<GE4:8A78<A:89?4AF6;GJ8E78A55
8<58J8:?<6;8A*B;EI8E5<A7HA:8A58AeG<:G74F
::E8:4G8<A85FGH†GMHA:H†E7<8898FG<:HA:<FG
4@(H@C8A:8;WHF88<A8B;EHA:@<G8J<A78%
IBE;4A78A55
<8!%!% !A?<A8(H@C8A>eAA8A<A =878E
<A54H?4:8<A7<8*B;E?8<GHA:8<A:89?4AF6;GJ8E78A
HF+<6;8E;8<GF:EhA78A<FG458E 7<8 ABE7AHA:@<G
%BGBEA46;HAG8AA<6;GMH?WFF<:
i
4.93.032.2
55
55
55
!+,&*3333%0+36BA:4??(4:<A4
+8<G8 &*&* *8I8GE<85F4A?8<GHA:
8<A<6;GI8EG<>4?8@<A54H<FG74E4H9MH46;G8A74k
F<6; 4A 78E G<89FG8A +G8??8 78F %BGBEF 7<8
#BA78AFJ4FF8E5B;EHA:589<A78G
*4H@9hE 7<8 <A<?9\3AB;4 9hE !AFC8>G<BAMHE
#BAGEB??878E/8??8AH@7E8;HA: MHE H99h??HA:HA7
AG?88EHA:78E(H@C8IBEF8;8A
%<5?926AB;42;
(814',( 1+4.(,670*(0 $0',( 7/2( $0*(5&+.15
5(09(4'(0/7B/$05,&+8(4*(9,55(40'$B5,(
5$7%(45,0'
'(! 62 %<5?926AB;42; @6;1 :6A
%<5?@052992;./GB3.;42;B;1 @=.;;B;4@3?26 .;
162#B:=2.;GB@05962^2;
,(1+4.(,670*(05,0'/,61+45&+(..(0$%<7)$0*(0
70'52$0070*5)4(,$0',(7/2($0<75&+.,(B(0
(4 00(0'74&+/(55(4 (009(,6( '(4
1+4.(,670*(0,5681/@4'(45641/$%+>0*,*
,( 64@/70*5*(5&+9,0',*-(,6 51.. ,0 '(4
$7*.(,670*/570' ,0 '(4 47&-.(,670* /5
0,&+6A%(456(,*(0
(,0(5)$..51+49(,6(0-.(,0(4$.5',(
'(47/2(05676<(09>+.(0
&.B4926AB;4
,($7*.(,670*/7B70%(',0*6',&+65(,0
,( 51.. $7)56(,*(0' 8(4.(*6 9(4'(0 7/
7)65$&-%,.'70*<78(4/(,'(0
,6 '(4 #B:=2 \/2? 12: *.@@2?@=62429
$7*%(64,(% ,56 (,0 B^C2;A69 1'(4 (,0
,6 '(4 #B:=2 B;A2? 12: *.@@2?@=62429
#7.$7)%(64,(%,56(,0%52(445&+,(%(4,0'(4
#7.$7).(,670*<7/106,(4(0
?B08926AB;4
#7/,056(..(0'(5*(9A05&+6(0@4'(45641/5%<9
'(4(,5670*5$7)0$+/(,56,0'(447&-.(,670*(,0
&+,(%(4(,0<7%$7(0
47&-/(B*(4>6$01/(6(4(,0%$7(0
(,47&-+@+(0A%(4/,56<9,5&+(07/2(70'
&+,(%(4(,0(A&-5&+.$*-.$22((,0<7%$7(07/',(
7/2(814/@*.,&+(0"$55(45&+.>*(0<75&+A6<(0
928A?6@052?;@059B^
(4 (.(-64,5&+( 05&+.7B ,56810$&+2(4510$.706(4
($&+670*'(4@46.,&+(0!145&+4,)6(0$75<7)A+4(0
&6052?526A@C<?@05?63A2;/23<942;
&05BAG926A2?.;162?1B;4@892::2 .;@05
962^2;
(6<52$0070*70')4(37(0</,6 '(0 0*$%(0 $7)
'(/ ;2(05&+,.'8(4*.(,&+(070'2(,5(.(,6(4
*(/>B'(/&+$.6%,.',/.(//(0-$56(0'(&-(.
$05&+.,(B(0
'(! 26 <A<?926@AB;4 ` 8*
6?28A.;9.B3C2?:2612;&05.9A8.@A2;:6A &A2?;
?26208;9.B3 <12? 26;2 .;12?2
;9.B3C<??605AB;4C<?@252;
'(! 26;2 &0526/2 <12? .;12?2
:2A.996@052 242;@AP;12 6; 12; 6;A2?;2;
26AB;4@1B?054.;4 GD6@052;
92::2;8.@A2; B;1 &A.A<? 3.992; 9.@@2;
0'(40)$..5 1614 '(/106,(4(0 70' (*(056$0'
%(5(,6,*(0
(,.(//(0-$56(0/,6,0)7D+470*55612)%7&+5(
$%(. ;2 8(49(0'(0 /,6
$%(.37(45&+0,660,&+6706(4$2
(,.(//(0-$56(0 /,6 ,0)7D+470*5/7))(05&+.7B
'74&+$%(.)7D+470*541+4$75)7D+4(0
,((076<70*,0&+9,//%(&-(0$46(06(,&+(0
70'>+0.,&+(046(0,56074<7.>55,*9(005,&+-(,0(
(4510(0,/"$55(4%(),0'(070'9(00',(7/2(
$0(,0(/&+$.6-4(,5$0*(5&+.155(0,56'(4 '74&+
(,0(2592?@A?<:&05BAG26;?605AB;4 /,6(,0(/
(00)(+.(45641/ÈC/*(5&+7D6<6,56
5,56(,0()<??605AB;4GB?/@05.9AB;47212?#5.@2
C<:!2AG &+$.6(4/,6(,0(/=))070*5$%56$0''(4
106$-6(810/,0'(56(05//<7,056$..,(4(0
(, 4(,2+$5(04(+5641//1614(0 ,56 (,0
16145&+76<5&+$.6(4 /,6 748( *(/>B '(4
641/$7)0$+/(.$76 ;2(05&+,.'814<75(+(0
,(,02+$5(0"(&+5(.5641/27/2(0!% !%
9(4'(0%(,/,6$0*(5&+.155(0(/0.$7)-10'(05$614
,/.(//(0-$56(070'%(,!</,6
(,0*(%$76(/ +(4/15&+$.6(4*(.,()(46
2A?62/:6A?2>B2;GB:?605A2?
(04(37(0<7/4,&+6(451(,056(..(0'$B',(
4(0<9(46(810/,0<70'/$:) < 0,&+6
7D%(45&+4,66(09(4'(0
!((!'%
<;A?<992;C<?12:6;@05.9A2;
4F 8EWG 74E9 A<6;G 58GE<858A J8E78A 94??F
8F6;W7<:HA:8A98FGMH?8:8AF<A7
?@A.;9.B3
'(! 62 #B:=2 1.?3 ;605A <5;2
9\@@64826A@3\99B;4/2A?62/2;D2?12;!14'(4
0%(64,(%0$+/(/7B',(7/2(/,6'(/@4'(4/(',7/
81..56>0',*$7)*()A..69(4'(0
8< 2H?4H958GE<85 5FC8EEF6;<858E <A 78E
2H?4H9?8<GHA:?4A:F4@HA7IB??FGWA7<:e99A8AHA77<8
(H@C89h??8A458<+6;<858E<A78EEH6>?8<GHA:
HA7AG?h9GHA:F4AF6;?hFF8 e99A8A74@<G7<8
$H9G8AGJ8<6;8A>4AA
2HE /4FF8EH@JW?MHA: <@ :8F6;?BFF8A8A+LFG8@
58<78+6;<858EIB??FGWA7<:e99A8A
&46;CEh98AB5F<6;7<8/8??8IBA 4A77E8;8A?WkG
26?26=5.@2;?25@A?<::<A<?2;162?25?605AB;4
=?\32;',('74&+(,0(0)(,.$7)'(/7/2(0 *(-(00
<(,&+0(6,56
(,)$.5&+(44(+4,&+670*1614 $%5&+$.6(070'<9(,
%(.,(%,*(+$5(005&+.A55(,/1614-.(//(0-$56(0
8(46$75&+(0
(, $7*%(64,(% -@00(0 %,5 <7/ 44(,&+(0 '(4
@4'(4.(,5670*(,0,*(,076(08(4*(+(0
,(7/2(51../,6'(0$7)'(/ ;2(05&+,.'$0*(*(%(
0(0(64,(%5'$6(0(,0*(5(6<69(4'(0
7/2(0(0''47&-70'641/$7)0$+/(/,6'(0"(46(0
.$76 ;2(05&+,.'8(4*.(,&+(0**)'(0%52(445&+,(%(4,0
'(447&-.(,670*8(456(..(0
26;2;<;A.8A:6A12:Z?12?:216B:D2;;
162'2:=2?.AB?\/2?]9624A
)2?/?2;;B;4@423.5? B34?B;1 12? 5<52;
9\@@64826A@A2:=2?.AB? 8Z;;2; #B:=2;425PB@2
B;1 <A<? 26;2 5Z52?2 '2:=2?.AB? .9@ ]
2??26052;
"5;2 42264;2A2 &05BAG89261B;4 !'
%M%! <12? ./D.?A2; /6@ 162 '2692
./428\59A@6;1
?@A.;9.B3!%!%
7D+4(0,(',(5(0!14*$0*$0%(,'(07/2(0$75
F<8;8#4C
47D)(0 ,( 0$&+ '(/ 6$46814*$0* 1% )1.*(0'(
(',0*70*(0814+$0'(05,0'
,(7D&-5&+.$*-.$22()70-6,10,(46(,09$0')4(,1'(..
,(.$7)(0'(70'',(,06$0'%;%(),0'.,&+(7/2(
/7D55(05,&+4(*(./$DB,*$%9(&+5(.0'$/,6',(
4%(,655670'(0*.(,&+/$DB,*$7)%(,'( 8(46(,.6 9(4'(0
,(5(0"(&+5(./$07(..8140(+/(01'(4(,0(0$761
/$6,5&+(0(*.(4,056$..,(4(0
OFF
OFF
!+,&*3333%0+36BA:4??(4:<A4
+8<G8 &*&* *8I8GE<85F4A?8<GHA:
(,/7/2(0810 4,0-9$4/9$55(4/7D55(05,&+',(
7/2(0/,0'(56(05(,0/$.241 $*$%9(&+5(.07/
!(45&+/76<70*'(4,06$0'%;%(),0'.,&+(07/2(<7
8(4/(,'(0
(&&'!
4F8EWG@HFF<@@8E4HF:8F6;4?G8GJ8E78A
J8AA HA>G<BAFFGeEHA:8A 4H9GE8G8A +<8;8
+GeEHA:F8E@<GG?HA:
4F8EWGJHE78AFB4HF:8?8:G74FF8FB;A8
-AG8E5E86;HA:8AJ8<G8E9HA>G<BA<8E8A>4AA<8
HFF6;4?GHA:8E9B?:GAHEJ8AA74F8EWG4A;4A7
78E8AGFCE86;8A78AAG>BCC?HA:FIBEE<6;GHA:8AIB@
&8GM:8GE8AAGJ<E7F<8;85F?8>GE<F6;8E
AF6;?HFF
*%'(!
.BE=8:?<6;8E/4EGHA:F4E58<G<FG74F8EWG4Hk8E
8GE<85MHF8GM8AHA78FIBA=8:?<6;8EA8E:<8DH8??8
MHGE8AA8A
/8A78A+<8F<6; 58<@ 874E9 4A8<A8A8E94;E8A8A
?8>GE<>8EB78E,86;A<>8E
/4EGHA:F*8C4E4GHEB78E*8<A<:HA:F4E58<G8A
J8?6;858<8?8>GE<F6;8EA?4:8HAG8E+C4AAHA:
8E9B?:8A >eAA8A MH F6;J8EJ<8:8A78A 4H6;
Ge7?<6;8A-A9W??8A9hE7<8%8AF6;8A9h;E8A
/8AA 74F +GEB@>458? 58F6;W7<:G <FG 74E9 8F
H@ =87J878 894;E MH I8E@8<78A AHE IB@
8EFG8??8E 78@ #HA78A7<8AFG B78E W;A?<6;
DH4?<9<M<8EG8A(8EFBA8A4HF:8G4HF6;GJ8E78A
8<!AFG4A7F8GMHA:F4E58<G8AB78E/4EGHA:F4E58<G8A 58<
78A8A,8<?878E%4F6;<A845@BAG<8EGJ8E78A@hFF8A
@HFF74F/4EGHA:FC8EFBA4?8AGFCE86;8A7DH4?<9<M<8EG
HA7<A78E$4:8F8<A+6;4?GC?WA8HA75<?78E4HFMH?8
:8A
F<FG8@C98;?8AFJ8EG=8:?<6;87HE6;:89h;EG8A
/4EGHA:F4E58<G8A4H9MHM8<6;A8A
8< 78E /4EGHA: <FG 58FBA78E8
H9@8E>F4@>8<G MH F6;8A>8A 74@<G >8<A8
4H6; >?8<A8A E8@7>eEC8E <A 7<8 %4F6;<A8
8<A7E<A:8A J8?6;8 MH@ 8;?9HA>G<BA<8E8A
B78EMH+<6;8E;8<GF@WA:8?A9h;E8A>eAAG8A
&8;@8A +<8 >8<A8 E58<G B;A8
+6;HGM;4A7F6;H;8IBE,E4:8A+<8F6;A<GG98FG8
HA7 J4FF8E7<6;G8 4A7F6;H;8 58<@
5@BAG<8E8AHA7*8<A<:8A78F+<85FB78EIBA
4A78E8A#B@CBA8AG8A
8E 2H:4A: MHE %4F6;<A8 <FG HA589H:G8@
(8EFBA4? JW;E8A7 78E HF9h;EHA: IBA
/4EGHA:F4E58<G8AFGE8A:FG8AFI8E5BG8A
??8/4EGHA:F4E58<G8AJ8?6;8<A7<8F8@ 4A75H6;A<6;G
58F6;E<858AF<A7F<A74HFF6;?<8k?<6;IB@FC8M<4?<F<8EG8A
(8EFBA4?IBEMHA8;@8AJ8?6;8F7<E8>GIBA$(
+C:8F8A78GJ<E7
/8A78A+<8F<6;4A$(+C9hEJ8<G8E8G86;A<F6;8
!A9BE@4G<BA8Ah58E74F85E4H6;B78E7<8/4EGHA:78F
8EWG8F
"?12;A96052*.?AB;4&A.;1.?1.B@3Bk5?B;4
.BE =8:?<6;8E /4EGHA:F4E58<G <FG 74F 8EWG
IB@ +GEB@A8GM MH GE8AA8A HA7
F<6;8EMHFG8??8A 74FF 7<8 (H@C8 A<6;G
HA8EJhAF6;GJ<878EHAG8E+C4AAHA::8F8GMG
J8E78A74E9
)2?/?2;;B;4@423.5? B34?B;1 12? 5<52;
9\@@64826A@A2:=2?.AB? 8Z;;2; #B:=2;425PB@2
B;1 <A<? 26;2 5Z52?2 '2:=2?.AB? .9@ ]
2??26052;
"5;2 42264;2A2 &05BAG89261B;4 !'
%M%! <12? ./D.?A2; /6@ 162 '2692
./428\59A@6;1
*6?1162#B:=2;605A26;42@2AGA@<:B^@62/26
?<@A423.5? C<99@AP;164 2;A922?A D2?12;
!14 ",('(4,0%(64,(%0$+/( ,56 <7-10641..,(4(01% ',(
7/2('74&+!(4704(,0,*70*(0%.1&-,(46914'(0,56
7/2(9,('(4/,6'(/@4'(4/(',7/81..56>0',*$7)
)A..(0
"?12;A96052*.?AB;4&<;12?.B@3Bk5?B;42;
.BE =8:?<6;8E /4EGHA:F4E58<G <FG 74F 8EWG
IB@ +GEB@A8GM MH GE8AA8A HA7
F<6;8EMHFG8??8A 74FF 7<8 (H@C8 A<6;G
HA8EJhAF6;GJ<878E HAG8E+C4AAHA: :8F8GMG
J8E78A74E9
)2?/?2;;B;4@423.5? B34?B;1 12? 5<52;
9\@@64826A@A2:=2?.AB? 8Z;;2; #B:=2;425PB@2
B;1 <A<? 26;2 5Z52?2 '2:=2?.AB? .9@ ]
2??26052;
"5;2 42264;2A2 &05BAG89261B;4 !'
%M%! <12? ./D.?A2; /6@ 162 '2692
./428\59A@6;1
*6?1162#B:=2;605A26;42@2AGA@<:B^@62/26
?<@A423.5? C<99@AP;164 2;A922?A D2?12;
!14 ",('(4,0%(64,(%0$+/( ,56 <7-10641..,(4(01% ',(
7/2('74&+!(4704(,0,*70*(0%.1&-,(46914'(0,56
7/2(9,('(4/,6'(/@4'(4/(',7/81..56>0',*$7)
)A..(0
96;139.;@0523Bk? <1!%!%
/8AA8<A878E58<78A?8>GEBCH@C8A:8J4EG8GJ8E78A
@HFF>4AA8<A#HCC?HA:F9?4AF6; 'CG<BA 8<A:8F8GMG
J8E78A74@<G7<84A78E8(H@C8J8<G8E4E58<G8A>4AA
2:<;A.4212?;9.42
.BE78E8@BAG4:87<8+4H:HA7EH6>F6;<858EF6;
?<8k8A
2:<;A.4212?#B:=2
.BE8@BAG4:85FC8EEBE:4A8IBEHA7;<AG8E78@
::E8:4GF6;?<8k8AHA7(H@C88AG?88E8A
8@BAG4:8HA7%BAG4:8HAG8E2H;<?98A4;@878F
+6;A<GG5<?78F7HE6;9h;E8A
8<HF54H78F%BGBEF@<G78A$4H9G8<?8A>4AA74F
(H@C8A:8;WHF8<A78E*B;E?8<GHA:I8E5?8<58A
&46;$eF8A78E+86;F>4AG@HGG8EA>4AA78E
%BGBE@<G78@$4H9E4745:854HGJ8E78A
!'&"%(!
HEBCW<F6;8E*<6;G?<A<8
-/
<8 .8EF6;EBGGHA: 78F 8EWG8F @HFF 7HE6;
-AG8EA8;@8A8E9B?:8AJ8?6;84H9 78E.8EF6;EBGGHA:
IBA%8G4??CEB7H>G8AFC8M<4?<F<8EGF<A7
8<78EAGFBE:HA:F<A7FW@G?<6;88<AF6;?W:<:8
.BEF6;E<9G8AMH5846;G8AJ8?6;8<@H9FG8??HA:F?4A7
78E %4F6;<A8 :8?G8A FBJ<8 4??8 <AG8EA4G<BA4?8
-@J8?GF6;HGMIBEF6;E<9G8A
%&'-'
[email protected]/2@A299B;4
8<78E8FG8??HA:IBAEF4GMG8<?8AF<A78M8<6;AHA:
(BF<G<BAFAH@@8E4H978E+6;A<GG4HFF<6;GHA77<84G8A
4H978@#8AAF6;<?7,LC4GH@HA7#8AAAH@@8E
4AMH:858A
<88FG8??HA:>4AAG8?89BA<F6;C8E4KB78EC8E
%4<?4A$(+C:8F8A78GJ8E78A
OA78EHA:8AIBE58;4?G8A
OFF
OFF
i
i
OFF
ON
!+,&*3333%0+36BA:4??(4:<A4
+8<G8 &*&* *8I8GE<85F4A?8<GHA:
%(!
*%!(!.BE=8:?<6;8AE58<G8A4A78E(H@C8B78E78@%BGBEHA587<A:+GEB@I8EFBE:HA:45F6;4?G8A
<8(H@C874E9A<6;G4H6;A<6;G>HEMM8<G<:B;A8eE78E@87<H@58GE<858AJ8E78A
<887<8AHA:F4A?8<GHA:<FG:8A4HMH5846;G8A4??F8E9BE78E?<6;8<A8A4HGBE<F<8EG8A+8EI<8C4EGA8E;<AMHM<8;8A
OFF
2592?
8E%BGBE
FG4EG8GA<6;G
(H@C8
5?B6><8EG
<8(H@C8
?WH9G=87B6;J<E7
>8<A/4FF8E
:89eE78EG
2H:8E<A:8
-A:8Je;A?<6;8
8EWHF6;8HA7
.<5E4G<BA78E
-A7<6;G<:>8<G4A
78E
/8??8A457<6;GHA:
eE78E@8A:8
(H@C8
Z496052([email protected];
44?F6;8+C4AAHA:FI8EFBE:HA:
54?F6;8E8?8>GE<F6;8EAF6;?HFF
6<8%BGBEF6;HGM8<AE<6;GHA:FCE<A:G8<A
7+<6;8EHA:8A7898>GB78E4HF:8?eFG
8/8??85?B6><8EG
94??F 4??8 MHIBE :8A4AAG8A %e:?<6;>8<G8A
H†58ECEH†9GJHE78A ?<8:G8IG? 8<A7898>G78F
%BGBEFIBE
4$WA:8E8+G<??FGWA78
5+B?<78#eEC8EF<A7<AF$4H9E478<A:87EHA:8A
6$4:8E98FG
4$H9G <A 78E (H@C8A>4@@8E B78E <A 78E
+4H:?8<GHA:
5$H9G<FGJ4;EF6;8<A?<6;8<A:87EHA:8A
6HkI8AG<?5?B6><8EGB78E+4H:?8<GHA:A<6;G
IB??FGWA7<:8<A:8G4H6;G
7+4H:F8<G<:8E<?G8EI8EFGBC9G
8*h6>F6;?4:>?4CC8 58F6;W7<:G 45:8AhGMG
B78E7898>G
44F HE6;@8FF8E IBA $8<GHA:8A HA7
2H58;eE<FGMH:8E<A:
55?4:8EHA:8AB78EFB?<78#eEC8EF<A7<@
$4H9E47IBE;4A78A
6$4H9E477898>G
7.8EF6;8<k4A$4H9E47HA7B78E8;WHF8
82H;B;8E$H9G4AG8<?<@/4FF8E
9E;e;G8.<F>BF<GWG78FeE78E@87<H@F
:4?F6;8E8;E<6;GHA:
;*h6>F6;?4:>?4CC8 58F6;W7<:G 45:8AhGMG
B78E7898>G
4%BGB?4:8E7898>G
58;?8E78E+C4AAHA:FI8EFBE:HA:
4898>G <A9B?:8 IBA ,EB6>8A?4H9 B78E
I8E>?858A78E?8<G9?W6;8A
5?8<G9?W6;8A7H6;45E4F<I8 (4EG<>8? 7898>G
*<898A5<?78A<A?4H9FCHE8A
64?F6;8?8<GE<A:7<6;GHA:9H†E7<8IBE?<8:8A78
AJ8A7HA::8JW;?G
7,EBC98A5<?7HA:4A778E/8??8A457<6;GHA:
58<@ 89H†??8A 78E (H@C8 2H :8E<A:8E
$8<GHA:FDH8EF6;A<GG
Z4960522592?/2@26AB;4
4S58ECEh98A+<8B57<8&8GM9E8DH8AMHA7FC4AAHA::88<:A8GF<A7
5.8E5<A78A+<878A+C8<FHA:F>458?F46;:8E86;G
S58ECEh98A+<87<88<A:8FG8??G8A(4E4@8G8E78F/WE@8F6;HGM8F
6S58ECEh98A+<87<8+GEB@I8EFBE:HA:
.8E:8J<FF8EA+<8F<6;74FF7<8(H@C8AJ8??89E8<7E8;G
S58ECEh98A+<87<88<A:8FG8??G8A(4E4@8G8E78F/WE@8F6;HGM8F
7EF8GM8A+<87<8+6;@8?MF<6;8EHA:8A589B?:8A+<874AA7<8(HA>G84HA76
8+<8;8ê?B6><8EG8(H@C8u
9*8C4E<8E8A5MJ8EF8GM8A+<878A%BGBE
4AGE<8:8?A+<87<8 (H@C8<A78@+<8 4H97<8#8E58 4A78E <AG8EF8<G878E
/8??88<A:E8<98A
5AG98EA8A+<84??8FB?<78#eEC8EIB@!AA8E8A78F$4H9E478F
6EF8GM8A+<87<8$4:8E
4
AG98EA8A+<87<8$H9GIBA78E(H@C8HA7B78EE8:8?A+<874FEH6>I8AG<?A46;
5-A7<6;G8 +G8??8 FH6;8A HA7 IB??FGWA7<: 457<6;G8A B78E +4H:?8<GHA:
8EF8GM8A
6HkI8AG<?E8<A<:8AB78E8EF8GM8A+4H:?8<GHA:4A7<8eE78E?8<FGHA:78E
(H@C84AC4FF8A
7<?G8EE8<A<:8AB78E94??F8E9BE78E?<6;8EF8GM8A+<8;84H6;(HA>G5
8<8*H†6>F6;?4:>?4CC88EF8GM8A
4.8EJ8A78A+<8.8EEB;EHA:HA7E@4GHE8A8AGFCE86;8A7!;E8EAJ8A7HA:
5*8<A<:8A+<874F$4H9E47HA754H8A+<88<A8AAF4H:9<?G8E8<A
6EF8GM8A+<874F$4H9E47
7$4H9E47HA7(H@C8A:8;WHF88EF8GM8A
8R99A8AHA7F6;?<8k8A+<878A<A:4A:FF6;<858EJ<878E;B?G
9(H@C8 >4AA A<6;G I8EJ8A78G J8E78A 4HG;BE<F<8EG8A +8EI<68C4EGA8E
;<AMHM<8;8A
:,4HF6;8A+<87<8AF6;?hFF84A78E#?8@@8A?8<FG8
;<8*H†6>F6;?4:>?4CC88EF8GM8A
4$4:8E8EF8GM8A
5
S58ECEH†98A78E+C4AAHA:FI8EFBE:HA:+<8;8,LC8AF6;<?778F%BGBEF
EF8GM8A+<858<78AW??8A45HA767<8<6;GHA:
4.8E:8J<FF8EA+<8 F<6;74FF74F (H@C8A:8;WHF8IB??IBA ?hFF<:>8<G<FG
HA774FF7<8$H9GIB??>B@@8A8AG98EAGJBE78A<FG
5+4H:F8<G<:8A <?G8E <AFG4??<8E8A HA7 ::9 HFJ4;? 8<A8E FC8M<8??8A
/8??8A457<6;GHA:9H†E74FeE78E@87<H@
6HFJ4;?8<A8E57<6;GHA:9H†E7<8IBE;4A78A8AJ8A7HA:
7/4EG8A5<FF<6;7<8<6;GHA:58<@+G4EG4HF:8E<6;G8G;4G4??F74F(EB5?8@
J8<G8E58FG8;GF<8;8(HA>G45BE6
!+,&*3333%0+36BA:4??(4:<A4
(4:8 &*&* *8I!AFGEH6G<BAFCBHE?wHG<?<F4G<BA
LE PRÉSENT MANUEL D'INSTRUCTIONS EST PROPRIÉTÉ
DE CALPEDA S.p.A.
TOUTE REPRODUCTION, MÊME
PARTIELLE, EST INTERDITE
!+
!&'*%,!'&+Q&Q*$+
+*!(,!'&, &!)-
*,Q*!+,!)-+, &!)-+
+Q-*!,Q
,*&+('*,,%&-,&,!'&
!&+,$$,!'&
Q%**,%($'!
%!&,&&
Q%&,y$%&,
(!y+* &
* * (&&+
&&0+
<@8AF<BAF8GCB<7F
8F6E<CG<BA78FC<\68F
8FF<AF8AF86G<BA
BC<878?47[6?4E4G<BA786BA9BE@<G[
!"% '"!&K!K%&
I4AG7HG<?<F8E?8CEB7H<G?<E84GG8AG<I8@8AG?8F4I8E
G<FF8@8AGF8G?8F<AFGEH6G<BAF7BAA[F74AF68
@4AH8?DH<7B<G]GE86BAF8EI[8A5BA[G4G8A IH8
7H?G[E<8HE8F6BAFH?G4G<BAF
$4?4A:H87BE<:<A878E[746G<BA7H@4AH8?8FG?<G4?<8ADH<
98E49B<8A64F787[9BE@4G<BAF78GE47H6G<BA
$8@4AH8?94<GC4EG<8<AG[:E4AG878?4CC4E8<?6B@@8
@4G[E<8?8FF8AG<8?78F[6HE<G[8G7B<G]GE86BAF8EI[
=HFDH4H7[@4AG\?8@8AG9<A4?7HCEB7H<G
A64F78C8EG8?6;8G8HEC8HG78@4A78EHA86BC<8
7H@4AH8?U4?C874+C8AFC[6<9<4AG?8GLC878
CEB7H<G<A7<DH[FHE?[G<DH8GG878?4@46;<A8*[9
%4EDH4:8
A64F 78 @B7<9<64G<BAFBH 74?G[E4G<BAF ABA4HGBE<
F[8FC4E?8BAFGEH6G8HE78?4CC4E8<?BH78F8F6B@
CBF4AGF?4u[6?4E4G<BAv8G?4:4E4AG<8 A8 FBAG
C?HFI4?<78F
8G4CC4E8<?[?86GEB@[A4:8EC8HG
]GE8HG<?<M8C4E78F8A94AGFV:[F78
C?HF784AF8GC4E78FC8EFBAA8F
7BAG?8F64C46<G<8FC;LF<DH8FF8A
FBE<8??8FBH@8AG4?8FFBAGE[7H<G8F
BH8A6BE8F4AF?8KC[E<8A68BH?4
6BAA4<FF4A68A[68FF4<E8@4<FFBHF
?[GEB<G8FHEI8<??4A687HA47H?G8
E8FCBAF45?8BH4CE\FDH868FC8E
FBAA8F4<8AGE8ZH78F<AFGEH6G<BAF
E8?4G<I8FUHA8HG<?<F4G<BA8AGBHG8
F[6HE<G[78?4CC4E8<?8G6B@CE<F?8F
74A:8EFDH<?H<FBAG<A;[E8AGF
$8F8A94AGFA87B<I8AGC4F=BH8E
4I86?4CC4E8<?
$8A8GGBL4:88G?8AGE8G<8A78?4CC4
E8<?7B<I8AG]GE889986GH[FC4E?HG<?<F4
G8HE!?FA87B<I8AGC4F]GE889986GH[F
C4E78F8A94AGFF4AFFHEI8<??4A68
&8C4FHG<?<F8E?w4CC4E8<?74AF78F
[G4A:F78F6HI8FBH78FC<F6<A8F
DH4A778FC8EFBAA8FFBAG74AF?w84H
$<F8M4GG8AG<I8@8AG?4F86G<BA7<A
FG4??4G<BADH<[ABA68
$4CE8FF<BAFGEH6GHE8??878GE4I4<?
@4K<@4?847@<F874AF?86BECF78
CB@C86;4C<GE8
$8GLC88G?4F86G<BA7H6V5?874?<
@8AG4G<BA6;4C<GE8
$8GLC878CEBG86G<BA[?86GE<DH8U
<AFG4??8E6;4C<GE8
#60A<4?.::2@BA696@S@
(BHEHA86B@CE[;8AF<BAC?HF946<?8?8FFL@5B?8FC<6GB
:E4@@8F6<78FFBHFFBAGHG<?<F[F74AF?8@4AH8?
!A9BE@4G<BAF 8G 4I8EG<FF8@8AGF 78I4AG ]GE8
E8FC86G[FF<ABA<?FFBAG?464HF8787B@@4:8F
U ?4CC4E8<? 8G 6B@CEB@8GG8AG ?4 F[6HE<G[ 7H
C8EFBAA8?
!A9BE@4G<BAF 8G 4I8EG<FF8@8AGF 78 64E46G\E8
[?86GE<DH8 DH< F<?F A8 FBAG C4F E8FC86G[F
C8HI8AG 64HF8E 78F 7B@@4:8F U ?4CC4E8<? 8G
6B@CEB@8GGE8?4F[6HE<G[7HC8EFBAA8?
!A7<64G<BAF78ABG8F8G74I8EG<FF8@8AGFCBHE
:[E8E6BEE86G8@8AG?4CC4E8<?8GF8F[?[@8AGF
!AG8EI8AG<BAFDH8?HG<?<F4G8HE9<A4?78?4CC4E8<?4
?8 7EB<G 78 E[4?<F8E CE\F 4IB<E ?H ?8F
<AFGEH6G<BAF 8FG E8FCBAF45?8 78 ?8AGE8G<8A 7H
CEB7H<G 8A 6BA7<G<BAF ABE@4?8F 7HG<?<F4G<BA !?
8FG 4HGBE<F[ U 89986GH8E 78F BC[E4G<BAF 78
@4<AG8A4A68BE7<A4<E8
!AG8EI8AG<BAF E[4?<F45?8F F8H?8@8AG C4E HA
[?86GE<6<8A
DH4?<9<[ ;45<?<G[ U GBHG8F ?8F
<AG8EI8AG<BAF78@4<AG8A4A688G78E[C4E4G<BA78
A4GHE8[?86GE<DH8!?8FG8A@8FHE87<AG8EI8A<E8A
CE[F8A6878G8AF<BA[?86GE<DH8
!AG8EI8AG<BAF E[4?<F45?8F F8H?8@8AG C4E HA
G86;A<6<8A DH4?<9<[ 64C45?8 7<AFG4??8E 8G
7HG<?<F8E 6BEE86G8@8AG ?4CC4E8<? ?BEF 78
6BA7<G<BAF ABE@4?8F ;45<?<G[ U GBHG8F ?8F
<AG8EI8AG<BAF78@4<AG8A4A6878E[:H?4G<BA8G
78E[C4E4G<BA78A4GHE8@[64A<DH8!?7B<G]GE8
8A @8FHE8 789986GH8E 78 F<@C?8F
<AG8EI8AG<BAF [?86GE<DH8F 8G @[64A<DH8F 8A
E8?4G<BA4I86?4@4<AG8A4A688KGE4BE7<A4<E878
?4CC4E8<?
'5?<:4G<BA7HCBEG78F7<FCBF<G<9F78CEBG86G<BA
<A7<I<7H8??8CEBG86G<BA78F@4<AF
'5?<:4G<BA7HCBEG78F7<FCBF<G<9F78CEBG86G<BA
<A7<I<7H8??8CEBG86G<BA78FL8HK
!AG8EI8AG<BAF E[4?<F45?8F F8H?8@8AG 4I86
?4CC4E8<? [G8<AG 8G 7[5E4A6;[ 78F FBHE68F
7[A8E:<8
!AG8EI8AG<BAF E[4?<F45?8F F8H?8@8AG 4I86
?4CC4E8<?4??H@[
%.6@<;@<06.922A.1?2@@21B<;@A?B0A2B?
*4<FBAFB6<4?84?C874+C
7E8FF8.<4*B::<47<%8MMB
%BAGBEFB.<68AG<AB.<68AM4!G4?<8
JJJ64?C874<G
i
OFF
ON
!+,&*3333%0+36BA:4??(4:<A4
Other manuals for NR
3
This manual suits for next models
3
Table of contents
Languages:
Other Calpeda Water Pump manuals
Calpeda
Calpeda MXV-B User manual
Calpeda
Calpeda NCED HS Series User manual
Calpeda
Calpeda NR User manual
Calpeda
Calpeda NM User manual
Calpeda
Calpeda GM User manual
Calpeda
Calpeda NR User manual
Calpeda
Calpeda Unimat-E Series Guide
Calpeda
Calpeda NM User manual
Calpeda
Calpeda MXV-B, MXV, MXVL, MXVL4, MXV4 User manual
Calpeda
Calpeda GQ Series User manual
Calpeda
Calpeda NCE HF User manual
Calpeda
Calpeda MXV-B Series User manual
Calpeda
Calpeda MXS User manual
Calpeda
Calpeda NGX User manual
Calpeda
Calpeda GX ZERO User manual
Calpeda
Calpeda MP Series User manual
Calpeda
Calpeda NM User manual
Calpeda
Calpeda NCEH User manual
Calpeda
Calpeda e-idos E-MPSM 304 SQ User manual
Calpeda
Calpeda MXSU User manual
