Herunterladen Diese Seite drucken

Werbung

%HGLHQXQJVDQOHLWXQJ
2SHUDWLQJLQVWUXFWLRQV
(UJROLQH(UJROLQH8OWUD
GHXWVFKHQJOLVFK

,QGH[B'*%

Werbung

loading

Inhaltszusammenfassung für ergoline 8000

  • Seite 1 %HGLHQXQJVDQOHLWXQJ 2SHUDWLQJLQVWUXFWLRQV (UJROLQH(UJROLQH8OWUD GHXWVFKHQJOLVFK ,QGH[B'*% ...
  • Seite 3 ,QKDOWVYHU]HLFKQLV&RQWHQWV (LQOHLWXQJXQG9RUVFKULIWHQ  ,QWURGXFWLRQDQGUHJXODWLRQV 5LFKWOLQLHQ  'LUHFWLYHV   %HVWLPPXQJVJHPl‰H9HUZHQGXQJ   8VHDVGLUHFWHG   %HGHXWXQJGHU6\PEROLN  0HDQLQJRIV\PEROV   6LFKHUKHLWVXQG*HIDKUHQKLQZHLVH   6DIHW\DQGKD]DUGZDUQLQJV  $OOJHPHLQH%HVRQQXQJVDQOHLWXQJ *HQHUDOVXQWDQQLQJLQVWUXFWLRQV (PSIRKOHQH%UlXQXQJV]HLWHQ  5HFRPPHQGHGWDQQLQJWLPHV %HGLHQXQJ  2SHUDWLRQ  :DUWXQJ 0DLQWHQDQFH  0|JOLFKH6W|UXQJHQXQGLKUH%HVHLWLJXQJ  7UDFLQJDQGFRUUHFWLQJIDXOWV  /DPSHQEHVWFNXQJGHU%UlXQHU  /DPSVXVHGRQWKHVXQEHGV  *DUDQWLHEHGLQJXQJHQ ...
  • Seite 4 (LQOHLWXQJXQG9RUVFKULIWHQ /LHEHU-..XQGH %HGHXWXQJGHU6\PEROLN 0LWGHU:DKOHLQHV-.(UJROLQH%UlXQHUVKDEHQ6LHVLFKIUHLQWHFKQLVFKKRFKHQWZLFNHOWHVXQGOHLVWXQJVVWDUNHV *HIDKUHQKLQZHLVH :DUQXQJ *HUlWHQWVFKLHGHQ,KU%UlXQHULVWEHL-.PLWJU|‰WHU6RUJIDOWXQG3Ul]LVLRQKHUJHVWHOOWZRUGHQXQGKDW]DKOUHLFKH *HIDKUYRQ3HUVRQHQVFKlGHQ 4XDOLWlWVXQG6LFKHUKHLWVNRQWUROOHQGXUFKODXIHQ:LUKDEHQDOOHVJHWDQXPHLQHQVW|UXQJVIUHLHQXQGVLFKHUHQ $FKWXQJ %HWULHE,KUHV%UlXQHUV]XJHZlKUOHLVWHQ$EHUDXFK6LHVHOEVWN|QQHQZHVHQWOLFKGD]XEHLWUDJHQGD‰6LHPLW *HIDKUYRQ6DFKXQG8PZHOWVFKlGHQ ,KUHP%UlXQHUODQJH=HLW]XIULHGHQVLQG%LWWHOHVHQ6LHDOOH,QIRUPDWLRQHQDXIPHUNVDPGXUFK:HQQ6LHGLH7LSV XQG+LQZHLVHGHU%HGLHQXQJVDQOHLWXQJEHIROJHQZLUG,KQHQ,KU-.%UlXQHUHLQH0HQJH6SD‰XQG)UHXGH 9RUVLFKWHOHNWULVFKH6SDQQXQJ EULQJHQ6ROOWHQ6LHWURW]GHPHLQPDO3UREOHPHPLW,KUHP%UlXQHUKDEHQGDQQVFKUHLEHQ6LHRGHUUXIHQ6LH *HIDKUYRQ3HUVRQHQVFKlGHQGXUFKHOHNWULVFKH6SDQQXQJ HLQIDFKDQ -.(UJROLQH*PE+.|KOHUVKRKQHU6WUD‰H ':LQGKDJHQ7HO)D[ :LFKWLJH,QIRUPDWLRQHQ 5LFKWOLQLHQ 'LHVHU-.(UJROLQH%UlXQHUZXUGHQDFKIROJHQGHQ9RUVFKULIWHQJHEDXW • (*5LFKWOLQLHHOHNWURPDJQHWLVFKH9HUWUlJOLFKNHLW(:* QDFKGHU]XU=HLWJOWLJHQ)DVVXQJ 6LFKHUKHLWVXQG*HIDKUHQKLQZHLVH • 1LHGHUVSDQQXQJVULFKWOLQLHQ(:* QDFKGHU]XU=HLWJOWLJHQ)DVVXQJ • 'DV-.%UlXQXQJVJHUlWGDUIQXUGXUFKHQWVSUHFKHQGXQWHUZLHVHQHVHUIDKUHQHV3HUVRQDOPRQWLHUWXQG DXIJHVWHOOWZHUGHQ $FKWXQJ • $OOHDP%UlXQXQJVJHUlWDQJHEUDFKWHQ*HIDKUHQXQG6LFKHUKHLWVKLQZHLVHVLQG]XEHDFKWHQ :LUZHLVHQGDUDXIKLQGD‰GLH*HUlWHDXVVFKOLH‰OLFKIUGHQHXURSlLVFKHQ0DUNWEHVWLPPWVLQGXQG • (VGUIHQNHLQH6LFKHUKHLWVHLQULFKWXQJHQXQG6LFKHUKHLWVKLQZHLVHHQWIHUQWE]ZDX‰HU.UDIWJHVHW]WZHUGHQ QLFKWLQGLH86$RGHUQDFK.DQDGDH[SRUWLHUWXQGGRUWEHWULHEHQZHUGHQGUIHQ%HL1LFKWEHDFKWXQJ GLHGHQVLFKHUHQ%HWULHEGHV%UlXQXQJVJHUlWHVEHHLQWUlFKWLJHQN|QQHQ GLHVHV+LQZHLVHVZLUGNHLQH+DIWXQJEHUQRPPHQ •...
  • Seite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• (&'LUHFWLYHRQ(OHFWURPDJQHWLFFRPSDWLELOLW\((& DVDPHQGHG 6DIHW\DQGKD]DUGZDUQLQJV • /RZYROWDJH'LUHFWLYHV((& DVDPHQGHG • 7KH-.VXQEHGPXVWRQO\EHDVVHPEOHGDQGLQVWDOOHGE\DSSURSULDWHO\WUDLQHGH[SHULHQFHGSHUVRQQHO • $OOKD]DUGDQGVDIHW\ZDUQLQJVDIIL[HGWRWKHVXQEHGPXVWEHREVHUYHG $WWHQWLRQ • 1RQHRIWKHVDIHW\GHYLFHVDQGVDIHW\ZDUQLQJVSRVVLEO\DIIHFWLQJWKHVDIHRSHUDWLRQRIWKH V XQEHGPXVWEH 3OHDVHQRWHWKDWWKHVHVXQEHGVDUHLQWHQGHGVDIHO\IRUWKH(XURSHDQPDUNHWDQGPXVWQRWEH H[SRUWHGWRWKH86$RU&DQDGDRURSHUDWHGWKHUH1ROLDELOLW\ZLOOEHDFFHSWHGLQWKHHYHQWRIDQ\ UHPRYHGRUWDNHQRXWRIRSHUDWLRQ IDLOXUHWRREVHUYHWKLVQRWLFH • 7KHVXQEHGPXVWRQO\EHRSHUDWHGLILWLVLQSHUIHFWZRUNLQJRUGHU $WWHQWLRQ 8VHDVGLUHFWHG 7KHVDIHW\UHOLDELOLW\DQGSHUIRUPDQFHRIWKHVXQEHGZLOORQO\EHJXDUDQWHHGLI...
  • Seite 6 $OOJHPHLQH%HVRQQXQJVDQOHLWXQJ :HUZLUGEUDXQ" $OOJHPHLQH6FKXW]KLQZHLVH -HGHUGHUDXFKLQGHUQDWUOLFKHQ6RQQHEUlXQW3HUVRQHQPLWHPSILQGOLFKHU+DXWEUlXQHQVRJDUDQJHQHKPHU • /HVHQ6LHVRUJIlOWLJGLH-.7LSVIUGDVULFKWLJH%UlXQHQ'RUWILQGHQ6LHZHLWHUH5HJHOQXQG+LQZHLVH XQGVRUJHQIUHLHUZHLOEHL-.%UlXQXQJVJHUlWHQGLH6WUDKOHQGRVLVJHQDXGHILQLHUWZHUGHQNDQQ • %HQXW]HQ6LHGHQ%UlXQHUQLFKWZHQQGLH=HLWVFKDOWXKUIHKOHUKDIWLVWRGHUGLH)LOWHUVFKHLEHQ]HUEURFKHQ :HOFKH%UlXQXQJV]HLWHQVLQGHPSIHKOHQVZHUW" VLQG 2EZRKOPDQEHLGHU89%UlXQXQJVPHWKRGHNDXPHLQHQ6RQQHQEUDQGEHIUFKWHQPX‰VROOWHPDQDQIDQJV • ,Q)lOOHQEHVRQGHUHU(PSILQGOLFKNHLWGHV(LQ]HOQHQJHJHQ89%HVWUDKOXQJXQGGDQQZHQQEHVWLPPWH HWZDV5FNVLFKWDXIGLHLQGLYLGXHOOH(PSILQGOLFKNHLWGHU+DXWQHKPHQ 0HGLNDPHQWHRGHU.RVPHWLNDYHUZHQGHWZHUGHQLVWEHVRQGHUH9RUVLFKWJHERWHQ :DUQXQJ • (QWIHUQHQ6LH.RVPHWLNDUHFKW]HLWLJYRUGHP%UlXQHQXQGYHUZHQGHQ6LHNHLQHUOHL6RQQHQVFKXW]PLWWHO *HIDKUYRQ+DXWYHUOHW]XQJHQXQG+DXWHUNUDQNXQJHQ • %UlXQHQ6LHQLFKWEHL(LQQDKPHYRQ0HGLNDPHQWHQZHOFKHGLH+DXWHPSILQGOLFKNHLWJHJHQ896WUDKOHQ %HDFKWHQ6LHGLHHPSIRKOHQHQ%UlXQXQJV]HLWHQDXI6HLWH HUK|KHQIUDJHQ6LHLP=ZHLIHOVIDOO,KUHQ$U]W :LHYLHOH%UlXQXQJVElGHUEUDXFKWPDQ" • 6XFKHQ6LHGHQ$U]WDXIZHQQVLFKKDUWQlFNLJH6FKZHOOXQJHQZXQGH6WHOOHQRGHUSLJPHQWLHUWH/HEHUIOHN $XFKKLHUNRPPWHVQDWUOLFKDXIHLQHLQGLYLGXHOOH%UlXQXQJVIlKLJNHLWGHU+DXWDQZLHLQGHU6RQQHXQWHU NHQDXIGHU+DXWELOGHQ IUHLHP+LPPHO,QGHU5HJHOKDWHLQHQRUPDOEUlXQHQGH+DXWQDFKELV%UlXQXQJVElGHUQYRQELV 0LQXWHQHLQHZXQGHUVFK|QHHEHQPl‰LJH7|QXQJHUUHLFKW'LHHUVWHQ%UlXQXQJVElGHUVROOWHQMHGHQ]ZHLWHQ7DJ • 9HUZHQGHQ6LHVWHWVGLHPLWJHOLHIHUWH896FKXW]EULOOH$QGHQ$XJHQOLQVHQRSHULHUWH3HUVRQHQPVVHQ JHQRPPHQZHUGHQ8PGLHHLQPDOHUUHLFKWH%UlXQH]XHUKDOWHQJHQJHQQRUPDOHUZHLVHELV XQEHGLQJWHLQH89XQGXUFKOlVVLJH6FKXW]EULOOHWUDJHQXPHLQH*HIlKUGXQJGHU$XJHQDXV]XVFKOLH‰HQ %UlXQXQJVElGHUSUR:RFKH • 1HKPHQ6LHLQ6WXQGHQQLFKWPHKUDOVHLQ%UlXQXQJVEDGMH.|USHUWHLO1HKPHQ6LHQLFKW]XVlW]OLFKDP 6ROOPDQHLQH6RQQHQFUHPHEHQXW]HQ" JOHLFKHQ7DJHLQ6RQQHQEDG 1HLQ.RVPHWLVFKH6RQQHQFUHPHVPLW/LFKWVFKXW]IDNWRUVROOHQGLHDJJUHVVLYH6WUDKOHQGHU6RQQHZHJILOWHUQ •...
  • Seite 7 *HQHUDOVXQWDQQLQJLQVWUXFWLRQV :KRFDQJHWDWDQ" • &DUHIXOO\UHDGWKURXJKWKH-.QRWHVRQWDQQLQJSURSHUO\ZKHUH\RXZLOOILQGPRUHGHWDLOHGUXOHVDQG DGYLFHV $Q\RQHZKRFDQJHWDWDQLQQDWXUDOVXQVKLQH3HRSOHZLWKVHQVLWLYHVNLQFDQHYHQWDQPRUHJHQWO\EHFDXVH - . VXQEHGVWDQWKHVNLQZLWKYLUWXDOO\QR89UD\VZKLFKFDXVHVXQEXUQ • 'RQRWXVHWKHVXQEHGLIWKHWLPHULVGHIHFWLYHRUHLWKHURIWKHILOWHUSDQHOVLVEURNHQ :KDWDUHWKHUHFRPPHQGHGH[SRVXUHSHULRGV" • 6SHFLDOFDUHVKRXOGEHH[HUFLVHGLIWKHXVHULVSDUWLFXODUO\VHQVLWLYHWR89OLJKWDQGLIFHUWDLQPHGLFDWLRQRU $OWKRXJKWKH89WDQQLQJPHWKRGYLUWXDOO\DYRLGVWKHULVNRIVXQEXUQDFHUWDLQDPRXQWRIFRQVL G HUDWLRQPXVWEH FRVPHWLFVKDYHEHHQXVHG JLYHQWRWKHLQGLYLGXDO VVNLQVHQVLWLYLW\GXULQJWKHLQLWLDOSKDVH • 5HPRYHFRVPHWLFVZHOOEHIRUHVXQEDWKLQJDQGGRQRWXVHVXQWDQORWLRQVRUFUHDPV :DUQLQJ • 'RQRWXVHWKHVXQEHGZKHQWDNLQJPHGLFDWLRQWKDWLQFUHDVHWKHVNLQ·VVHQVLWLYLW\WR89OLJKWLQFDVHVRI 'DQJHURIVNLQLQMXU\DQGGLVHDVH GRXEWFRQVXOW\RXUGRFWRU )ROORZWKHUHFRPPHQGHGWDQQLQJWLPHVRQSDJH • &RQVXOW\RXUGRFWRULISHUVLVWHQWVZHOOLQJVRUHSDWFKHVRUSLJPHQWHGOLYHUVSRWVDSSHDURQWKHVNLQ +RZPDQ\WDQQLQJVHVVLRQVDUHQHFHVVDU\" 7KLVZLOORIFRXUVHDOVRGHSHQGRQWKHWDQQLQJFDSDELOLW\RIWKHLQGLYLGXDOVVNLQMXVWDVLQQDWXUDOVXQVKLQH • $OZD\VXVHWKHJRJJOHVVXSSOLHG,WLVDEVROXWHO\HVVHQWLDOWKDWXVHUVZKRKDYHKDGDQRSHUDWLRQRQWKHOHQV *HQHUDOO\DQRUPDOWDQQLQJVNLQZLOOKDYHDFKLHYHGDQDWWUDFWLYHDQGHYHQWDQDIWHUWKUHHWRILYHWDQQLQJ RIWKHH\HZHDU89LPSHUPHDEOHJRJJOHVLQRUGHUWRSUHYHQWDQ\GDPDJHWRWKHH\HV VHVVLRQVRIWRPLQXWHV GHSHQGLQJRQVNLQW\SH ,QLWLDOO\WDQQLQJVKRXOGWDNHSODFHHYHU\VHFRQGGD\ • 'RQRWH[SRVHDQ\SDUWRIWKHERG\WRPRUHWKDQRQHWDQQLQJVHVVLRQLQKRXUV'RQRWWRSXSDWDQRQ 1RUPDOO\RQHWRWZRWDQQLQJVHVVLRQVSHUZHHNDUHVXIILFLHQWWRUHWDLQDWDQRQFHLWKDVEHHQDFKLHYHG WKHVDPHGD\ ,VLWQHFHVVDU\WRXVHVXQORWLRQ"...
  • Seite 8 (PSIRKOHQH%UlXQXQJV]HLWHQ :DUQXQJ +DXWW\SHQ KHOO ,, QRUPDO ,,, GXQNHO ,9 *HIDKUYRQ+DXWXQG$XJHQYHUOHW]XQJHQ %UlXQXQJVZLUNXQJ QRUPDO VFKQHOO VFKQHOO • (VJLEWHLQLJHLQQHUOLFKRGHUlX‰HUOLFKDQ]XZHQGHQGH0HGLNDPHQWHZHOFKHGLH(PSILQGOLFKNHLW 6RQQHQEUDQG 6RQQHQHPSILQGOLFKNHLW PHLVWHQV VHOWHQ VHOWHQ GHU+DXWJHJHQEHU896WUDKOHQHUKHEOLFKVWHLJHUQN|QQHQ=XP%HLVSLHO$QWLELRWLND 0D[=HLWUDXPGHUQDWUOLFKHQ6RQQHQ 6XOIRQDPLGH3VRUDOHQHZLH0HODQLQ9LWDPLQ$6lXUHXQG'HULYDWH:lKUHQGXQGNXU]QDFK EHVWUDKOXQJ RKQH/LFKWVFKXW]PLWWHO ELV]XU FDPLQ FDPLQ FDPLQ GHU9HUZHQGXQJGHUDUWLJHU3UlSDUDWHVROODXI%UlXQXQJVElGHUDXFKLQGHU6RQQHYHU]LFKWHW 6RQQHQEUDQGZLUNXQJ ZHUGHQ,P=ZHLIHOVIDOOVROOWHYRUKHUGHUEHKDQGHOQGH$U]WEHIUDJWZHUGHQ PLQ PLQ PLQ %HVWUDKOXQJ • 6FKOLH‰HQ6LHZlKUHQGGHV%UlXQXQJVYRUJDQJVGLH$XJHQXQGEHQXW]HQ6LHGLHEHLJHIJWHQ PLQ PLQ PLQ %HVWUDKOXQJ 89XQGXUFKOlVVLJHQ6FKXW]EULOOHQ -.7HLOHQU  PLQ PLQ PLQ %HVWUDKOXQJ •...
  • Seite 9 5HFRPPHQGHGWDQQLQJWLPHV :DUQLQJ IDLUVNLQQHG DYHUDJH GDUNVNLQQHG 6NLQW\SHV 'DQJHURIVNLQLQMXU\DQGGLVHDVH ,, ,,, ,9 7DQQLQJHIIHFW QRUPDOWDQQLQJ IDVWWDQQLQJ IDVWWDQQLQJ •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•...
  • Seite 10 %HGLHQXQJ2SHUDWLRQ %UlXQXQJVSURJUDPPVWDUWHQ 6WDUWLQJWKHWDQQLQJSURJUDPP 'DV%UlXQXQJVSURJUDPPZLUGGXUFKGHQ(LQZXUIYRQ0Q]HQ 7KHWDQQLQJSURJUDPPHLVVWDUWHGE\LQVHUWLQJFRLQVRUWRNHQV E]Z:HUWPDUNHQRGHUEHUGLH)HUQEHGLHQXQJJHVWDUWHW RUE\PHDQVRIWKHUHPRWHFRQWURO,IWKHVXQEHGKDVEHHQ %HL$QVFKOX‰DQHLQH-.0LNURSUR]HVVRU6WHXHUXQJVFKDOWHW FRQQHFWHGXSWRD-.PLFURSURFHVVRUFRQWUROWKHV\VWHPLV VLFKGDV*HUlWQDFK$EODXIGHUHLQJHVWHOOWHQ9RUODXI]HLW VWDUWHGDXWRPDWLFDOO\DIWHUWKHZDUPXSWLPHVHWKDVUXQ DXWRPDWLVFKHLQ GRZQ • :lKUHQGGHU9RUODXI]HLWN|QQHQGLH/DPSHQGXUFK • 'XULQJWKHZDUPXSWLPHWKHODPSVFDQEHVZLWFKHGRQ 'UFNHQGHU672367$577DVWHDXIGHP%HGLHQIHOG LPPHGLDWHO\E\SUHVVLQJWKH672367$57EXWWRQRQWKH $ VRIRUWHLQJHVFKDOWHWZHUGHQ FRQWUROSDQHO $  • :lKUHQGGHU%UlXQXQJV]HLWN|QQHQGLH/DPSHQGXUFK • 'XULQJWKHWDQQLQJWLPHWKHODPSVFDQEHVZLWFKHGRII 'UFNHQGHU672367$577DVWHDXVJHVFKDOWHWXQG E\SUHVVLQJWKH672367$57EXWWRQDQGWKH\FDQEH GXUFKHUQHXWHV'UFNHQGHUJOHLFKHQ7DVWHZLHGHU VZLWFKHGRQDJDLQE\SUHVVLQJWKHVDPHEXWWRQDJDLQ HLQJHVFKDOWHWZHUGHQ %HLVRIRUWLJHP1HXVWDUWHUIROJW LQWKHHYHQWRILPPHGLDWHQHZVWDUWWKHVWDUWRIWKH GDV6WDUWHQGHU/DPSHQYHU]|JHUW  ODPSVLVGHOD\HG  :lKUHQGGHU%UlXQXQJVROOWHGDV2EHUWHLO % 'XULQJWKHWDQQLQJSHULRGWKHFDQRS\ % KHUXQWHUJHNODSSWZHUGHQ VKRXOGEHSXOOHGGRZQ %UlXQHQPLWJH|IIQHWHP%UlXQXQJVUDXPVHQNW 7DQQLQJZLWKWKHWDQQLQJFRPSDUWPHQWRSHQ GHQ:LUNXQJVJUDG UHGXFHVWKHHIILFLHQF\...
  • Seite 11 %HGLHQXQJ2SHUDWLRQ %HGLHQIHOGGHU(UJROLQH8OWUD &RQWUROSDQHORI(UJROLQH8OWUD ,QWHQVLWlWGHU*HVLFKWVEUlXQHU  ,QWHQVLW\RIWKHIDFLDOWDQQHU  'LH,QWHQVLWlWGHU*HVLFKWVEUlXQHUNDQQQDFKHLQHU $IWHURQHPLQXWHWDQQLQJWLPHWKHLQWHQVLW\RIWKH 0LQXWH%UlXQXQJV]HLWLQ6WXIHQYHUlQGHUWZHUGHQ IDFLDOWDQQHUFDQEHVHWLQIRXUVWHSV7KHVHWWLQJFDQ 'LH(LQVWHOOXQJLVWDQGHU$Q]DKOGHUOHXFKWHQGHQ EHVHHQE\WKHQXPEHURI/('VOLWDERYHWKHEXWWRQV 'LRGHQREHUKDOEGHU7DVWHQ $ ]XHUNHQQHQ $  5HJHOXQJGHU.|USHUOIWXQJ  &RQWURORIWKHERG\YHQWLODWLRQ  'LH6WlUNHGHV/XIWVWURPHVNDQQDQGHU$Q]DKOGHU 7KH LQWHQVLW\ RI WKH DLU FXUUHQW FDQ EH VHHQ E\ WKH OHXFKWHQGHQ'LRGHQREHUKDOEGHU7DVWHQ % HUNDQQW QXPEHURI/('VOLWDERYHWKHEXWWRQV %  ZHUGHQ 'HU+DQGEUlXQHUNDQQEHU7DVWHQ & DXVJHVFKDOWHW $IWHURQHPLQXWHRIWDQQLQJWKHKDQGWDQQHUFDQEH ZHUGHQQDFKGHPHLQH0LQXWHJHEUlXQWZXUGH VZLWFKHGRIIE\SUHVVLQJEXWWRQ & $IWHUDQRWKHU 1DFKHLQHUZHLWHUHQ0LQXWHNDQQGHU+DQGEUlXQHU PLQXWHWKHKDQGWDQQHUFDQEHVZLWFKHGRQDJDLQ ZLHGHUHLQJHVFKDOWHWZHUGHQ 5HJHOXQJGHU/DXWVWlUNH  &RQWURORIWKHYROXPH  volume volume hEHUGLH7DVWHQ ' NDQQGLH/DXWVWlUNHLQDFKW %\SUHVVLQJWKHEXWWRQV ' WKHYROXPHFDQEHVHWLQ...
  • Seite 12 %HGLHQXQJ2SHUDWLRQ %HGLHQIHOGGHU(UJROLQH &RQWUROSDQHORI(UJROLQH 5HJHOXQJGHU.|USHUOIWXQJ  &RQWURORIWKHERG\YHQWLODWLRQ  'LH6WlUNHGHV/XIWVWURPHVNDQQDQGHU$Q]DKO 7KHLQWHQVLW\RIWKHDLUFXUUHQWFDQEHVHHQE\WKH GHUOHXFKWHQGHQ'LRGHQREHUKDOEGHU7DVWHQ $ QXPEHURI/('VOLWDERYHWKHEXWWRQV $  HUNDQQWZHUGHQ 'HU+DQGEUlXQHUNDQQEHU7DVWHQ % $IWHURQHPLQXWHRIWDQQLQJWKHKDQGWDQQHUFDQ DXVJHVFKDOWHWZHUGHQQDFKGHPHLQH0LQXWH EHVZLWFKHGRIIE\SUHVVLQJEXWWRQ % $IWHU JHEUlXQWZXUGH DQRWKHUPLQXWHWKHKDQGWDQQHUFDQEHVZLWFKHG 1DFKHLQHUZHLWHUHQ0LQXWHNDQQGHU RQDJDLQ +DQGEUlXQHUZLHGHUHLQJHVFKDOWHWZHUGHQ 5HJHOXQJGHU/DXWVWlUNH  &RQWURORIWKHYROXPH  volume hEHUGLH7DVWHQ & NDQQGLH/DXWVWlUNHLQDFKW %\SUHVVLQJWKHEXWWRQV & WKHYROXPHFDQEH volume 6WXIHQHLQJHVWHOOWZHUGHQ VHWLQHLJKWVWHSV .DQDOZDKO  &KDQQHOVHWWLQJ  channel channel +LHUNDQQEHU7DVWHQ ' ]ZLVFKHQ +HUHHLJKWGLIIHUHQWVZLWFKVWDJHVFDQEHVHOHFWHG YHUVFKLHGHQHQ6FKDOWVWXIHQJHZlKOWZHUGHQ E\SUHVVLQJEXWWRQV '  6WXIHQ YHUVFKLHGHQH.DQlOH VWHSVWR VHYHQGLIIHUHQWFKDQQHOV 6WXIH 0XVLNDXV VWHS PXVLFRII...
  • Seite 13 %HGLHQXQJ2SHUDWLRQ )X‰DXIODJHHLQVWHOOHQ 6HWWLQJWKHIRRWUHVW :DUQXQJ :DUQLQJ *HIDKUYRQ+DXWYHUOHW]XQJRGHUHUNUDQNXQJ 'DQJHURIVNLQLQMXU\ 'DUDXIDFKWHQGD‰GLH+lQGHZlKUHQGGHV 3OHDVHPDNHVXUHWKDWWKHKDQGVKDYHDGLVWDQFH JHVDPWHQ%UlXQXQJVYRUJDQJVHLQ$EVWDQGYRQ RIDWOHDVWFPWRWKHSDQHOVRIWKHKDQGWDQQHU PLQGHVWHQVFP]XGHQ+DQGEUlXQHUVFKHLEHQ GXULQJWKHHQWLUHWDQQLQJSURFHVV6HWWKHIRRWUHVW KDEHQ)X‰DXIODJHHQWVSUHFKHQGHLQVWHOOHQ DFFRUGLQJO\ 8PGHQRSWLPDOHQ$EVWDQGGHU+lQGH]XGHQ+DQGEUlXQHUQ ,QRUGHUWRVHWWKHLGHDOGLVWDQFHEHWZHHQWKHKDQGVDQGWKH E]ZHLQHEHTXHPH6LW]SRVLWLRQ]XHUKDOWHQNDQQGLH KDQGWDQQHURUWRVHWDFRPIRUWDEOHVLWWLQJSRVLWLRQ )X‰DXIODJH $ YHUVWHOOWZHUGHQ UHVSHFWLYHO\WKHIRRWUHVW $ FDQEHDGMXVWHG • *ULII % QDFKXQWHQVFKLHEHQELVGLH$UUHWLHUXQJGHU • 3XVKKDQGOH % GRZQXQWLOWKHORFNLQJPHFKDQLVPRI )X‰DXIODJH $ JHO|VWLVWXQGGLH)X‰DXIODJH $ WKHIRRWUHVW $ LVUHOHDVHGDQGWKHIRRWUHVW $ LV GXUFK)HGHUNUDIWQDFKREHQJHGUFNWZLUG SUHVVHGXSZDUGE\WKHIRUFHRIWKHVSULQJ • %HLJHO|VWHU$UUHWLHUXQJGLH)X‰DXIODJH $ LQGLH • :KHQWKHORFNLQJPHFKDQLVPLVUHOHDVHGSXWWKHIRRWUHVW JHZQVFKWH6WHOOXQJEULQJHQXQG*ULII % LQ $ LQWKHUHTXHVWHGSRVLWLRQDQGSHUPLWKDQGOH % $XVJDQJVVWHOOXQJIHGHUQODVVHQ UHWXUQWRLWVLQLWLDOSRVLWLRQ $XVEODVULFKWXQJGHU.|USHUOIWXQJHLQVWHOOHQ 6HWWLQJWKHDLURXWOHWIRUWKHERG\YHQWLODWLRQ • 'XUFK9HUVWHOOHQGHU/DPHOOHQ $ NDQQGLH5LFKWXQJ •...
  • Seite 14 %HGLHQXQJ2SHUDWLRQ 6FKULIWEHOHXFKWXQJHLQDXVVFKDOWHQ 6ZLWFKLQJWKHLOOXPLQDWHGOHWWHULQJRQDQGRII $X‰HUKDOEHLQHV%UlXQXQJVSURJUDPPHVLVWGLH6FKULIWEH ,IWKHWDQQLQJSURJUDPPHLVQRWUXQQLQJWKHLOOXPLQDWHG OHXFKWXQJ $ LPPHUDQHVVHLGHQQVLHZXUGHZLHIROJW OHWWHULQJ $ LVDOZD\VRQXQOHVVLWKDVEHHQVZLWFKHGRIIDV EHVFKULHEHQDXVJHVFKDOWHW GHVFULEHGEHORZ • 1DFKGHP/IWHUQDFKODXINDQQGLH6FKULIWEHOHXFKWXQJ • $IWHUWKHIDQUXQRQWKHLOOXPLQDWHGOHWWHULQJ $ FDQ $ GXUFK'UFNHQGHU672367$577DVWH % DXV EHVZLWFKHGRIIE\SUHVVLQJWKH672367$57EXWWRQ JHVFKDOWHWZHUGHQ %  'XULQJDWDQQLQJSURFHVVWKHLOOXPLQDWHG :lKUHQGHLQHV%UlXQXQJVYRUJDQJHVZLUGGLH OHWWHULQJ $ LVVZLWFKHGRIIDXWRPDWLFDOO\ 6FKULIWEHOHXFKWXQJ $ DXWRPDWLVFK DEJHVFKDOWHW...
  • Seite 15 %HGLHQXQJ2SHUDWLRQ 5XKHEHWULHEGHV%UlXQHUV 5HVWRSHUDWLRQRIWKHVXQEHG ,P'LVSOD\ $ ZLUGDX‰HUKDOEHLQHV%UlXQXQJVSURJUDPPV ,IQRWDQQLQJSURJUDPPHLVUXQQLQJWKHGLVSOD\ $ ZLOO GLH8KU]HLWDQJH]HLJW VKRZWKHWLPH • 'XUFKJOHLFK]HLWLJHV'UFNHQGHU7DVWHQ % OlQJHUDOV • %\SUHVVLQJWKHEXWWRQV % VLPXOWDQHRXVO\IRUPRUH 6HNXQGHQNDQQDXVGHP5XKHEHWULHELQGHQ6HUYLFH WKDQILYHVHFRQGVWKHV\VWHPFDQEHVZLWFKHGRYHUWR %HWULHEGHV%UlXQHUVJHVFKDOWHWZHUGHQRGHUHLQ VHUYLFHRSHUDWLRQRUE\SUHVVLQJWKH672367$57EXWWRQ %UlXQXQJVSURJUDPPZLUGGXUFK'UFNHQGHU & DWDQQLQJSURJUDPPHFDQEHVWDUWHG 672367$577DVWH & JHVWDUWHW...
  • Seite 16 :DUWXQJ (PSIRKOHQH:DUWXQJVLQWHUYDOOH +LQZHLVH]XU:DUWXQJGHV%UlXQHUV 9RUVLFKWHOHNWULVFKH6SDQQXQJ 9HUVFKOHL‰WHLO :HFKVHOQDFK -.7HLOH1U %HLIHVWDQJHVFKORVVHQHQ*HUlWHQ6LFKHUXQJHQDXVVFKDOWHQE]Z]LHKHQXQGJHJHQ:LHGHUHLQVFKDOWHQ -.(UJROLQH89+RFKGUXFNVWUDKOHU 6WG  VLFKHUQGDPLWGDV*HUlWVSDQQXQJVIUHLLVW IU*HVLFKWVEUlXQHU -.(UJROLQH89+RFKGUXFNVWUDKOHU $FKWXQJ 6WG  IU+DQGEUlXQHU :LUZHLVHQGDUDXIKLQGD‰GDV%UlXQXQJVJHUlWLQDQJHPHVVHQHQ=HLWUlXPHQ]XU(UKDOWXQJGHV -.(UJROLQH891LHGHUGUXFNODPSH RUGQXQJVJHPl‰HQ=XVWDQGVZLHGHUNHKUHQGHQ3UIXQJHQ]XXQWHU]LHKHQLVW QDFK%HGDUI  IU6FKULIWEHOHXFKWXQJ 6LHKH9'(9RUVFKULIW7HLOLQVEHVRQGHUH† )LOWHUPDWWHQ MHQDFK9HUVFKPXW]XQJ  :DUQXQJ 9HUOHW]XQJVJHIDKUGXUFKSO|W]OLFKKHUXQWHUVFKODJHQGHV2EHUWHLO %DXWHLO :HFKVHOQDFK -.7HLOH1U :HUGHQ6WDKOVHLOXQG)HGHUQLFKWHQWVSUHFKHQGGHQHPSIRKOHQHQ:DUWXQJVLQWHUYDOOHQDXVJHWDXVFKW )LOWHUVFKHLEH9,7IU(UJROLQH8OWUD FD6WG  N|QQHQGLHVH7HLOHEUHFKHQ )LOWHUVFKHLEH9,7IU(UJROLQH FD6WG  )LOWHUVFKHLEHIU+DQGEUlXQHU FD6WG...
  • Seite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
  • Seite 18 :DUWXQJ 6HUYLFH%HWULHEGHV%UlXQHUV • 'XUFKJOHLFK]HLWLJHV'UFNHQGHU7DVWHQ $ OlQJHUDOV6HNXQGHQZLUGLQGHQ6HUYLFH%HWULHEJHVFKDOWHW ,P'LVSOD\ % HUVFKHLQWGLHDNWXHOOH)XQNWLRQ DQJH]HLJWZLUGGLH1XPPHUGHUHQWVSUHFKHQGHQ)XQNWLRQ XQGGHU]XJHK|ULJH:HUW LP:HFKVHO • 'DV$XIUXIHQGHUHLQ]HOQHQ)XQNWLRQHQHUIROJWGXUFK'UFNHQGHU7DVWHQ & XQG '  • 'LHbQGHUXQJGHU:HUWHHUIROJWJHPl‰QDFKIROJHQGHU7DEHOOH DQJH]HLJWH1U )XQNWLRQ bQGHUXQJGHU:HUWH %HWULHEVVWXQGHQJHVDPW %HWULHEVVWXQGHQGHU89+RFKGUXFNVWUDKOHU %HWULHEVVWXQGHQ]lKOHUDXI1XOOVHW]HQ *HVLFKWVEUlXQHU 7DVWH ( OlQJHUDOV6HNXQGHQJHGUFNWKDOWHQ %HWULHEVVWXQGHQGHU89+RFKGUXFNVWUDKOHU +DQGEUlXQHU %HWULHEVVWXQGHQGHU)LOWHU 'LH(LQVWHOOXQJGHU8KU]HLWHUIROJWGXUFK'UFNHQGHU7DVWH  )  IU 8KU]HLWHLQVWHOOHQ GLH0LQXWHQE]ZGXUFK'UFNHQGHU7DVWH * IUGLH6WXQGHQ 'XUFK%HWlWLJXQJGHU7DVWH ( OlQJHUDOV6HNXQGHQZHUGHQGLH 5HVHWGHU8KU]HLW :HUWHXQGGHU6HNXQGHQWDNWGHULQWHUQHQ8KU]XUFNJHVHW]W 'DQDFKPVVHQ'DWXPXQG8KU]HLWHUQHXWHLQJHJHEHQZHUGHQ 'LH5FNVFKDOWXQJLQGHQ5XKHEHWULHEHUIROJWDXWRPDWLVFK6HNXQGHQQDFKGHPOHW]WHQ7DVWHQGUXFN...
  • Seite 19 0DLQWHQDQFH 6HUYLFH%HWULHEGHV%UlXQHUV • ,QRUGHUWRVZLWFKRYHUWRVHUYLFHRSHUDWLRQNHHSWKHEXWWRQV $ SUHVVHGIRUORQJHUWKDQVHFRQGVZLWKRXWUXQQLQJDWDQQLQJ SURJUDPPH'LVSOD\ % ZLOODOWHUQDWHEHWZHHQGLVSOD\QXPEHUDQGDWZRVWHSRUWKUHHVWHSGLVSOD\F\FOHGHSHQGLQJRQWKH QXPEHURIILJXUHVWREHGLVSOD\HG • 3UHVVEXWWRQ & RU ' WRVNLSWKURXJKWKHPHQXQXPEHUV •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
  • Seite 20 :DUWXQJ0DLQWHQDQFH )LOWHUVFKHLEHQLP2EHUWHLODXVEDXHQ 5HPRYLQJWKHILOWHUSDQHOLQWKHFDQRS\ 9RUVLFKWHOHNWULVFKH6SDQQXQJ :DUQLQJHOHFWULFFXUUHQW 9RUGHPgIIQHQGDIUVRUJHQGD‰GDV*HUlW (QVXUHWKHXQLWLVYROWDJHIUHHEHIRUHRSHQLQJ VSDQQXQJVIUHLLVW • 8VHWKH(UJROLQHVSDQQHUWRWXUQWKHVFUHZV $ E\ƒ • 6FKUDXEHQ $ PLWWHOV(UJROLQH6FKOVVHOXPƒ • 7LSWKHSDQHOIUDPH % GRZQRQWRWKHEDVHRIWKH YHUGUHKHQ VXQEHG • 6FKHLEHQUDKPHQ % QDFKXQWHQDXIGDV%UlXQHU • 3UHVVWKHFDWFK & XSDQGLQGRLQJVROLIWWKHSDQHO XQWHUWHLODENODSSHQ IUDPH % XQWLOWKHFDWFK & FDQEHPRYHGXS • 9HUULHJHOXQJ & QDFKREHQGUFNHQXQGGDEHLGHQ FRPSOHWHO\ 6FKHLEHQUDKPHQ % DQKHEHQELVVLFKGLH9HUULHJHOXQJ • 6XEVHTXHQWO\WKHSDQHOIUDPH % FDQEHUHPRYHG & NRPSOHWWQDFKREHQYHUVFKLHEHQOl‰W WRJHWKHUZLWKWKHDFU\OLFFRYHU • 'HU6FKHLEHQUDKPHQ % NDQQQXQ]XVDPPHQPLWGHU :KHQWKHSDQHOIUDPH % LVRSHQWKHVXQEHGLV $FU\OVFKHLEHDEJHQRPPHQZHUGHQ VZLWFKHGRIIDXWRPDWLFDOO\ %HLJH|IIQHWHP6FKHLEHQUDKPHQ % LVWGHU %UlXQHUDXWRPDWLVFKDXVJHVFKDOWHW • -HZHLOV6FKUDXEHQPLWWHOV(UJROLQH6FKOVVHO • 8VHWKH(UJROLQHVSDQQHUWRUHPRYHWKHWZRVFUHZVHDFK KHUDXVGUHKHQXQG$EGHFNXQJHQ $ DEQHKPHQ 5HPRYHWKHFRYHU $  •...
  • Seite 21 :DUWXQJ0DLQWHQDQFH 89+RFKGUXFNVWUDKOHULP2EHUWHLODXVEDXHQ 5HPRYLQJWKH89KLJKSUHVVXUHEXOELQWKHFDQRS\ • )LOWHUVFKHLEHDXVEDXHQ • 5HPRYHWKHILOWHUSDQHO FIFKDSWHU5HPRYLQJWKH 6LHKH$EVFKQLWW)LOWHUVFKHLEHQLP2EHUWHLODXVEDXHQ ILOWHUSDQHOLQWKHFDQRS\RQSDJH  DXI6HLWH  :DUQLQJ $FKWXQJ 'RQRWWRXFKWKHJODVVEXOERIWKH89KLJK 'HU*ODVNROEHQGHV89+RFKGUXFNVWUDKOHUV $ SUHVVXUHEXOE $ ZLWKWKHKDQG7KHJODVVEXOE GDUIQLFKWPLWGHU+DQGEHUKUWZHUGHQ KDVWRUHPDLQIUHHIURPJUHDVH 'HU*ODVNROEHQPX‰IHWWIUHLEOHLEHQ • 8VHRIIVHWSRLQWHGSOLHUVWRFDUHIXOO\JHWKROGDQGSXOORXW • 89+RFKGUXFNVWUDKOHU $ PLWHLQHUDEJHZLQNHOWHQ WKH89KLJKSUHVVXUHEXOE $ DWWKHFHUDPLFVVRFNHW 6SLW]]DQJHYRUVLFKWLJDP.HUDPLNVRFNHOIDVVHQXQG • 8VHDFORWKDQGDOFRKROLIQHFHVVDU\WRFOHDQWKH89 KHUDXV]LHKHQ KLJKSUHVVXUHEXOE $ RUUHSODFHE\DEXOERIWKHVDPH • 89+RFKGUXFNVWUDKOHU $ PLWHLQHP7XFKXQGJJI W\SH $ONRKROUHLQLJHQRGHUJHJHQHLQ7HLOGHVJOHLFKHQ7\SV DXVWDXVFKHQ 89+RFKGUXFNVWUDKOHULP2EHUWHLOHLQEDXHQ ,QVWDOOLQJWKH89KLJKSUHVVXUHEXOELQWKHFDQRS\ 'LH6WHFNNRQWDNWHGHU89+RFKGUXFNVWUDKOHU 7KHFRQQHFWRUFRQWDFWVRIWKH89KLJKSUHVVXUH KDEHQXQWHUVFKLHGOLFKH'XUFKPHVVHUXPGDV EXOEKDYHGLIIHUHQWGLDPHWHUVWRSUHYHQW (LQEDXHQLQIDOVFKHU/DJH]XYHUKLQGHUQ LQVWDOODWLRQLQWKHZURQJSRVLWLRQ •...
  • Seite 22 :DUWXQJ0DLQWHQDQFH )LOWHUVFKHLEHQLP2EHUWHLOPRQWLHUHQ ,QVWDOOLQJWKHILOWHUSDQHOLQWKHFDQRS\ $FKWXQJ :DUQLQJ 9RUGHP(LQEDXGHU)LOWHUVFKHLEHQGLH)XQNWLRQ &KHFNWKHIXQFWLRQRIWKHFLUFXLWEUHDNHUEHIRUH GHV6LFKHUXQJVVFKDOWHUVEHUSUIHQ LQVWDOOLQJWKHILOWHUSDQHO • 1DFKGHP(LQGUFNHQGHV6WLIWV $ PX‰GLHVHUGXUFK • $IWHUWKHSLQ $ KDVEHHQSUHVVHGLQLWKDVWRMXPS )HGHUGUXFNZLHGHU]XUFNVSULQJHQ EDFNE\VSULQJSUHVVXUH 'LH)LOWHUVFKHLEHQGHU(UJROLQHXQGGHU )LOWHUSDQHOVRI(UJROLQHDQGRI(UJROLQH (UJROLQH8OWUDXQWHUVFKHLGHQVLFKLQ 8OWUDGLIIHULQGLPHQVLRQDQGOHWWHULQJ7KH %DXJU|‰HXQG$XIVFKULIW'LH)LOWHUVFKHLEHQGUIHQ ILOWHUSDQHOVPXVWQRWEHLQWHUFKDQJHG • (UJROLQH8OWUD QLFKWYHUWDXVFKWZHUGHQ • (UJROLQH8OWUD )LOWHUSDQHOÅ9,7´-.SDUW1R )LOWHUVFKHLEHÅ9,7´-.7HLOHQU • (UJROLQH • (UJROLQH )LOWHUSDQHOÅ9,7´-.SDUW1R )LOWHUVFKHLEHÅ9,7´-.7HLOHQU :DUQXQJ :DUQLQJ *HIDKUYRQ+DXWYHUOHW]XQJHQXQGHUNUDQNXQJHQ 'DQJHURIVNLQLQMXU\DQGGLVHDVH7KHILOWHU 'LH)LOWHUVFKHLEHQPVVHQVRHLQJHVHW]WZHUGHQ SDQHOVKDYHWREHLQVWDOOHGLQVXFKDZD\WKDWWKH GD‰GLH6FKULIW]JHÅ9,7XOWUD´E]ZÅ9,7 ZULWLQJÅ9,7XOWUD´RUÅ9,7XOWUD´FDQEH XOWUD´YRQDX‰HQOHVEDUVLQG'LH...
  • Seite 23 :DUWXQJ0DLQWHQDQFH $FU\OVFKHLEHHLQEDXHQ ,QVWDOOLQJWKHDFU\OLFFRYHU • 6FKHLEHQUDKPHQ $ DQGLH6FKLHQHLP2EHUWHLO • 3XWWKHSDQHOIUDPH $ RQWRWKHUDLOLQWKHFDQRS\ • 3XVKWKHFDWFK % XSXQWLOWKHSDQHOIUDPHORFNVLQWR DQVHW]HQ • 9HUULHJHOXQJ % QDFKREHQVFKLHEHQELVGHU6FKHLEHQ SODFH • 6OLJKWO\OLIWWKHSDQHOIUDPH $ DQGSXVKWKHFDWFK UDKPHQ $ HLQUDVWHW • 6FKHLEHQUDKPHQ $ OHLFKWDQKHEHQXQG9HUULHJHOXQJ % GRZQ • 7LSWKHSDQHOIUDPH $ XSDQGXVHWKH(UJROLQH % QDFKXQWHQVFKLHEHQ • 6FKHLEHQUDKPHQ $ KRFKNODSSHQXQGPLWWHOV(UJROLQH VSDQQHUWRWLJKWHQWKHVFUHZV &  6FKOVVHO9HUVFKOVVH & IHVWGUHKHQ )LOWHUVFKHLEHQDP+DQGEUlXQHUDXVEDXHQ 5HPRYLQJWKHILOWHUSDQHORIWKHKDQGWDQQHU 9RUVLFKWHOHNWULVFKH6SDQQXQJ :DUQLQJHOHFWULFFXUUHQW 9RUGHPgIIQHQGDIUVRUJHQGD‰GDV*HUlW (QVXUHWKHXQLWLVYROWDJHIUHHEHIRUHRSHQLQJ VSDQQXQJVIUHLLVW • 8VHWKH(UJROLQHVSDQQHUWRUHPRYHWKHVL[VFUHZV $  • 'LH6FKUDXEHQ $ PLWWHOV(UJROLQH6FKOVVHOKHUDXV DQGWDNHRIIWKHODPSFRYHU %  GUHKHQXQG/DPSHQDEGHFNXQJ % DEQHKPHQ :KHQWKHODPSFRYHU % KDVEHHQUHPRYHGWKH %HLDEJHQRPPHQHU/DPSHQDEGHFNXQJ % LVW VXQEHGLVVZLWFKHGRIIDXWRPDWLFDOO\ GHU%UlXQHUDXWRPDWLVFKDXVJHVFKDOWHW...
  • Seite 24 :DUWXQJ0DLQWHQDQFH • 'LH]ZHL.UHX]VFKOLW]VFKUDXEHQ $ O|VHQ • 8QGRWKHWZRUHFHVVHGKHDGVFUHZV $  • )LOWHUVFKHLEH % ]XVDPPHQPLWGHP+DOWHEOHFK & • 5HPRYHWKHILOWHUSDQHO % WRJHWKHUZLWKWKHUHWDLQLQJ VFKUlJQDFKXQWHQKHUDXVQHKPHQ VKHHWPHWDO & GRZQZDUGV • )LOWHUVFKHLEH % UHLQLJHQRGHUJHJHQHLQ7HLOGHV • &OHDQWKHILOWHUSDQHO % RUUHSODFHLWE\DXQLWRIWKH JOHLFKHQ7\SVDXVWDXVFKHQ -.7HLOHQU  VDPHW\SH -.SDUW1R  89+RFKGUXFNVWUDKOHUDP+DQGEUlXQHUZHFKVHOQ &KDQJLQJWKH89KLJKSUHVVXUHEXOELQWKHKDQGWDQQHU • )LOWHUVFKHLEHDXVEDXHQ • 5HPRYHWKHILOWHUSDQHO FIFKDSWHU5HPRYLQJWKH 6LHKH$EVFKQLWW)LOWHUVFKHLEHQDP+DQGEUlXQHU ILOWHUSDQHORIWKHKDQGWDQQHURQSDJH  DXVEDXHQDXI6HLWH  :DUQLQJ $FKWXQJ 'RQRWWRXFKWKH89KLJKSUHVVXUHEXOEZLWKWKH 'HU89+RFKGUXFNVWUDKOHU $ GDUIQLFKWPLWGHU KDQGV7KHJODVVEXOEKDVWRUHPDLQIUHHIURP +DQGEHUKUWZHUGHQ'HU*ODVNROEHQPX‰IHWWIUHL JUHDVH EOHLEHQ • 3UHVVWKH89KLJKSUHVVXUHEXOE $ DJDLQVWWKHVRFNHW • 89+RFKGUXFNVWUDKOHU $ LQ/lQJVULFKWXQJJHJHQGLH LQORQJLWXGLQDOGLUHFWLRQDQGUHPRYH )DVVXQJGUFNHQXQGKHUDXVQHKPHQ •...
  • Seite 25 :DUWXQJ0DLQWHQDQFH )LOWHUVFKHLEHQDP+DQGEUlXQHUHLQEDXHQ ,QVWDOOLQJWKHILOWHUSDQHOLQWKHKDQGWDQQHU $FKWXQJ :DUQLQJ 9RUGHP(LQEDXGHU)LOWHUVFKHLEHQGLH)XQNWLRQ &KHFNWKHIXQFWLRQRIWKHFLUFXLWEUHDNHUEHIRUH GHV6LFKHUXQJVVFKDOWHUVEHUSUIHQ LQVWDOOLQJWKHILOWHUSDQHO • 1DFKGHP(LQGUFNHQGHV6WLIWV $ PX‰GLHVHUGXUFK • $IWHUWKHSLQ $ KDVEHHQSUHVVHGLQLWKDVWRMXPS )HGHUGUXFNZLHGHU]XUFNVSULQJHQ EDFNE\VSULQJSUHVVXUH • 89+RFKGUXFNVWUDKOHUHLQVHW]HQ • ,QVHUWWKH89KLJKSUHVVXUHEXOE • )LOWHUVFKHLEH $ RKQHVLH]XYHUNDQWHQ]XVDPPHQPLW • ,QVHUWWKHILOWHUSDQHO $ WRJHWKHUZLWKWKHUHWDLQLQJ GHP+DOWHEOHFK % HLQVHW]HQ VKHHWPHWDO % ZLWKRXWMDPPLQJ • +DOWHEOHFK % QDFKREHQGUFNHQELVGLH)LOWHUVFKHLEH • 3UHVVWKHUHWDLQLQJVKHHWPHWDO % XSXQWLOWKHILOWHU VWUDPPVLW]WXQGQLFKWPHKUYHUUXWVFKHQNDQQ SDQHOKDVDWLJKWVHDWDQGFDQQRWVOLSDERXWDQ\PRUH • ,QGLHVHU3RVLWLRQ6FKUDXEHQ & IHVWGUHKHQ • 8VHWKHUHFHVVHGKHDGVFUHZV & LQWKLVSRVLWLRQIRU • /DPSHQDEGHFNXQJDQ.DQWH ' LPƒ:LQNHO DWWDFKPHQW • 3XWRQWKHODPSFRYHURQWKHHGJH ' DWDƒDQJOH DQVHW]HQKRFKNODSSHQXQGPLW6FKUDXEHQEHIHVWLJHQ WLSXSDQGXVHWKHVL[VFUHZVIRUDWWDFKPHQW :DUQXQJ...
  • Seite 26 :DUWXQJ0DLQWHQDQFH )LOWHUHOHPHQWZHFKVHOQ &KDQJLQJWKHILOWHUHOHPHQW • $OWHV)LOWHUHOHPHQW $ DXVGHP2EHUWHLOKHUDXVQHKPHQ • 5HPRYHWKHROGILOWHUHOHPHQW $ IURPWKHFDQRS\DQG XQGGXUFKHLQQHXHV)LOWHUHOHPHQWHUVHW]HQ UHSODFHLWE\DQHZILOWHUHOHPHQW 6FKULIWEHOHXFKWXQJZHFKVHOQ &KDQJLQJWKHLOOXPLQDWLRQRIWKHOHWWHULQJ 9RUVLFKWHOHNWULVFKH6SDQQXQJ :DUQLQJHOHFWULFFXUUHQW 9RUGHPgIIQHQGDIUVRUJHQGD‰GDV*HUlW (QVXUHWKHXQLWLVYROWDJHIUHHEHIRUHRSHQLQJ VSDQQXQJVIUHLLVW • 6FKUDXEH & GHV6HLWHQWHLOV $ PLWWHOV(UJROLQH • 8VHWKH(UJROLQHVSDQQHUWRXQGRWKHVFUHZ & RIWKH 6FKOVVHOO|VHQ VLGHVHFWLRQ $  • 6HLWHQWHLO $ DXVNODSSHQ(UGXQJVIDKQHO|VHQXQG • 7LSRXWWKHVLGHVHFWLRQ $ GLVFRQQHFWWKHHDUWKLQJDQG 6HLWHQWHLO $ DXVGHUXQWHUHQ+DOWHUXQJKHUDXVKHEHQ OLIWRXWDQGUHPRYHIURPWKHORZHUKROGLQJVHFWLRQ • 1LHGHUGUXFNVWUDKOHU % JHJHQHLQ7HLOGHVJOHLFKHQ7\SV • 5HSODFHWKHORZSUHVVXUHWXEH % E\DXQLWRIWKHVDPH DXVWDXVFKHQ -.7HLOHQU  W\SH -.SDUW1R  • (UGXQJVIDKQHEHIHVWLJHQ • 5HFRQQHFWWKHHDUWKLQJ • 6HLWHQWHLO $ LQGLHXQWHUH+DOWHUXQJHLQVHW]HQ •...
  • Seite 27 :DUWXQJ0DLQWHQDQFH 2EHUWHLO.ODSSKLOIHQDFKVWHOOHQ $GMXVWLQJWKHVSULQJORDGHGPHFKDQLVPRIWKHFDQRS\ )DOOVGDV2EHUWHLOKHUXQWHUJHNODSSWZLUGXQGQLFKW ,IWKHFDQRS\LVWLSSHGGRZQEXWLWGRHVQRWVWD\ LQGLHVHU3RVLWLRQYHUKDUUWNDQQHVGDUDQOLHJHQ LQWKLVSRVLWLRQWKHUHDVRQPLJKWEHWKDWWKHGUDZ GD‰GLH=XJIHGHU $ GHV%UlXQHUVQDFKJHVWHOOW VSULQJ $ RIWKHVXQEHGKDVWREHDGMXVWHG ZHUGHQPX‰ • 8VHWKH(UJROLQHVSDQQHUWRUHPRYHWKHWKUHHVFUHZV • 6FKUDXEHQPLWWHOV(UJROLQH6FKOVVHOO|VHQXQG 5HPRYHWKHFRYHU %  $EGHFNXQJ % DEQHKPHQ • 7XUQWKHPPKH[DJRQKHDGFDSVFUHZ & WRWKHOHIW • 6HFKVNDQWVFKUDXEH6: & QDFKOLQNVGUHKHQIDOOV LIWKHFDQRS\GRHVQRWVWD\GRZQRUWRWKHULJKWLIWKH GDV2EHUWHLOQLFKWXQWHQEOHLEWRGHUQDFKUHFKWVGUHKHQ FDQRS\FDQEHSXVKHGXSZLWKGLIILFXOW\RQO\ IDOOVVLFKGDV2EHUWHLOQXUVFKZHUKRFKNODSSHQOl‰W • 8VHWKH(UJROLQHVSDQQHUWRVFUHZGRZQWKHFRYHU % • $EGHFNXQJ % PLWGUHL6FKUDXEHQPLWWHOV(UJROLQH ZLWKWKUHHVFUHZV 6FKOVVHOIHVWVFKUDXEHQ...
  • Seite 28 0|JOLFKH6W|UXQJHQXQGLKUH%HVHLWLJXQJ7UDFLQJDQGFRUUHFWLQJIDXOWV 6W|UDQ]HLJHQ )DXOWGLVSOD\V 9RUVLFKWHOHNWULVFKH6SDQQXQJ :DUQLQJHOHFWULFFXUUHQW %HLIHVWDQJHVFKORVVHQHQ*HUlWHQ6LFKHUXQJHQDXVVFKDOWHQE]Z]LHKHQXQGJHJHQ:LHGHUHLQVFKDOWHQ ,QFDVHRIDIL[HGFRQQHFWLRQRIWKHXQLWVZLWFKRIIRUUHPRYHWKHIXVHVDQGVHFXUHWKHXQLWDJDLQVW VLFKHUQGDPLWGDV*HUlWVSDQQXQJVIUHLLVW VZLWFKLQJVRWKDWWKHXQLWLVYROWDJHIUHH $XIGHP%HGLHQIHOGEHILQGHQVLFK$Q]HLJHQ]XUOHLFKWHUHQ/RNDOLVLHUXQJYHUVFKLHGHQHU6W|UXQJHQ 7KHFRQWUROSDQHOFRQWDLQVVL[LQGLFDWRUVWRIDFLOLW\WKHORFDOLVDWLRQRIYDULRXVIDXOWV,QWKHHYHQWRIDIDXOWWKH ,P6W|UXQJVIDOOEOLQNHQGLHHQWVSUHFKHQGHQ6\PEROHDXI FRUUHVSRQGLQJV\PEROVZLOOVWDUWIODVKLQJ )LOWHUVFKHLEH+DQGEUlXQHU ILOWHUSDQHORIWKHKDQGWDQQHU /IWHU :LQGVFKDOWHU IDQ DLUIORZVZLWFK )LOWHUVFKHLEH*HVLFKWVEUlXQHU ILOWHUSDQHORIWKHIDFLDOWDQQHU 7HPSHUDWXUVLFKHUXQJ+DQGEUlXQHU WHPSHUDWXUHIXVHKDQGWDQQHU °C °C 7HPSHUDWXUVLFKHUXQJ*HVLFKWVEUlXQHUREHQ WHPSHUDWXUHIXVHIDFLDOWDQQHUWRS °C °C 7HPSHUDWXUVLFKHUXQJ*HVLFKWVEUlXQHUXQWHQ WHPSHUDWXUHIXVHIDFLDOWDQQHUERWWRP °C °C :HLWHUH6W|UXQJHQ 8UVDFKH%HKHEXQJ 2WKHUIDXOWV 5HDVRQUHPHG\ 6FKHLEHQUDKPHQLVWQLFKWJHVFKORVVHQ 3DQHOIUDPHLVQRWFORVHG $OOH6\PEROHLP%HGLHQIHOGEOLQNHQ $OOV\PEROVRQWKHFRQWUROSDQHODUHIODVKLQJ 6FKHLEHQUDKPHQVFKOLH‰HQ &ORVHSDQHOIUDPH .HLQH6SDQQXQJYRUKDQGHQ 7KH89ODPSDQGWKHIDQDUHQRWVZLWFKHGRQZKHQWKH...
  • Seite 29 /DPSHQEHVWFNXQJGHU%UlXQHU/DPSVXVHGRQWKHVXQEHGV *HUlWHW\S $Q]DKOGHU/DPSHQ /DPSHQW\S -.7HLOH1U %HVWUDKOXQJVJHUlW897\S -.(UJROLQH 2EHUWHLO (UJROLQH89+RFKGUXFNVWUDKOHU :  (UJROLQH89+RFKGUXFNVWUDKOHU :  8QWHUWHLO (UJROLQH6'SRZHU1LHGHUGUXFNVWUDKOHU :  -.(UJROLQH8OWUD 2EHUWHLO (UJROLQH89+RFKGUXFNVWUDKOHU :  (UJROLQH89+RFKGUXFNVWUDKOHU :  8QWHUWHLO (UJROLQH6'SRZHU1LHGHUGUXFNVWUDKOHU :  0RGHO 1XPEHURIODPSV /DPSW\SH -.3DUW1R 5DGLDWLRQXQLW89W\SH -.(UJROLQH &DQRS\ (UJROLQH89KLJKSUHVVVXUHEXOE :  (UJROLQH89KLJKSUHVVVXUHEXOE : ...
  • Seite 30 *DUDQWLHEHGLQJXQJHQ:DUUDQW\FRQGLWLRQV *DUDQWLHEHGLQJXQJHQ :DUUDQW\FRQGLWLRQV -.KDIWHWGHP.lXIHUIUGLH'DXHUYRQ0RQDWHQDEhEHUJDEHGDIUGD‰GDV*HUlWEHLGHUhEHUJDEHDQGHQ )RUDSHULRGRIPRQWKVIURPWKHGDWHRIGHOLYHU\-.JXDUDQWHHVWKDWDWWKHWLPHRIGHOLYHU\WKHHTXLSPHQWLV .lXIHUQLFKWPLW)HKOHUQEHKDIWHWLVWGLHGHQ:HUWRGHUGLH7DXJOLFKNHLW]XGHPJHZ|KQOLFKHQ*HEUDXFK D XI IUHHRIGHIHFWVWKDWFRXOGQHJDWHRULPSDLULWVVXLWDELOLW\IRUQRUPDOXVH KHEHQRGHUPLQGHUQ 7KHZDUUDQW\SHULRGFRYHULQJGHIHFWVLVWZHOYHPRQWKVIURPWKHGDWHRIGHOLYHU\RUDPD[LPXPRI 'LH*HZlKUOHLVWXQJVIULVWIU0lQJHOEHWUlJW]Z|OI0RQDWHDEhEHUJDEHE]ZLQQHUKDOEGHUHLQMlKULJHQ RSHUDWLQJKRXUVZLWKLQWKHRQH\HDUZDUUDQW\SHULRG FRQVXPDEOHVOLNHEXOEVVWDUWHUVHWFDUHH[FOXGHG  *DUDQWLH]HLWELVPD[%HWULHEVVWXQGHQ 9HUVFKOHL‰WHLOHZLH6WUDKOHU6WDUWHUHWFDXVJHQRPPHQ  'LH*HZlKUOHLVWXQJVSIOLFKWHQWIlOOWZHQQ 7KHZDUUDQW\LVUHQGHUHGLQYDOLGLI • GHU)HKOHULQIROJHQLFKWEHVWLPPXQJVJHPl‰HQ*HEUDXFKVRGHUXQVDFKJHPl‰HQ(LQJULIIVLQGHP*HUlW • WKHGHIHFWLVWKHUHVXOWRILPSURSHUXVHRUXQDXWKRULVHGZRUNRQWKHHTXLSPHQW DXIWULWW • WKHGHIHFWUHVXOWVIURPWKHXVHRIQRQDSSURYHGVSDUHSDUWVRUFKDQJHVWRWKHHTXLSPHQWRU • GHU)HKOHULQIROJHQLFKW]XJHODVVHQHU(UVDW]WHLOHRGHUbQGHUXQJHQDP*HUlWDXIWULWWRGHU • QRSURRILVSURYLGHGDVWRZKHQWKHHTXLSPHQWZDVSXUFKDVHGDQGE\ZKRPLWZDVVXSSOLHG • GHU1DFKZHLVQLFKWHUEUDFKWZLUGZDQQGDV*HUlWJHNDXIWZXUGHXQGYRPZHPHVDXVJHOLHIHUWZXUGH -.YHUSIOLFKWHWVLFK0lQJHOGLHQDFKZHLVOLFKLQQHUKDOEYRQ0RQDWHQDEhEHUJDEHGHV*HUlWHVDXIWUHWHQ -.JXDUDQWHHVWRFRUUHFWIDXOWVRUKDYHIDXOWVFRUUHFWHGIUHHRIFKDUJHZKHUHLWFDQEHVKRZQWKDWWKH\KDYH NRVWHQORV]XEHVHLWLJHQRGHUEHVHLWLJHQ]XODVVHQ'LHVNDQQQDFK:DKOYRQ-.DXFKGXUFK$XVWDXVFK RFFXUUHGZLWKLQWZHOYHPRQWKVRIWKHHTXLSPHQWEHLQJGHOLYHUHG7KLVFRUUHFWLRQPD\WDNHWKHIRUPRI PDQJHOKDIWHU7HLOHRGHUGHVNRPSOHWWHQ(U]HXJQLVVHVJHVFKHKHQ UHSODFHPHQWRIGHIHFWLYHFRPSRQHQWVRURIWKHFRPSOHWHSURGXFWDW-.·VGLVFUHWLRQ 'HU.lXIHULVWMHGRFKEHUHFKWLJWGLH5FNJlQJLJPDFKXQJGHV$XIWUDJVRGHUGLH+HUDEVHW]XQJGHV$XIWUDJV 7KHSXUFKDVHULVKRZHYHUHQWLWOHGWRFDQFHOWKHFRQWUDFWRUWRGHPDQGDUHGXFWLRQRIWKHSXUFKDVHSULFHLIWKH SUHLVHV]XYHUODQJHQZHQQGLH1DFKEHVVHUXQJIHKOVFKOlJWLQVEHVRQGHUHZHLOVLH FRUUHFWLYHDFWLRQWDNHQLVLQHIIHFWLYHSDUWLFXODUO\ • XQP|JOLFKLVW •...
  • Seite 31 (8.RQIRUPLWlWVHUNOlUXQJ(8'HFODUDWLRQRI&RQIRUPLW\...
  • Seite 32 -.(UJROLQH*PE+ .|KOHUVKRKQHU6WUD‰H ':LQGKDJHQ 7HOHIRQ   7HOHID[  ...

Diese Anleitung auch für:

8000 ultra