▼
Scroll to page 2
of
52
*(%5$8&+6$1:(,681* 02'( '·(03/2, ,6758=,21, 3(5 /·862 */$6.(5$0,. .2&+)(/' 3/$1 '( &8,6621 9,752&e5$0,48( 3,$12 ', &27785$ ,1 9(752&(5$0,&$ *. *6 5 /LHEH .XQGLQ OLHEHU .XQGH ' :LU GDQNHQ ,KQHQ GDVV 6LH VLFK IU HLQ *ODVNHUDPLN NRFKIHOG YRQ 7+(50$ HQWVFKLHGHQ KDEHQ 6LH KDEHQ GDPLW DXI 4XDOLWlW XQG 'DXHUKDIWLJNHLW JHVHW]W 'LHVH $QOHLWXQJ HUP|JOLFKW HV ,KQHQ ,KU *ODVNHUDPLN NRFKIHOG 6FKULWW IU 6FKULWW NHQQHQ]XOHUQHQ XQG DOO VHLQH 0|JOLFKNHLWHQ RSWLPDO ]X QXW]HQ /HVHQ 6LH YRU GHU HUVWHQ ,QEHWULHEQDKPH GDV .DSLWHO ©:LFKWLJH 6L FKHUKHLWVKLQZHLVHª JHQDX GXUFK :LU HPSIHKOHQ ,KQHQ GLH $QOHLWXQJ LQ GHU 1lKH GHU .RFKVWHOOH DXI]XEHZDKUHQ GDPLW VLH EHL 8QNODUKHLWHQ VRIRUW ]XU +DQG LVW :LU ELWWHQ 6LH GLH *HEUDXFKVDQZHLVXQJ DXIPHUNVDP GXUFK]XOHVHQ XQG DQVFKOLHVVHQG GLH DXVJHIOOWH *DUDQWLHNDUWH GLUHNW DQ XQVHUHQ .XQGHQGLHQVW LQ 0lJHQZLO ]X VHQGHQ %HVWHQ 'DQN 'LHVHV *HUlW HQWVSULFKW GHQ (*5LFKWOLQLHQ (:* (:* (:* (:* ,QKDOWVYHU]HLFKQLV :LFKWLJH 6LFKHUKHLWVKLQZHLVH 'DV (LQEDX*ODVNHUDPLNNRFKIHOG 9RU GHP HUVWHQ %HQXW]HQ 'LH %HGLHQXQJ GHU .RFKVWHOOH 'DV ULFKWLJH .RFKJHVFKLUU 5HLQLJXQJ XQG 3IOHJH *ODVNHUDPLNNRFKIOlFKH (LQ$XVVFKDOWHQ XQG 5HJXOLHUHQ =ZHLNUHLVNRFK]RQH 5HVWZlUPHDQ]HLJH 6LQQYROOHU (QHUJLHYHUEUDXFK .RFKW|SIH XQG 3IDQQHQ 5HLQLJHQ QDFK MHGHP %HQXW]HQ )OHFNHQ HQWIHUQHQ %HVRQGHUH 3UREOHPIlOOH :DV WXQ LP )DOOH HLQHV 'HIHNWV " 7HFKQLVFKH 'DWHQ ,QVWDOODWLRQVDQZHLVXQJ .XQGHQGLHQVW 7KHUPD3KRQ *. *6 5 (LQEDX LQ GLH .FKHQDUEHLWVSODWWH (LQEDXPDVVH (LQEDX LQ /DYD RGHU 6WHLQ $XVEDX GHV *ODVNHUDPLNNRFKIHOGHV (OHNWURDQVFKOXVV (UVDW]WHLOYHUNDXI *DUDQWLH :LFKWLJH 6LFKHUKHLWVKLQZHLVH 0DFKHQ 6LH VLFK ELWWH YRU GHP HUVWHQ *HEUDXFK GHV *HUlWHV PLW GHU *HEUDXFKVDQZHLVXQJ YHU WUDXW %LWWH DFKWHQ 6LH VSH]LHOO DXI GLH 6LFKHUKHLWV JHNHQQ]HLFKQHW VLQG KLQZHLVH GLH PLW HLQHP 'LH .RFK]RQHQ ZHUGHQ QDFK GHP (LQVFKDOWHQ VFKQHOO KHLVV VFKDOWHQ 6LH GDKHU HUVW HLQ ZHQQ 6LH HLQ .RFK WRSI RGHU HLQH 3IDQQH DXIJHVHW]W KDEHQ 6LH YHUKLQ GHUQ VRPLW DXFK XQQ|WLJHQ (QHUJLHYHUEUDXFK 'DGXUFK YHUPHLGHQ 6LH 6FKlGHQ VRZRKO DQ 3HUVR QHQ DOV DXFK DP *HUlW %HZDKUHQ 6LH GLH *HEUDXFKVDQZHLVXQJ VRUJIlOWLJ DXI XQG JHEHQ 6LH GLHVH JJI DQ QDFKIROJHQGH %HQW]HU ZHLWHU $Q GHQ KHLVVHQ .RFK]RQHQ 7|SIHQ XQG 3IDQQHQ EH VWHKW EHL XQDFKWVDPHP +DQWLHUHQ 9HUEUHQQXQJVJH IDKU 'DV *HUlW GDUI QXU LP +DXVKDOW XQG IU GHQ EHVWLP PXQJVJHPlVVHQ =ZHFN EHQXW]W ZHUGHQ (V HQW VSULFKW LQWHUQDWLRQDOHQ 6LFKHUKHLWVYRUVFKULIWHQ XQG 4XDOLWlWVQRUPHQ 'LH VHOEVWYHUVWlQGOLFK YRUKDQGHQHQ 6LFKHUKHLWVPDVVQDKPHQ GHFNHQ GLH P|JOLFKHQ 8QIDOOULVLNHQ QLFKW LQ MHGHP )DOO DE (OHNWULVFKH 6LFKHUKHLW 'DV *HUlW GDUI QXU GXUFK HLQHQ (OHNWURIDFKPDQQ DQJHVFKORVVHQ ZHUGHQ )U GLH HOHNWULVFKH 6LFKHUKHLW PVVHQ (LQEDXJHUlWH LQ QRUPJH UHFKWH SDVVHQGH (LQEDXVFKUlQNH$UEHLWVSODWWHQ HLQJHEDXW ZHUGHQ %HQXW]HQ 6LH GDV .RFKIHOG QXU LP HLQJHEDXWHQ =X VWDQG 6R VLQG 6LH VLFKHU YRU %HUKUXQJHQ PLW HOHNWUL VFKHQ %DXWHLOHQ 'DV (LQEDX*ODVNHUDPLNNRFKIHOG GDUI QXU PLW (LQ EDX+HUGHQ 5HFKDXGV 6FKDOWNlVWHQ RGHU HOHNWUR QLVFKHU 6WHXHUXQJ PLW GHP VSH]LHOOHQ 6WHFNV\VWHP $GDSWHUNDEHO NRPELQLHUW ZHUGHQ VLHKH ,QVWDOOD WLRQVDQZHLVXQJ %HDFKWHQ 6LH DXFK GLH +LQZHLVH LQ GHU GD]XJHK|UHQGHQ *HEUDXFKV XQG ,QVWDOODWLRQVDQ ZHLVXQJ %HVFKlGLJWH .RFKIHOGHU PLW 5LVVHQ RGHU %UFKHQ LQ GHU *ODVNHUDPLNIOlFKH GUIHQ QLFKW DQJHVFKORVVHQ ZHUGHQ $XV 6LFKHUKHLWVJUQGHQ GUIHQ 5HSDUDWXUHQ DP *H UlW LQVEHVRQGHUH DQ VWURPIKUHQGHQ 7HLOHQ QXU GXUFK (OHNWURIDFKNUlIWH RGHU JHVFKXOWH .XQGHQGLHQVWWHFKQL NHU GXUFKJHIKUW ZHUGHQ GD VRQVW HUKHEOLFKH *HIDK UHQ IU GHQ %HQXW]HU HQWVWHKHQ N|QQWHQ :HQGHQ 6LH VLFK LP 6W|UXQJVIDOO GLUHNW DQ XQVHUHQ .XQGHQGLHQVW %HQXW]XQJ XQG %HGLHQXQJ 9HUKLQGHUQ 6LH GDVV .OHLQNLQGHU GLH *ODVNHUDPLN NRFK]RQHQ ZlKUHQG GHV %HWULHEHV EHUKUHQ 6LH VROO WHQ JUXQGVlW]OLFK GHU .RFKVWHOOHQ VRZLH 7|SIHQ XQG 3IDQQHQ IHUQJHKDOWHQ ZHUGHQ .LQGHU N|QQHQ VLFK DXFK GXUFK GDV +HUXQWHU]LHKHQ YRQ 7|SIHQ XQG 3IDQ QHQ YHUEUHQQHQ %HL HLQHP 1HW]DXVIDOO ZHUGHQ DOOH (LQVWHOOXQJHQ XQG $Q]HLJHQ JHO|VFKW (V LVW 9RUVLFKW JHERWHQ GLH DXIJH KHL]WHQ .RFK]RQHQ ZHUGHQ QLFKW PHKU GXUFK GLH 5HVW ZlUPHDQ]HLJH VLJQDOLVLHUW :HQQ 6LH HLQH 6WHFNGRVH LQ GHU 1lKH GHV .RFKIHOGHV EHQXW]HQ DFKWHQ 6LH GDUDXI GDVV GDV .DEHO GHV (OHNWURJHUlWHV QLFKW PLW GHU KHLVVHQ .RFK]RQH LQ %H UKUXQJ NRPPW .RFK]RQHQ HUVW HLQVFKDOWHQ ZHQQ 7RSI RGHU 3IDQQH GDUDXIVWHKHQ .RFKJHVFKLUU XQG *HVFKLUUERGHQ PV VHQ WURFNHQ XQG VDXEHU VHLQ 'LH *ODVNHUDPLNIOlFKH ZLUG EHVFKlGLJW ZHQQ 6LH RKQH RGHU PLW OHHUHP .RFKJHVFKLUU EHWULHEHQ ZLUG XQG ZHQQ XQJHHLJQHWH 7|SIH RGHU 3IDQQHQ YHUZHQGHW ZHUGHQ .HLQH WHPSHUDWXUHPSILQGOLFKHQ XQG IHXHUJHIlKUOLFKHQ 6WRIIH ]% 5HLQLJXQJVPLWWHO 6SUD\GRVHQ LQ 6FKXE ODGHQ RGHU )lFKHU XQWHU GHP (LQEDXJHUlW DXIEHZDK UHQ 'LH .RFKIOlFKH GDUI QLFKW DOV $EODJH RGHU $UEHLWVIOl FKH EHQXW]W ZHUGHQ %HLP $UEHLWHQ PLW gOHQ XQG )HWWHQ VROOWH GDV .RFKIHOG ZHJHQ %UDQGJHIDKU QLFKW XQEHDXIVLFKWLJW EOHLEHQ %HQXW]HQ 6LH NHLQ *HVFKLUU DXV .XQVWVWRII RGHU $OX )ROLH (V VFKPLO]W EHL KRKHQ 7HPSHUDWXUHQ XQG NDQQ GLH *ODVNHUDPLNSODWWH EHVFKlGLJHQ =XFNHU LQ IHVWHU RGHU IOVVLJHU )RUP VRZLH .XQVWVWRII GDUI QLFKW DXI GLH KHLVVH .RFK]RQH JHODQJHQ %HLP (UNDOWHQ N|QQHQ 5LVVH RGHU %UFKH LQ GHU *ODV NHUDPLNSODWWH DXIWUHWHQ 6ROOWH =XFNHU RGHU .XQVWVWRII YHUVHKHQWOLFK DXI GLH KHLVVH .RFK]RQH JHODQJW VHLQ GDUI DXI NHLQHQ )DOO GLH .RFK]RQH DXVJHVFKDOWHW ZHU GHQ VRQGHUQ GLH =XFNHU RGHU .XQVWVWRIIUHVWH PV VHQ LP KHLVVHQ =XVWDQG PLW HLQHQ .OLQJHQVFKDEHU DE JHVFKDEW ZHUGHQ 6FKW]HQ 6LH ,KUH +DQG YRU 9HUEUHQQXQJHQ 9HUZHQGHQ 6LH DXI *ODVNHUDPLN.RFKIHOGHUQ QXU 7|SIH XQG 3IDQQHQ PLW HEHQHQ %RGHQ GLH NHLQH 5lQ GHU XQG *UDWH DXIZHLVHQ (V HQWVWHKHQ VRQVW EOHL EHQGH .UDW]HU 'LH *ODVNHUDPLN.RFKIOlFKH LVW WHPSHUDWXUVFKRFN IHVW 6RZRKO .lOWH DOV DXFK +LW]H N|QQHQ LKU QLFKWV DQ KDEHQ 9HUPHLGHQ 6LH DEHU GDVV *HJHQVWlQGH DXI GDV .RFKIHOG IDOOHQ 3XQNWI|UPLJH 6FKODJEHODVWXQ JHQ ]% GXUFK GDV +HUXQWHUIDOOHQ HLQHV *HZU] IOlVFKFKHQ N|QQHQ LQ XQJQVWLJHQ )lOOHQ ]X 5LVVHQ RGHU %UFKHQ LQ GHU *ODVNHUDPLNSODWWH IKUHQ 'XUFK GHIHNWH 6WHOOHQ N|QQHQ EHUNRFKHQGH 6SHLVHQ DQ VSDQQXQJVIKUHQGH 7HLOH GHV .RFKIHOGHV JHODQ JHQ %HLP $XIWUHWHQ YRQ %UFKHQ 6SUQJHQ RGHU 5LVVHQ LQ GHU *ODVNHUDPLNSODWWH LVW GDV .RFKIHOG VRIRUW DXV]X VFKDOWHQ XQG YRP 1HW] ]X WUHQQHQ 6FKDOWHQ 6LH GDIU GLH 6LFKHUXQJ DXV RGHU ]LHKHQ 6LH GHQ 1HW]VWHFNHU XQG EHQDFKULFKWLJHQ 6LH GHQ .XQGHQGLHQVW %HDFKWHQ 6LH GLH +LQZHLVH ]XU 5HLQLJXQJ XQG 3IOHJH GHU *ODVNHUDPLN %HL XQVDFKJHPlVVHU %HKDQGOXQJ EHUQHKPHQ ZLU NHLQH +DIWXQJ .RQWUROOLHUHQ 6LH QDFK *HEUDXFK GDVV GDV *HUlW DXV JHVFKDOWHW LVW $OOH 'UHKNQ|SIH RGHU 7DVWH PVVHQ LQ GHU $863RVLWLRQ VWHKHQ 5HLQLJXQJ :lKUHQG GHU 5HLQLJXQJ GUIHQ NHLQH +HL]HOHPHQWH HLQJHVFKDOWHW VHLQ $FKWHQ 6LH GDUDXI GDVV GLH .RFK ]RQHQ VR ZHLW DEJHNKOW VLQG HUVW QDFK (UOLVFKHQ GHU 5HVWZlUPHDQ]HLJHODPSH GDVV 6LH GLHVH RKQH *HIDKU EHUKUHQ N|QQHQ +DOWHQ 6LH GLH *ODVNHUDPLNIOlFKH VWHWV VDXEHU 'DPSI XQG +RFKGUXFN5HLQLJXQJVJHUlWH VLQG DXV *UQGHQ GHU HOHNWULVFKHQ 6LFKHUKHLW IU GLH 5HLQLJXQJ QLFKW ]XJHODVVHQ (QWVRUJXQJ $OWJHUlWH ELWWH RUGQXQJVJHPlVV HQWVRUJHQ %HDFKWHQ 6LH ELWWH GLH QDWLRQDOHQ XQG UHJLRQD OHQ 9RUVFKULIWHQ XQG GLH 0DWHULDONHQQ]HLFK QXQJ 0DWHULDOWUHQQXQJ $EIDOOVDPPOXQJ :HUWVWRIIK|IH 6723 6WRS 'LHVHV 6\PERO ZDUQW YRU VFKZHUHUHQ 9HUOHW]XQJVJHIDKUHQ (V PXVV ]ZLQJHQG EHDFKWHW ZHUGHQ $FKWXQJ 'LHVHV 6\PERO ZHLVW DXI HLQH ,QIRUPDWLRQ KLQ GHUHQ 1LFKWEHDFKWXQJ ]XU *HIlKUGXQJ YRQ 3HUVRQHQ XQG RGHU XPIDQJUHLFKHQ 6DFKVFKlGHQ IKUHQ NDQQ 'LHVH 6LFKHUKHLWVKLQZHLVH VLQG XQEHGLQJW ]X EHDFKWHQ +LQZHLV 'LHVHV 6\PERO ZHLVW DXI HLQH ,QIRUPDWLRQ KLQ GLH ZLFKWLJH $QJDEHQ KLQVLFKWOLFK GHU 9HUZHQGXQJ HQWKlOW 'DV 1LFKWEHIROJHQ NDQQ ]X 6W|UXQJHQ IKUHQ 'DV (LQEDX*ODVNHUDPLNNRFKIHOG .RFK]RQHQ *HUlWHEHUVLFKW .RFK]RQH =ZHLNUHLV .RFK]RQH PP : .RFK]RQH PP : .RFK]RQH PP : *ODVNHUDPLNSODWWH [ PP : 5HVWZlUPHDQ]HLJHODPSHQ 6SDQQXQJ $& 9 *HVDPW/HLVWXQJVDXIQDKPH N: 9RU GHP HUVWHQ %HQXW]HQ (UVWUHLQLJXQJ 8P P|JOLFKH )HUWLJXQJVVSXUHQ ]X EHVHLWLJHQ LVW GDV .RFKIHOG YRU *HEUDXFK ]X UHLQLJHQ 'LH *ODVNHUDPLNIOlFKH XQG GHQ 5DKPHQ PLW ZDUPHP :DVVHU XQG 6SOPLWWHO XQG QLFKWNUDW]HQGHP /DSSHQ DEZDVFKHQ XQG WURFNHQUHLEHQ (UVWHV $XIKHL]HQ .RFK]RQHQ QDFKHLQDQGHU NXU] ]XU .RQWUROOH HLQVFKDO WHQ %HLP HUVWHQ %HQXW]HQ NDQQ HV ]X HLQHU NXU]IUL VWLJHQ OHLFKWHQ *HUXFKVELOGXQJ NRPPHQ 'LH %HGLHQXQJ GHU .RFKVWHOOH *ODVNHUDPLNNRFKIOlFKH 'LH .RFKIOlFKH EHVWHKW DXV EHZlKUWHU *ODVNHUDPLN 'LH 2EHUIOlFKH LVW SRUHQIUHL XQG DXVVHUGHP XQHPS ILQGOLFK JHJHQ VFKQHOOH 7HPSHUDWXUVFKZDQNXQJHQ 7|SIH N|QQHQ GDKHU YRQ HLQHU KHLVVHQ DXI HLQH NDOWH =RQH JHVWHOOW ZHUGHQ %HLP (LQVFKDOWHQ GHU .RFK]RQHQ NDQQ HV NXU]]HLWLJ ]X HLQHP K|UEDUHQ 6XPPHQ LP +HL]N|USHU NRPPHQ 'LHVHV *HUlXVFK LVW SK\VLNDOLVFK EHGLQJW KDW NHLQH QHJDWLYH $XVZLUNXQJ DXI GLH )XQNWLRQ GHV *HUlWHV XQG YHUOLHUW VLFK ZHQQ GLH .RFK]RQH JHQJHQG HU ZlUPW LVW +DOWHQ 6LH DOOH *HJHQVWlQGH XQG 0DWHULDOLHQ GLH DQVFKPHO]HQ N|QQHQ YRQ GHU .RFKIOlFKH IHUQ ]% .XQVWVWRIIH $OXIROLHQ RGHU +HUGIR OLHQ 9RUVLFKW LVW EHL =XEHUHLWXQJHQ PLW =XFNHU RGHU ]XFNHU KDOWLJHQ 6SHLVHQ XQG )OVVLJNHLWHQ JHERWHQ ,VW YHUVH KHQWOLFK GRFK HWZDV DXI GLH *ODVNHUDPLNIOlFKH JHNRPPHQ PVVHQ 6LH GLHVHV VRIRUW XQEHGLQJW QRFK LP KHLVVHQ =XVWDQG PLW GHP 5HLQLJXQJV VFKDEHU HQWIHUQHQ XQG VDXEHU ZHJZLVFKHQ XP 2EHU IOlFKHQVFKl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lUPHDQ]HLJH =ZLVFKHQ GHQ EHLGHQ YRUGHUHQ .RFK]RQHQ EHILQGHW VLFK GLH 5HVWZlUPHDQ]HLJH PLW .RQWUROODPSHQ 'LHVH OHXFKWHQ DXI ZHQQ GLH 7HPSHUDWXU GHU HLQJH VFKDOWHWHQ .RFK]RQHQ DQVWHLJW XQG ZDUQHQ YRU XQEH GDFKWHU %HUKUXQJ $XFK QDFK GHP $XVVFKDOWHQ GHU .RFK]RQH HUOLVFKW GLH HQWVSUHFKHQGH /DPSH HUVW ZHQQ NHLQH 9HUEUHQQXQJVJHIDKU PHKU EHVWHKW EHL FD R&R& 5HVWZlUPHDQ]HLJH 'DV ULFKWLJH .RFKJHVFKLUU 6LQQYROOHU (QHUJLHYHUEUDXFK 8P (QHUJLH ]X VSDUHQ VROOWHQ 6LH QXU JHHLJQHWHV .RFK XQG %UDWJHVFKLUU PLW JODW WHP HEHQHP %RGHQ YHUZHQGHQ 7|SIH XQG 3IDQQHQ JUXQGVlW]OLFK YRU GHP (LQ VFKDOWHQ GHU .RFK]RQH DXIVHW]HQ 7|SIH XQG 3IDQQHQ LPPHU ZR P|JOLFK PLW GHP 'HFNHO YHUVFKOLHVVHQ GLH .RFK]RQH HLQLJH 0LQXWHQ YRU (QGH GHU .RFK ]HLW DEVFKDOWHQ XP GLH 5HVWZlUPH ]X QXW]HQ GLH 5HVWZlUPH GHU .RFK]RQHQ ]XP :DUPKDOWHQ YRQ 6SHLVHQ RGHU 6FKPHO]HQ QXW]HQ 7|SIH XQG 3IDQQHQ ]HQWULVFK DXIVHW]HQ .RFKW|SIH XQG 3IDQQHQ 7RSI XQG 3IDQQHQE|GHQ VROOWHQ QLFKW NOHLQHU VHLQ DOV GLH .RFK]RQH XQG P|JOLFKVW QLFKW JU|VVHU DOV PP EHU .RFK]RQHQGXUFKPHVVHU 9HUZHQGHQ 6LH QXU .RFK XQG %UDWJHVFKLUU PLW JODW WHP XQG HEHQHP %RGHQ 'HU %RGHQ VROO LPPHU VDXEHU XQG WURFNHQ VHLQ *DUHQ 6LH PLW JHVFKORVVHQHP 7RSIGHFNHO $FKWHQ 6LH DXI JODWWH XQG XQEHVFKlGLJWH %|GHQ GHQQ 7RSIE|GHQ PLW *UDWHQ XQG VFKDUIHQ 5lQGHUQ ZLUNHQ NUDW]HQG DXI GHU *ODVNHUDPLNIOlFKH .UDW]HU N|QQHQ DXFK GXUFK 6DQGN|UQHU ]% YRP YRU DQJHJDQJHQHQ *HPVHSXW]HQ GLH PLW GHP 7RSI EHU GLH .RFKIOlFKH JH]RJHQ ZHUGHQ RGHU GXUFK *UDWH XQG 5lQGHU DQ 7RSI XQG 3IDQQHQE|GHQ HQWVWH KHQ *HVFKLUU PLW $OXPLQLXP XQG .XSIHUE|GHQ NDQQ PHWDOOLVFKH 9HUIlUEXQJHQ DXI GHU *ODVNHUDPLNIOlFKH KLQWHUODVVHQ GLH QXU VFKZHU RGHU JDU QLFKW PHKU ]X HQWIHUQHQ VLQG 8P XQVFK|QH .UDW]HU DXI GHU *ODVNHUDPLNNRFKIOlFKH ]X YHUPHLGHQ VROOWHQ GLH 7|SIH XQG 3IDQQHQ EHLP 8PSODW]LHUHQ QLFKW YHUVFKREHQ VRQGHUQ DQJHKREHQ ZHUGHQ ,P NDOWHQ =XVWDQG VLQG GLH 7RSIE|GHQ EOLFKHUZHLVH OHLFKW FD PP QDFK LQQHQ JHZ|OEW NRQNDY 6LH GUIHQ DEHU DXI NHLQHQ )DOO QDFK DXVVHQ JHZ|OEW NRQYH[ VHLQ .RQWUROOLHUHQ 6LH QDFK *HEUDXFK GDVV GDV *HUlW DXVJHVFKDOWHW LVW $OOH 'UHKNQ|SIH XQG 7DVWHQ PVVHQ DXI GHU $863RVLWLRQ VWHKHQ NRQYH[ NRQNDY 5HLQLJXQJ XQG 3IOHJH =XP 5HLQLJHQ GHU *ODVNHUDPLNIOlFKH JHOWHQ GLH JOHL FKHQ *HVLFKWVSXQNWH ZLH IU *ODVIOlFKHQ $XI NHLQHQ )DOO VFKHXHUQGH RGHU DJJUHVVLYH 5HLQLJXQJVPLWWHO RGHU 6FKHXHUVDQG XQG 6FKZlPPH HWF PLW NUDW]HQGHU 2EHUIOlFKH YHUZHQGHQ 6SH]LDO5HLQLJXQJVPLWWHO XQG .OLQJHQVFKDEHU JLEW HV LQ :DUHQKlXVHUQ (OHNWUR)DFKJHVFKlIWHQ 'URJH ULH0lUNWHQ XQG LP /HEHQVPLWWHOKDQGHO 5HLQLJHQ QDFK MHGHP %HQXW]HQ /HLFKWH QLFKW IHVWJHEUDQQWH 9HUVFKPXW]XQ JHQ PLW HLQHP IHXFKWHQ 7XFK RGHU )DVHUWXFK RKQH 5HLQLJXQJVPLWWHO LP NDOWHQ =XVWDQG DEZLVFKHQ %HLP 9HUZHQGHQ YRQ 6SOPLWWHO N|QQHQ EOlXOLFKH 9HUIlUEXQJHQDXIWUHWHQ'LHVHKDUWQlFNLJHQ)OHN NHQ ODVVHQ VLFK QLFKW LPPHU EHLP HUVWHQ 5HLQLJHQ XQG RGHU QXU PLW *ODVNHUDPLN5HLQLJXQJVPLWWHO HQWIHUQHQ )HVWDQKDIWHQGH 9HUVFKPXW]XQJHQ LP NDOWHQ =XVWDQG PLW *ODVNHUDPLN5HLQLJXQJVPLWWHO XQG PLW HLQHP .OLQJHQVFKDEHU HQWIHUQHQ 'DQDFK PLW HLQHP IHXFKWHQ 7XFK GLH .RFKIOlFKH DEZLVFKHQ 1DFKUHLQLJHQ )OHFNHQ HQWIHUQHQ +HOOH SHUOPXWWIDUEHQH )OHFNHQ $OXPLQLXP 5FNVWlQGH N|QQHQ 6LH DXI GHP DEJHNKOWHQ .RFKIHOG PLW HLQHP *ODVNHUDPLN5HLQLJXQJVPLW WHO HQWIHUQHQ .DONUFNVWlQGH HWZD GXUFK EHUNR FKHQGHV :DVVHU N|QQHQ 6LH PLW 3XW]HVVLJ RGHU HLQHP *ODVNHUDPLN5HLQLJXQJVPLWWHO EHVHLWLJHQ %HLP (QWIHUQHQ YRQ =XFNHU ]XFNHUKDOWLJHQ 6SHLVHQ .XQVWVWRII RGHU $OXIROLH GDUI GLH EH WUHIIHQGH .RFK]RQH QLFKW DXVJHVFKDOWHW ZHUGHQ 6FKDEHQ 6LH VRIRUW GLH 5HVWH LQ KHLVVHP =X VWDQG PLW HLQHP .OLQJHQVFKDEHU JUQGOLFK YRQ GHU KHLVVHQ .RFK]RQH 6FKW]HQ 6LH ,KUH +lQGH YRU 9HUEUHQQXQJHQ 1DFK GHP (QWIHUQHQ GHU 9HU VFKPXW]XQJ NDQQ GLH .RFK]RQH DXVJHVFKDOWHW ZHUGHQ XQG LP HUNDOWHWHQ =XVWDQG PLW HLQHP *ODV NHUDPLN5HLQLJXQJVPLWWHO QDFKJHUHLQLJW ZHUGHQ 7UDJHQ 6LH GLH *ODVNHUDPLN5HLQLJXQJVPLWWHO QLFKW DXI GLH KHLVVH .RFK]RQH DXI $P EHVWHQ LVW HV GLH 5HLQLJXQJVPLWWHO OHLFKW DQWURFNQHQ ]X ODV VHQ XQG IHXFKW DE]XUHLEHQ 6ROOWHQ 5HLQLJXQJV PLWWHOUHVWH YRUKDQGHQ VHLQ ZLVFKHQ 6LH GLHVH PLW HLQHP IHXFKWHQ 7XFK 1DFKUHLQLJXQJ YRU GHP :LHGHUDXIKHL]HQ DE 6LH N|QQHQ VRQVW lW]HQG ZLU NHQ %HVRQGHUH 3UREOHP IlOOH %HVRQGHUH 3UREOHPIlOOH ZHQQ HLQ FKHPLVFKHU 5HLQLJHU QLFKW DXVUHLFKW 3UIHQ 6LH RE 6LH PLW GHP 5HLQLJXQJVVFKDEHU QLFKW VFKQHOOHU ]XP =LHO NRPPHQ ZHQQ GXQNOH )OHFNHQ HQWVWDQGHQ VLQG :HQQ GLH 5HLQLJXQJ PLW 5HLQLJXQJVVFKDEHU XQG (GHOVWDKO5HLQLJHU NHLQH %HVVHUXQJ EULQJW KDQGHOW HV VLFK YHUPXWOLFK XP DEJHVFKPLUJHOWHV 'HNRU YHUXUVDFKW GXUFK XQJHHLJQHWH 5HLQLJXQJVPLWWHO RGHU VFKHXHUQGH 7RSIE|GHQ 'LH )XQNWLRQVWFKWLJNHLW GHV .RFKIHOGHV LVW GDGXUFK QLFKW EHHLQWUlFKWLJW ZHQQ VLFK PHWDOOLVFKH 9HUIlUEXQJHQ DXI GHQ .RFK]RQHQ ]HLJHQ (V ZXUGHQ 7|SIH RGHU 3IDQQHQ PLW XQJHHLJQHWHP %RGHQ RGHU EHUZLHJHQG XQJHHLJQHWH 5HLQLJXQJVPLWWHO YHUZHQGHW 'LH 9HUIlUEXQJHQ ODVVHQ VLFK MHW]W QXU PKVDP PLW *ODVNHUDPLN RGHU (GHOVWDKO5HLQLJHU HQWIHUQHQ ZHQQ GLH 2EHUIOlFKH .UDW]HU RGHU 9HUWLHIXQJHQ DXIZHLVW 'LHVH 6FK|QKHLWVIHKOHU GXUFK NUDW]HQGH RGHU DQJHVFKPRO]HQH *HJHQVWlQGH YHUXUVDFKW N|QQHQ QLFKW PHKU EHKREHQ ZHUGHQ 'LH )XQNWLRQVWFKWLJNHLW GHV .RFKIHOGHV LVW GDGXUFK QLFKW EHHLQWUlFKWLJW %HL XQVDFKJHPlVVHU %HKDQGOXQJ GHU *ODVNHUD PLNNRFKIOlFKH EHUQHKPHQ ZLU NHLQH +DIWXQJ :DV WXQ LP )DOOH HLQHV 'HIHNWV " 6ROOWH GDV *ODVNHUDPLNNRFKIHOG HLQHQ *ODVEUXFK DXIZHLVHQ VR JHEHQ 6LH ELWWH GHU .XQGHQGLHQVW VWHOOH GLH GUHLVWHOOLJH =DKO ZHOFKH VLFK DXI GHU *ODVSODWWH EHILQGHW DQ 6&+277 &(5$19 .RFKVWHOOHQVFKDOWHU RGHU 7DVWHQ LQ GLH $86 3RVLWLRQ VWHOOHQ 6LFKHUXQJVDXWRPDWHQ DXVVFKDOWHQ E]Z 6LFKHUXQJHQ KHUDXVGUHKHQ 5HNODPDWLRQ EHL ,KUHP (OHNWULNHU RGHU GHU ]XVWlQGLJHQ .XQGHQGLHQVW PHOGHQ :LFKWLJ %LWWH JHEHQ 6LH GLH 3URGXNWQXPPHU 6HULHQXPPHU XQG GLH 0RGHOOEH]HLFKQXQJ GHV *ODVNHUDPLNNRFK IHOGHV LPPHU DQ EHL .XQGHQGLHQVWDQIRUGHUXQJ (UVDW]WHLO RGHU =XEHK|UEHVWHOOXQJ WHFKQLVFKHQ 5FNIUDJHQ 'LH 6HULHQXPPHU LVW YRU GHP (LQEDX GHV .RFKIHO GHV LQ GDV 7\SHQVFKLOG GLHVHU *HEUDXFKVDQZHL VXQJ ]X EHUWUDJHQ 'DV 2ULJLQDOW\SHQVFKLOG EHILQGHW VLFK DXI GHU XQWHUHQ 9HUNOHLGXQJ GHV *ODVNHUDPLNNRFKIHOGHV XQG LVW QDFK GHP (LQEDX QLFKW PHKU ]XJlQJOLFK 3URGXNWHQXPPHU 6HULHQXPPHU 0RGHOOEH]HLFKQXQJ 7.70 kW 400 V Prod-nr: 941 591 409 ~ 50 Hz Serie + S Typ 205.6kAPONJNNNC GK GS/58.2 R 7HFKQLVFKH 'DWHQ *. *6 5 $XVVHQPDVVH %UHLWH PP 7LHIH PP +|KH PP $XVVFKQLWWPDVVH %UHLWH PP PP 7LHIH PP PP 5DGLXV 5 5 $QVFKOXVVZHUWH 6SDQQXQJ 9 a +] +HL]N|USHU N: ,QVWDOODWLRQVDQZHLVXQJ 'DV *HUlW GDUI QXU GXUFK HLQHQ (OHNWUR IDFKPDQQ DQJHVFKORVVHQ ZHUGHQ %HLP (LQEDX XQG LP 6HUYLFHIDOO PXVV GHU (LQ EDXKHUG 5HFKDXG 6FKDOWNDVWHQ RGHU GLH HOHNWURQLVFKH 6WHXHUXQJ YRP 1HW] JHWUHQQW ZHUGHQ 6LFKHUXQJHQ DXVVFKDOWHQ RGHU KHU DXVQHKPHQ 'LH DOOJHPHLQHQ 5LFKWOLQLHQ IU GHQ %HWULHE YRQ (OHNWURJHUlWHQ GLH 9RUVFKULIWHQ GHV ]X VWlQGLJHQ (OHNWUL]LWlWV9HUVRUJXQJVXQWHU QHKPHQV XQG GLH $QJDEHQ GLHVHU ,QVWDOOD WLRQVDQZHLVXQJ VLQG JHQDX ]X EHDFKWHQ 6723 %HVFKlGLJWH *ODVNHUDPLNNRFKIHOGHU PLW 5LV VHQ RGHU %UFKHQ LQ GHU *ODVNHUDPLNIOlFKH GUIHQ QLFKW DQJHVFKORVVHQ ZHUGHQ $XVSDFNHQ %LWWH EHUSUIHQ 6LH GDVV GDV *ODVNHUDPLNNRFKIHOG LQ XQYHUVHKUWHP =XVWDQG DQJHOLHIHUW ZRUGHQ LVW *ODVNH UDPLNNRFKIHOG PLW RIIHQVLFKWOLFKHQ 7UDQVSRUWVFKlGHQ GUIHQ QLFKW DQJHVFKORVVHQ ZHUGHQ 9HUSDFNXQJ $OOH 9HUSDFNXQJVWHLOH VLQG UHF\FHOEDU )ROLHQ XQG +DUWVFKDXPWHLOH HQWVSUHFKHQG JHNHQQ ]HLFKQHW 9HUSDFNXQJVPDWHULDO ELWWH RUG QXQJVJHPlVV HQWVRUJHQ %HDFKWHQ 6LH ELWWH GLH QDWLRQDOHQ XQG UHJLRQDOHQ 9RU VFKULIWHQ XQG GLH 0DWHULDONHQQ]HLFKQXQJ 0DWHULDO WUHQQXQJ $EIDOOVDPPOXQJ :HUWVWRIIK|IH (LQEDX LQ GLH .FKHQ DUEHLWVSODWWH 'LH HOHNWULVFKH 6LFKHUKHLW LVW GXUFK IDFKJH UHFKWHQ (LQEDX VLFKHU]XVWHOOHQ 'HU %HUKUXQJVVFKXW] XQG GLH HOHNWULVFKH 6LFKHUKHLW JHPlVV 6(99'(%HVWLPPXQJHQ PVVHQ GXUFK GHQ RUGQXQJVJHPlVVHQ (LQ EDX GHV *ODVNHUDPLNNRFKIHOGHV LQ QRUPJH UHFKWH SDVVHQGH .FKHQDUEHLWVSODWWHQ VL FKHUJHVWHOOW VHLQ 'DV JLOW DXFK IU GHQ 8QWHUEDXVFKUDQN 'DV *ODVNHUDPLNNRFKIHOG GDUI YRQ XQWHQ QLFKW IUHL ]XJlQJOLFK VHLQ (LQEDXVFKUlQNH PVVHQ NLSSVLFKHU DXIJH VWHOOW XQG EHIHVWLJW ZHUGHQ 1RWLHUHQ 6LH GLH 6HULHQXPPHU YRP 7\SHQVFKLOG GHV *ODVNHUDPLNNRFKIHOGHV LQ GLH *HEUDXFKV XQG ,QVWDO ODWLRQVDQZHLVXQJ DXI 6HLWH 'LHVH 1XPPHU ZLUG EHL 6HUYLFHDQIRUGHUXQJHQ EHQ|WLJW 'DV (LQEDX*ODVNHUDPLNNRFKIHOG GDUI QXU PLW HLQHP (LQEDXKHUG 5HFKDXG 6FKDOWNDVWHQ RGHU HLQHU HOHNWURQLVFKHQ 6WHXHUXQJ GHV SDVVHQGHQ $QVFKOXVV6\VWHPV $GDSWHUNDEHO NRPELQLHUW ZHUGHQ %HL 9HUZHQGXQJ DQGHUHU (LQEDXKHUGH 5HFKDXG 6FKDOWNlVWHQ RGHU HOHNWURQLVFKHQ 6WHXHUXQJHQ ZLUG GLH HUWHLOWH 3UI]HLFKHQ*HQHKPLJXQJ XQJOWLJ XQG MHJOLFKH +DIWXQJ GXUFK GHQ +HUVWHOOHU DXVJHVFKORV VHQ (LQEDX*ODVNHUDPLNNRFKIHOGHU ZHUGHQ EOLFKHU ZHLVH EHU HLQHP (LQEDXKHUG 5HFKDXG 6FKDOWND VWHQ RGHU HOHNWURQLVFKHU 6WHXHUXQJ PRQWLHUW %HL (LQ EDX PLW HLQHP 5HFKDXG 6FKDOWNDVWHQ RGHU HOHNWURQLVFKHU 6WHXHUXQJ LVW DOV %HUKUXQJVVFKXW] HLQ =ZLVFKHQERGHQ HUIRUGHUOLFK (LQEDXPDVVH )LJ PLQ PP PP 'LH gIIQXQJ LQ GHU .FKHQDUEHLWVSODWWH XQG 8QWHUEDX VFKUDQN PXVV GHQ EOLFKHQ 0DVVHQ HQWVSUHFKHQ 'LH 0DVV6NL]]H JLEW ,KQHQ GLH EHQ|WLJWHQ +LQZHLVH 8QWHU GHP *ODVNHUDPLNNRFKIHOG PXVV HLQ IUHLHU $EVWDQG YRQ PLQGHVWHQV PP YRUKDQGHQ VHLQ )LJ 6FKXEODGHQ GUIHQ QXU PLW HLQHP $EGHFN EOHFK )LJ $%*. $UW 1U (LQEDX ]XEHK|U *ODVNHUDPLN XQWHU GHP .RFKIHOG PRQWLHUW VHLQ 'HU VHLWOLFKH $EVWDQG GHV .RFKIHOGHV ]X HLQHP +RFK VFKUDQN PXVV PLQGHVWHQV PP ]XU 5FNZDQG PLQ GHVWHQV PP EHWUDJHQ )LJ 'DV *HUlW HQWVSULFKW EH]JOLFK GHV 6FKXW]HV JH JHQ )HXHUJHIDKU GHP 7\S <,(& 1XU *H UlWH GLHVHV 7\SV GUIHQ HLQVHLWLJ DQ QHEHQVWH KHQGH +RFKVFKUlQNH RGHU :lQGH HLQJHEDXW ZHUGHQ PLQ PP PLQ PP )LJ PP (LQEDX LQ /DYD RGHU 6WHLQ )LJ 5 R5 8 $UEHLWVSODWWH QDFK YRUJHVFKULHEHQHP $XVVFKQLWW PDVV DXVVFKQHLGHQ )LJ 'LH 7ROHUDQ]PDVVH GUIHQ QLFKW EHUVFKULWWHQ ZHUGHQ R52 4– )XJH ]ZLVFKHQ *ODVNHUDPLN XQG 7LVFKSODWWH PLW JHHLJQHWHU 6LOLNRQPDVVH .OHEHU E DXVIOOHQ 1 470 57 'LH $UEHLWVSODWWH LP $XVVFKQLWWEHUHLFK JXW UHLQL JHQ %HLOLJHQGHV 0RRVJXPPLEDQG ]XU 6FKODJ GlPSIXQJ D DXI GLH $XVVFKQLWW$XIODJHIOlFKH DXINOHEHQ *ODVNHUDPLNSODWWH HLQOHJHQ XQG DXV ULFKWHQ GDPLW QDFK DOOHQ 6HLWHQ HLQH JOHLFK JURVVH )XJH HQWVWHKW 'LH *ODVNHUDPLNSODWWH ZLUG QLFKW EHIHVWLJW 'HWDLO $ R52 554 13 R55 60 0 48 9– 1 64 R42 47 0– = 1 5 55 1 58 49 6 = 'HU +HUVWHOOHU GHV *ODVNHUDPLN.RFKIHOGHV KDIWHW QLFKW IU XQVDFKJHPlVVHQ (LQEDX )LJ $XVEDX GHV *ODVNHUDPLNNRFKIHOGHV 5,5 581x496 R55 574x489 R52 b a 44 min.30 *ODVNHUDPLNNRFKIHOG XQG (LQEDXKHUG 5HFKDXG 6FKDOWNDVWHQ RGHU HOHNWURQLVFKH 6WHXHUXQJ VWURPIUHL PDFKHQ 'LH EDXVHLWV DQJHEUDFKWH 6LOLNRQ )XJHQ'LFKW PDVVH PLW JHHLJQHWHP 0HVVHU GHP *ODVUDQG HQW ODQJ LQ GHU NRPSOHWHQ )XJHQWLHIH DXIVFKQHLGHQ 'DV *ODVNHUDPLNNRFKIHOG YRQ XQWHQ DQ GHU 8QWHU EDXVFKDOH PLW 6FKUDXEHQ]LHKHU YRUVLFKWLJ DQKH EHQ %HL HUQHXWHP (LQEDX LVW ]X EHDFKWHQ GDVV GLH DOWH 6LOLNRQ0DVVH XQG GDV 0RRVJXPPLEDQG NRPSOHW VDXEHU HQWIHUQW XQG HLQ QHXHV 0RRVJXPPLEDQG ]XU 6FKODJGlPSIXQJ ZLHGHU PRQWLHUW ZLUG HUKlOW OLFK EHLP (UVDW]WHLOYHUNDXI 'HU (LQEDX HUIROJW QDFK RELJHP 7H[W 8 2 454x459 90 555x470 R42 (QWJHJHQ GHQ +DXVLQVWDOODWLRQVYRUVFKULIWHQ GHU 6(9 =LIIHU GDUI GDV (LQEDX*ODVNHUDPLNNRFKIHOG LQ EUHQQEDUHV 0DWHULDO HLQJHEDXW ZHUGHQ 7HLOH 6HL WHQZlQGH 9HUVWlUNXQJVOHLVWHQ HWF ZHOFKH LQ GHQ 5DXP XQWHUKDOE GHU .RFK]RQH KLQHLQUDJHQ PVVHQ DXV QLFKWEUHQQEDUHP 6WRII VHLQ %HJUHQ]XQJ GLHVHU 5DXP%UHLWH PP +|KH PP DE 8QWHUVHLWH GHV .RFKIHOGHV 7LHIH PP YRQ KLQWHQ EHL HLQHU 7LVFKWLHIH YRQ PP %UHQQEDUH :lQGH XQG 'HFNHQ PVVHQ REHUKDOE GHU .RFKIOl FKHQ JHPlVV GHP IU GDV EHWUHIIHQGH .DQWRQVJHELHW ]XVWlQGLJHQ IHXHUSROL]HLOLFKHQ 2UJDQ IHXHUKHP PHQG YHUNOHLGHW VHLQ (OHNWURDQVFKOXVV 9RU GHP $QVFKOXVV LVW ]X SUIHQ RE GLH DQJHJHEHQH 6SDQQXQJ DXI GHP 7\SHQVFKLOG DOVR GLH 1HQQVSDQ QXQJ GHV *HUlWHV PLW GHU YRUKDQGHQHQ 1HW]VSDQ QXQJ XQG GHU 1HQQVSDQQXQJ GHV .RPELQDWLRVQVJHUl WHV EHUHLQVWLPPW 'DV 7\SHQVFKLOG EHILQGHW VLFK DXI GHU XQWHUHQ 9HUNOHLGXQJ GHV *ODVNHUDPLNNRFKIHOGHV 'LH +HL]N|USHUVSDQQXQJ EHWUlJW $& 9 $XFK EHL lOWHUHQ 1HW]HQ PLW $& 9 DUEHLWHW GDV *HUlW HLQ ZDQGIUHL 'HU 1HW]DQVFKOXVV GHV (LQEDX+HUGHV 5HFKDXGV 6FKDOWNDVWHQV RGHU GHU HOHNWURQLVFKHQ 6WHXHUXQJ LVW VR DXV]XIKUHQ GDVV HLQH DOOSROLJH 7UHQQP|JOLFKNHLW PLW HLQHU .RQWDNW|IIQXQJVZHLWH YRQ PLQGHVWHQV PP ]% /6$XWRPDW ),6FKXW]VFKDOWHU RGHU 6L FKHUXQJ YRUKDQGHQ LVW 'HQ .DEHOEDXP PLW GHQ ]ZHL SROLJHQ .RPSDNW VWHFNHUQ HYWO $GDSWHUNDEHO PLW GHP *HJHQVWFN YRQ (LQEDX+HUG 5HFKDXG 6FKDOWNDVWHQ RGHU HOHNWURQLVFKHU 6WHXHUXQJ ]XVDPPHQIJHQ $FKWHQ 6LH ELWWH GDUDXI GDVV GLH 6WHFNHU IHVW HLQUD VWHQ 9HUZHFKVOXQJHQ VLQG EHL SROLJHQ 6WHFNHUQ NRQVWUXNWLRQVEHGLQJW QLFKW P|JOLFK 'UFNHQ 6LH GLH 9HUELQGXQJVNDEHO VHLWOLFK DXI GLH %DFNRIHQGHFNH (YWO YRUKDQGHQH 6FKXW]IROLHQ DXI GHU *ODVNHUDPLN NRFKIOlFKH DE]LHKHQ 1DFK GHP $QVFKOLHVVHQ DQ GLH 6WURPYHUVRU JXQJ VLQG DOOH .RFK]RQHQ ]XU 3UIXQJ GHU %H WULHEVEHUHLWVFKDIW QDFKHLQDQGHU LQ 0D[LPDO VWHOOXQJ NXU] FD 6HNXQGHQ HLQ]XVFKDO WHQ .XQGHQGLHQVW (UVDW]WHLOYHUNDXI *DUDQWLH 7KHUPD3KRQ &KqUH FOLHQWH FKHU FOLHQW 1RXV YRXV UHPHUFLRQV G·DYRLU FKRLVL XQH WDEOH GH FXLV VRQ YLWURFpUDPLTXH 7+(50$ $YHF FH SURGXLW YRXV DYH] RSWp SRXU O·LQQRYDWLRQ OD TXDOLWp HW OD GXUDELOLWp &H PDQXHO G·XWLOLVDWLRQ YRXV SHUPHW GH IDLUH SURJUHVVL YHPHQW FRQQDLVVDQFH DYHF YRWUH WDEOH GH FXLVVRQ YL WURFpUDPLTXH HW G·HQ H[SORLWHU WRXWHV OHV SRVVLELOLWpV GH PDQLqUH RSWLPDOH $YDQW GH SURFpGHU j OD SUHPLqUH PLVH HQ VHUYLFH QRXV YRXV SULRQV GH OLUH DWWHQWLYHPHQW OH FKDSLWUH ©5qJOHV GH VpFXULWp LPSRUWDQWHVª 1RXV YRXV UHFRPPDQGRQV GH FRQVHUYHU OH PDQXHO G·XWLOLVDWLRQ j SUR[LPLWp GH OD WDEOH GH FXLVVRQ DILQ TXH YRXV O·D\H] LPPpGLDWHPHQW VRXV OD PDLQ HQ FDV G·LQ FHUWLWXGH $SUHV YRXV DYH] SULV FRQQDLVVDQFH GX PRGH G·HPSORL QRXV YRXV SULRQV GH UHQYR\HU OD FDUWH GH JDUDQWLH UHPSOLH OH VHUYLFH DSUqVYHQWH j 0lJHQZLO &HW DSSDUHLO HVW FRQIRUPH DX[ GLUHFWLYHV &(( &(( &(( &(( ) 7DEOHV GHV PDWLqUHV 5qJOHV GH VpFXULWp LPSRUWDQWHV /D WDEOH GH FXLVVRQ YLWURFpUDPLTXH j HQFDVWUHU $YDQW OD SUHPLqUH XWLOLVDWLRQ /·XWLOLVDWLRQ GX SODQ GH FXLVVRQ /D EDWWHULH GH FXLVLQH DSSURSULpH 1HWWR\DJH HW VRLQV 4XH IDLUH HQ FDV GH GpIHFWXRVLWp" &DUDFWpULVWLTXHV WHFKQLTXHV ,QVWUXFWLRQV G·LQVWDOODWLRQ 6HUYLFH DSUqVYHQWH 7KHUDP3KRQ 6XUIDFH GH FXLVVRQ YLWURFpUDPLTXH (QFOHQFKHPHQWGpFOHQFKHPHQW HW UpJXODWLRQ =RQH GH FXLVVRQ j GHX[ FLUFXLWV ,QGLFDWHXU GH FKDOHXU UpVLGXHOOH &RQVRPPDWLRQ G·pQHUJLH MXGLFLHXVH &DVVHUROHV HW SRrOHV 1HWWR\HU DSUqV FKDTXH XWLOLVDWLRQ (OLPLQHU OHV WDFKHV *. *6 5 (QFDVWUHPHQW GDQV XQ SODQ GH WUDYDLO GH FXLVLQH &RWHV GH PRQWDJH 0RQWDJH GDQV OH ODYD RX OD SLHUUH 'HPRQWDJH GX WDEOH YLWURFpUDPLTXH 5DFFRUGHPHQW pOHFWULTXH 9HQWR GHV SLqFHV GH UHFKDQJH *DUDQWLH 5qJOHV GH VpFXULWp LPSRUWDQWHV 9HXLOOH] YRXV IDPLOLDULVHU DYHF OH PDQXHO G·XWLOLVD WLRQ DYDQW G·XWLOLVHU OD WDEOH GH FXLVVRQ SRXU OD SUHPLqUH IRLV 9HXLOOH] HQ SDUWLFXOLHU REVHUYHU OHV FRQVHLOV GH VpFXULWp PDUTXpV G·XQ 8WLOLVDWLRQ HW PDQLSXODWLRQ 9RXV pYLWHUH] DLQVL TX·LO \ DLW GHV GRPPDJHV DXVVL ELHQ VXU OHV SHUVRQQHV TXH VXU OD WDEOH GH FXLVVRQ &RQVHUYH] VRLJQHXVHPHQW FH PDQXHO G·XWLOLVD WLRQ HW WUDQVPHWWH]OH OH FDV pFKpDQW DX SURFKDLQ XWL OLVDWHXU (PSrFKH] TXH OHV SHWLWV HQIDQWV SXLVVHQW WRXFKHU OHV ]RQHV GH FXLVVRQ YLWURFpUDPLTXHV ORUVTXH FHOOHVFL IRQFWLRQQHQW '·XQH PDQLqUH JpQpUDOH LOV GHYUDLHQW rWUH WHQXV j O·pFDUW GHV IR\HUV DLQVL TXH GHV FDVVHUROHV HW GHV SRrOHV /HV HQIDQWV SHXYHQW pJDOHPHQW VH EU OHU HQ IDLVDQW WRPEHU XQH FDVVHUROH RX XQH SRrOH 9RWUH DSSDUDLO D pWp FRQoX SRXU XQ XVDJH FXOLQDLUH XQL TXHPHQW j O·H[FOXVLRQ G·DXWUHV ILQV ,O HVW FRQIRUPH DX[ SUHFULSWLRQV GH VpFXULWp HW DX[ QRUPHV GH TXDOLWp LQWHUQDWLRQDOHV /HV PHVXUHV GH VpFXULWp H[LVWDQWHV Q·H[FOXHQW SDU OHV ULVTXHV G·DFFLGHQW /D VpFXULWp DX QLYHDX pOHFWULTXH /·DSSDUHLO GRLW rWUH UDFFRUGp SDU XQ LQVWDOODWHXU pOHFWULFLHQ TXDOLILp 3RXU DVVXUHU OD VpFXULWp DX QL YHDX pOHFWULTXH OHV DSSDUHLOV j HQFDVWUHU GRLYHQW rWUH PRQWpV GDQV GHV DUPRLUHV SRXU pOpPHQWV j HQFDVWUHUSODQV GH WUDYDLO DSSURSULpV HW FRQIRU PHV DX[ QRUPHV 1·XWLOLVH] OD WDEOH GH FXLVVRQ TXH VHXOHPHQW ORUVTXH FHOOHFL DXUD pWp LQVWDOOpH 9RXV VHUH] DLQVL DVVXUp GH QH SDV WRXFKHU DFFLGHQWHOOHPHQW GHV FRPSRVDQWV pOHFWULTXHV /D WDEOH GH FXLVVRQ YLWURFpUDPLTXH j HQFDVWUHU QH SHXW rWUH FRPELQpH TX·DYHF GHV IRXUV HQFDVWUDEOHV GHV Up FKDXGV HQFDVWUDEOHV GHV ERvWHV GH FRPPDQGH HQ FDVWUDEOHV RX DYHF XQH FRPPDQGH pOHFWURQLTXH DX PR\HQ GX V\VWqPH GH FRQQH[LRQ VSpFLDO FkEOH DGDS WDWHXU YRLU LQVWUXFWLRQV G·LQVWDOODWLRQ 2EVHUYH] pJD OHPHQW OHV LQGLFDWLRQV GDQV OH PDQXHO G·LQVWDOODWLRQ HW G·XWLOLVDWLRQ ,O Q·HVW SDV SHUPLV GH UDFFRUGHU GHV WDEOHV GH FXLVVRQ HQGRPPDJpHV TXL SUpVHQWHQW GHV ILVVXUHV RX GHV FDVVXUHV VXU OD VXUIDFH YLWURFpUDPLTXH 3RXU GHV UDLVRQV GH VpFXULWp OHV UpSDUDWLRQV VXU O·DS SDUHLO HQ SDUWLFXOLHU VXU OHV pOpPHQWV FRQGXFWHXUV GH FRXUDQW QH SHXYHQW rWUH HIIHFWXpHV TXH SDU GHV VSp FLDOLVWHV pOHFWULFLHQV RX GHV WHFKQLFLHQV IRUPpV GX VHU YLFH DSUqVYHQWH VLQRQ LO SRXUUDLW HQ UpVXOWHU GHV ULV TXHV LPSRUWDQWV SRXU O·XWLOLVDWHXU (Q FDV GH GpUDQJHPHQW DGUHVVH]YRXV GLUHFWHPHQW j QRWUH VHUYLFH DSUqVYHQWH /HV FKDPSV GH FXLVVRQ GHYLHQQHQW UDSLGHPHQW FKDXGV GqV TX·LOV VRQW DOOXPpV &·HVW SRXUTXRL YRXV QH GHYH] OHV HQFOHQFKHU TX·DSUqV DYRLU PLV GHVVXV XQ Up FLSLHQW GH FXLVVRQ $LQVL YRXV pYLWH] pJDOHPHQW GH JDVSLOOHU GH O·pQHUJLH (Q FDV GH PDQRHXYUHV LQDWWHQWLYHV LO \ D ULVTXH GH EUOXUH VXU OHV ]RQHV GH FXLVVRQ (Q FDV GH FRXSXUH GH FRXUDQW WRXV OHV UpJODJHV HW DIIL FKHXUV VRQW HIIDFpV 'qV TXH OH FRXUDQW HVW UHYHQX OD SUXGHQFH V·LPSRVH FDU OHV SODTXHV FKDXIIpHV DYDQW OD SDQQH GH FRXUDQW QH VRQW SOXV VDLVLHV SDU O·DIILFKHXU 6L YRXV XWLOLVH] XQH SULVH GH FRXUDQW j SUR[LPLWp GX FKDPS GH FXLVVRQ YHLOOH] j FH TXH OH FkEOH GH O·DSSD UHLO pOHFWULTXH QH YLHQQH SDV WRXFKHU OH IR\HU 1·HQFOHQFKH] OHV ]RQHV GH FXLVVRQ TXH ORUVTX·XQH FDVVHUROH RX XQH SRrOH VH WURXYH GHVVXV /HV UpFL SLHQWV GH FXLVVRQ HW OHV IRQGV GH UpFLSLHQW GH FXLVVRQ GRLYHQW rWUH VHFV HW SURSUHV /HV ]RQHV GH FXLVVRQ VH GpWpULRUHQW VL HOOHV VRQW XWLOL VpHV VDQV UpFLSLHQW GH FXLVVRQ RX DYHF UpFLSLHQW YLGH RX VL RQ XWLOLVH GHV UpFLSLHQWV LQDSSURSULpV SDU H[ DYHF XQ IRQG GpIRUPp RX D\DQW XQ WURS SHWLW GLDPqWUH 1H SDV FRQVHUYHU GH SURGXLWV VHQVLEOHV j OD WHPSpUD WXUH RX LQIODPPDEOHV SDU H[ SURGXLWV GH QHWWR\DJH ERPEHV GH VSUD\ GDQV OH WLURLU RX OHV FDVLHUV VLWXpV VRXV O·DSSDUHLO j HQFDVWUHU /H SODQ GH FXLVVRQ QH GRLW SDV rWUH XWLOLVp FRPPH VXU IDFH GH GpS{W RX GH WUDYDLO /RUVTXH YRXV WUDYDLOOH] DYHF GHV KXLOHV RX GHV JUDLV VHV LO QH IDXGUDLW SDV ODLVVHU OH FKDPS GH FXLVVRQ VDQV VXUYHLOODQFH HQ UDLVRQ GX ULVTXH G·LQFHQGLH 1·XWLOLVH] SDV GH UpFLSLHQWV HQ PDWLqUH V\QWKpWLTXH RX HQ IHXLOOH G·DOXPLQLXP &HX[FL IRQGHUDLHQW DX[ WHP SpUDWXUHV pOHYpHV HW SRXUUDLHQW HQGRPPDJHU OD SOD TXH YLWURFpUDPLTXH /H VXFUH VRXV IRUPH VROLGH RX OLTXLGH DLQVL TXH OHV PDWLqUHV V\QWKpWLTXHV QH GRLYHQW SDV SDUYHQLU VXU OH FKDPS GH FXLVVRQ FKDXG /RUV GX UHIURLGLVVHPHQW GHV ILVVXUHV RX GHV FDVVXUHV SRXUUDLHQW VH IRUPHU VXU OD SODTXH YLWURFpUDPLTXH 6L GX VXFUH RX GHV PDWLqUHV V\QWKpWLTXHV GHYDLHQW SDU LQDGYHUWDQFH SDUYHQLU VXU OH FKDPS GH FXLVVRQ FKDXG Q·DUUrWH] FHOXLFL HQ DXFXQ FDV HW pOLPLQH] SOXW{W OHV UpVLGXV GH VXFUH RX GH PD WLqUH V\QWKpWLTXH DX PR\HQ G·XQ UDFORLU VSpFLDO 3URWp JH] YRWUH PDLQ GHV EUOXUHV 1·XWLOLVH] VXU OHV FKDPSV GH FXLVVRQ YLWURFpUDPLTXHV TXH GHV UpFLSLHQWV GH FXLVVRQ j IRQG SODW Q·D\DQW QL ERUG QL DUrWHV 'DQV OH FDV FRQWUDLUH LO SRXUUDLW \ DYRLU GHV UDLQXUHV LUUpPpGLDEOHV /D VXUIDFH GH FXLVVRQ YLWURFpUDPLTXH UpVLVWH DX[ FKRFV WKHUPLTXHV (OOHV HVW LQVHQVLEOH DXVVL ELHQ DX IURLG TX·DX FKDXG (YLWH] WRXWHIRLV GH ODLVVHU WRPEHU GHV REMHWV VXU OH FKDPS GH FXLVVRQ 8Q FKRF G j XQH IRUPH SRLQWXH FRPPH SDU H[HPSOH OD FKXWH G·XQ IOD FRQ GH FRQGLPHQWV SHXW GDQV GHV FDV GpIDYRUDEOHV SURYRTXHU GHV ILVVXUHV RX GHV pFODWV GDQV OD SODTXH YLWURFpUDPLTXH 1HWWR\DJH 'XUDQW OH QHWWR\DJH DXFXQ pOpPHQW GH FKDXIIH QH GRLW rWUH PLV VRXV WHQVLRQ 9HLOOH] j FH TXH OHV ]RQHV GH FXLVVRQ VH VRLHQW VXIILVDPPHQW UHIURLGLHV TX·DSUqV O·H[WLQFWLRQ GX WpPRLQ GH FKDOHXU UpVLGXHOOH SRXU TXH YRXV SXLVVLH] OHV WRXFKHU VDQV ULVTXH 7HQH] OD VXUIDFH YLWURFpUDPLTXH WRXMRXUV SURSUH 3RXU GHV UDLVRQV GH VpFXULWp DX QLYHDX pOHFWULTXH LO Q·HVW SDV SHUPLV G·XWLOLVHU SRXU OH QHWWR\DJH GHV DSSD UHLOV GH QHWWR\DJH j YDSHXU RX j KDXWH SUHVVLRQ (OLPLQDWLRQ 9HXLOOH] pOLPLQHU FRUUHFWHPHQW OHV DQFLHQV DS SDUHLOV 2EVHUYH] VYS OHV UpJOHPHQWDWLRQV QDWLRQDOHV HW UpJLRQDOHV HW UHVSHFWH] OH PDU TXDJH GHV PDWpULDX[ VpSDUDWLRQ GHV PDWp ULDX[ FROOHFWH GHV GpFKHWV GpS{WV SRXU PDWp ULDX[ GH YDOHXU /HV DOLPHQWV GpERUGDQWV ORUV GH OD FXLVVRQ SHXYHQW SDUYHQLU j WUDYHUV OHV HQGURLWV GpIHFWXHX[ MXVTX·DX[ SDUWLHV FRQGXFWULFHV GH FRXUDQW GX FKDPS GH FXLVVRQ /RUVTXH GHV IrOXUHV pFODWV RX ILVVXUHV DSSDUDLVVHQW VXU YRWUH WDEOH YLWURFpUDPLTXH DUUrWH] LPPpGLDWH PHQW OH FKDPS GH FXLVVRQ HW FRXSH] O·DSSDUHLO GX Up VHDX 3RXU FHOD GpFOHQFKH] OH FRXSHFLUFXLW RX UHWLUH] OD SULVH GH FRXUDQW HW DYLVH] HQVXLWH OH VHUYLFH DSUqV YHQWH 6XLYH] OHV LQVWUXFWLRQV UHODWLYHV DX[ VRLQV HW DX QHW WR\DJH GH OD SODTXH YLWURFpUDPLTXH 1RXV GpFOLQRQV WRXWH UHVSRQVDELOLWp HQ FDV GH WUDLWHPHQW LQDSSURSULp $SUqV O·XWLOLVDWLRQ FRQWU{OH] VL O·DSSDUHLO D pWp PLV KRUV WHQVLRQ 7RXV OHV ERXWRQV WRXUQDQWV GRLYHQW VH WURXYHU VXU OD SRVLWLRQ $55(7 6723 6WRS &H V\PEROH UHQG DWWHQWLI VXU GH JUDYHV GDQJHUHV GH EOHVVXUH ,O IDXW LPSpUDWLYHPHQW HQ WHQLU FRPSWH $WWHQWLRQ &H V\PEROH LQGLTXH XQ LQIRUPDWLRQ GRQW O·LQREVHUYDWLRQ SHXW FRQGXLUH j OD PLVH HQ SpULO GH SHUVRQQHV HWRX FDXVHU GHV GRPPDJHV PDWpULHOV LPSRUWDQWV &HV FRQVLJQHV GH VpFXULWp GRLW rWUH DEVROXPHQW UHVSHFWpHV ,QGLFDWLRQ &H V\PEROH UHQYRLH j XQH LQIRUPDWLRQ FRPSUHQDQW GHV UHQVHLJQHPHQWV LPSRUWDQW UHODWLIV j O·XWLOLVDWLRQ GH O·DSSDUHLO /D QRQREVHUYDWLRQ GH FHOXLFL SHXW SURYRTXHU GHV GpUDQJHPHQWV /D WDEOH GH FXLVVRQ YLWURFpUDPLTXH j HQFDVWUHU =RQHV GH FXLVVRQ 3ODTXH YLWURFpUDPLTXH 9XH GH GHVVXV GH O·DSSDUHLO =RQH GH FXLVVRQ j GHX[ FLUFXLWV [ PP : =RQH GH FXLVVRQ PP : =RQH GH FXLVVRQ PP : =RQH GH FXLVVRQ PP : 7pPRLQV GH FKDOHXU UpVLGXHOOH $YDQW OD SUHPLqUH XWLOLVDWLRQ 1HWWR\DJH LQLWLDO 3RXU pOLPLQHU G·pYHQWXHOOHV WUDFHV GH IDEULFDWLRQ OD WDEOH GH FXLVVRQ GRLW rWUH QHWWR\pH DYDQW O·XWLOLVDWLRQ /DYHU OD VXUIDFH YLWURFpUDPLTXH HW OH FDGUH j O·HDX FKDXGH DYHF GX SURGXLW GH ODYDJH HW XQ FKLIIRQ QH UD\ DQW SDV SXLV HVVX\HU MXVTX·j FH TX·LOV VRLHQW VHFV &KDXIIDJH LQLWLDO &RQWU{OHU FKDTXH ]RQH GH FXLVVRQ HQ OHV HQFOHQFKDQW EULqYHPHQW O·XQH DSUqV O·DXWUH /RUV GH OD SUHPLqUH XWLOLVDWLRQ LO SHXW \ DYRLU XQ OpJHU GpJDJHPHQW G·RGHXU /·XWLOLVDWLRQ GX SODQ GH FXLVVRQ 6XUIDFH GH FXLVVRQ YLWURFpUDPLTXH /D VXUIDFH GH FXLVVRQ VH FRPSRVH G·XQH YLWURFpUDPL TXH pSURXYpH /D VXUIDFH HVW H[HPSWH GH SRURVLWpV HW GH VXUFURLW LQVHQVLEOH DX[ YDULDWLRQV UDSLGHV GH WHP SpUDWXUH 3DU FRQVpTXHQW OHV FDVVHUROHV SHXYHQW rWUH GpSODFpHV G·XQH ]RQH FKDXGH j XQH ]RQH IURLGH 8Q URQURQQHPHQW DXGLEOH EUHI SHXW VXUYHQLU GDQV OH FRUSV GH FKDXIIH j O·HQFOHQFKHPHQW GHV ]RQHV GH FXLVVRQ &H EUXLW HVW G j GHV UDLVRQV SK\VLTXHV ,O Q·D DXFXQH UpSHUFXVVLRQ QpJDWLYH VXU OH IRQFWLRQQHPHQW GH O·DSSDUHLO HW GLVSDUDLW GqV TXH OD ]RQH GH FXLVVRQ HVW VXIILVDPPHQW FKDXGH 7HQH] j O·pFDUW GH OD VXUIDFH GH FXLVVRQ WRXV OHV REMHWV HW PDWpULDX[ SRXYDQW IRQGUH SDU H[ OHV PDWLqUHV V\QWKpWLTXHV OHV IHXLOOHV G·DOX RX IHXLOOHV GH VROH /D SUXGHQFH V·LPSRVH SRXU OHV SUpSDUDWLRQV DX VXFUH RX SRXU OHV DOLPHQWV HW OLTXLGHV FRQWHQDQW GX VXFUH 6L TXHOTXH FKRVH D pWp UpSDQGX SDU LQDGYHUWDQFH VXU OD VXUIDFH YLWURFpUDPLTXH FHOD GHYUD rWUH LPPpGLDWH PHQW QHWWR\p SHQGDQW TXH F·HVW HQFRUH FKDXG DX PR\HQ G·XQ UDFORLU GH QHWWR\DJH SXLV HVVX\p SUR SUHPHQW SRXU pYLWHU G·HQGRPPDJHU OD VXUIDFH (QFOHQFKHPHQW GpFOHQFKHPHQW HW UpJXODWLRQ /HV ]RQHV GH FXLVVRQ VRQW HQFOHQFKpHV GpFOHQFKpHV RX UpJXOpHV DX PR\HQ GHV UpJXODWHXUV G·pQHUJLH PRQWpV VXU XQ IRXU HQFDVWUDEOH XQ UpFKDXG HQFDVWUD EOH RX XQH ERvWH GH FRPPDQGH HQFDVWUDEOH RX DX PR\HQ G·XQH FRPPDQGH pOHFWURQLTXH =RQH GH FXLVVRQ j GHX[ FLUFXLWV /D ]RQH GH FXLVVRQ GHUULqUH JDXFKH HVW pTXLSpH GH GHX[ FLUFXLWV GH FKDXIIH /H SHWLW FLUFXLW GH FKDXIIH SHXW rWUH HQFOHQFKp VpSDUpPHQW GX JUDQG FLUFXLW GH FKDXIIH RX HQ SDUDOOqOH DYHF FHOXLFL 9HXLOOH] REVHUYHU OHV LQVWUXFWLRQV GDQV OH PDQXHO G·XWLOLVDWLRQ VpSDUp )RXU HQFDVWUDEOH UpFKDXG HQFDVWUDEOH ERvWH GH FRP PDQGH HQFDVWUDEOH RX FRPPDQGH pOHFWURQLTXH ,QGLFDWHXU GH FKDOHXU UpVLGXHOOH /·LQGLFDWHXU GH FKDOHXU UpVLGXHOOH HVW FRPSRVp GH YR\DQWV VH WURXYDQW HQWUH OHV ]RQHV GH FXLVVRQ DYDQW &HX[FL V·DOOXPHQW TXDQG OD WHPSpUDWXUH GHV ]RQHV GH FXLVVRQ HQFOHQFKpHV DXJPHQWH HW VLJQDOHQW OH ULVTXH G·XQ FRQWDFW LUUpIOpFKL 0rPH ORUVTXH OD ]RQH GH FXLVVRQ D pWp PLVH KRUV WHQVLRQ OH YR\DQW FRUUHV SRQGDQW QH V·pWHLQW TXH ORUVTX·LO Q·\ D SOXV GH ULVTXH GH EUOXUH j HQYLURQ R& R& ,QGLFDWHXU GH FKDOHXU UpVLGXHOOH /D EDWWHULH GH FXLVLQH DSSURSULpH &RQVRPPDWLRQ G·pQHUJLH MXGLFLHXVH 3RXU pFRQRPLVHU GH O·pQHUJLH YRXV GHYULH] Q·XWLOLVHU TXH GHV UpFLSLHQWV GH FXLVVRQ HW GH IULWXUH DX IRQG OLVVH HW SODW WRXMRXUV GpSRVHU OHV FDVVHUROHV HW SRrOHV VXU OD ]RQH GH FXLVVRQ DYDQW GH O·HQFOHQFKHU GDQV OD PHVXUH GX SRVVLEOH WRXMRXUV IHUPHU OHV FDVVHUROHV RX OHV SRrOHV DX PR\HQ GX FRXYHUFOH GpFOHQFKHU OD ]RQH GH FXLVVRQ TXHOTXHV PLQXWHV DYDQW OD ILQ GH OD FXLVVRQ DILQ G·XWLOLVHU OD FKDOHXU UpVLGXHOOH XWLOLVHU OD FKDOHXU UpVLGXHOOH GHV ]RQHV GH FXLVVRQ SRXU WHQLU DX FKDXG OHV DOLPHQWV RX IDLUH IRQGUH 3RVHU OHV FDVVHUROHV RX OHV SRrOHV DX FHQWUH &DVVHUROHV HW SRrOHV /HV FDVVHUROHV HW OHV SRrOHV QH GRLYHQW SDV rWUH SOXV SHWLWHV TXH OD ]RQH GH FXLVVRQ HW GDQV OD PHVXUH GX SRVVLEOH QH SDV GpSDVVHU GH SOXV GH PP OH GLD PqWUH GH OD ]RQH GH FXLVVRQ 1·XWLOLVHU TXH GHV EDWWHULHV GH FXLVLQH FRPSUHQDQW GHV UpFLSLHQWV DX IRQG OLVVH HW SODW /H IRQG GRLW WRXMRXUV rWUH SURSUH HW VHF 7RXMRXUV PLMR WHU DYHF OH FRXYHUFOH IHUPp 9HLOOHU j FH TXH OHV IRQGV VRLHQW OLVVHV HW LQWDFWV FDU OHV IRQGV GH FDVVHUROH DYHF GHV DUrWHV RX GHV ERUGV DX[ DUrWHV YLYHV JpQpUHQW GHV UD\XUHV VXU OD VXUIDFH YLWURFpUDPLTXH /HV UD\XUHV SHXYHQW rWUH pJDOHPHQW GXHV j GHV JUDLQV GH VDEOH SURYHQDQW SDU H[ G·XQ QHWWR\DJH SUpDODEOH GH OpJXPHV TXL VRQW WLUpV SDU OD FDVVHUROH VXU OD VXU IDFH GH FXLVVRQ RX HQFRUH j GHV DUrWHV RX j GHV ERUGV GH IRQG GH FDVVHUROH RX GH SRrOH /HV UpFLSLHQWV DX IRQG HQ DOXPLQLXP RX HQ FXLYUH SHX YHQW ODLVVHU GHV WUDFHV GH GpFRORUDWLRQ PpWDOOLTXH VXU OD VXUIDFH YLWURFpUDPLTXH OHVTXHOOHV QH SHXYHQW DORUV rWUH pOLPLQpHV TXH GLIILFLOHPHQW RX SDV GX WRXW 3RXU pYLWHU G·DYRLU GHV UD\XUHV GLVJUDFLHXVHV VXU OD VXUIDFH GH FXLVVRQ YLWURFpUDPLTXH LO IDXGUDLW QH SDV SRXVVHU OHV FDVVHUROHV RX OHV SRrOHV SRXU OHV GpSODFHU PDLV SOXW{W OHV VRXOHYHU $ O·pWDW IURLG OHV IRQGV GH FDVVHUROHV VRQW HQ JpQpUDO OpJqUHPHQW ERPEpV YHUV O·LQWpULHXU FRQFDYHV G·HQYL URQ PP ,OV QH GRLYHQW HQ DXFXQ FDV rWUH ERP EpV YHUV O·H[WpULHXU FRQYH[HV 9pULILH] DSUqV XWLOLVDWLRQ VL OD WDEOH GH FXLVVRQ D pWp PLVH KRUV WHQVLRQ 7RXV OHV ERXWRQV WRXU QDQWV HW WRXFKHV GRLYHQW VH WURXYHU VXU OD SRVL WLRQ $55(7 FRQYH[ FRQNDY 1HWWR\DJH HW VRLQV 3RXU QHWWR\HU OD YLWURFpUDPLTXH LO IDXW DSSOLTXHU OHV PrPHV FULWqUHV TXH SRXU OHV VXUIDFHV HQ YHUUH 1H MDPDLV XWLOLVHU GH SURGXLWV GH QHWWR\DJH Up FXUDQWV RX DJUHVVLIV GH OD SRXGUH j UpFXUHU RX GHV pSRQJHV HWF j VXUIDFH UXJXHXVH ,O \ D GHV SURGXLWV GH QHWWR\DJH VSpFLDX[ HW GHV JUDW WRLUV j ODPH GDQV OHV JUDQGHV VXUIDFHV OHV FRPPHU FHV VSpFLDOLVpV HQ PDWpULHO pOHFWULTXH OHV FRPPHUFHV GH GURJXHULH DLQVL TXH OHV FRPPHUFHV G·DOLPHQWDWLRQ 1HWWR\HU DSUqV FKDTXH XWLOLVDWLRQ /HV VDOLVVXUHV OpJqUHV HW QRQ LQFUXVWpHV V·HQ OqYHQW ORUVTX·HOOHV VRQW IURLGHV DX PR\HQ G·XQ FKLIIRQ KXPLGH RX G·XQ FKLIIRQ DEVRUEDQW VDQV HPSOR\HU GH SURGXLWV GH QHWWR\DJH 6L YRXV XWLOLVH] GHV SURGXLWV GH ODYDJH GHV GpFR ORUDWLRQV EOHXkWUHV SHXYHQW DSSDUDvWUH &HV WD FKHV UpVLVWDQWHV QH SHXYHQW SDV WRXMRXUV rWUH pOL PLQpHV ORUV GX SUHPLHU QHWWR\DJH HWRX VHXOHPHQW DYHF GX SURGXLW GH QHWWR\DJH SRXU YL WURFpUDPLTXH /HV VDOLVVXUHV j IRUWH DGKpUHQFH SHXYHQW rWUH HQOHYpHV j IURLG DX PR\HQ G·XQ SURGXLW GH QHW WR\DJH SRXU YLWURFpUDPLTXH HW G·XQ UDFORLU j ODPH (QVXLWH HVVX\HU OD VXUIDFH GH FXLVVRQ j O·DLGH G·XQ FKLIIRQ KXPLGH QHWWR\DJH XOWpULHXU (OLPLQHU OHV WDFKHV /HV WDFKHV FODLUHV GH FRXOHXU QDFUH UpVLGXV G·DOXPLQLXP SHXYHQW rWUH pOLPLQpHV GH VXU OD WD EOH GH FXLVVRQ UHIURLGLH DX PR\HQ G·XQ SURGXLW GH QHWWR\DJH SRXU YLWURFpUDPLTXH /HV WUDFHV GH FDO FDLUH GXHV SDU H[ j XQ GpERUGHPHQW G·HDX VXU FKDXIIpH SHXYHQW rWUH pOLPLQpHV DYHF GX YLQDLJUH GH QHWWR\DJH RX DYHF XQ SURGXLW GH QHWWR\DJH SRXU YLWURFpUDPLTXH 3RXU pOLPLQHU GX VXFUH GHV DOLPHQWV FRQWH QDQW GX VXFUH GH OD PDWLqUH V\QWKpWLTXH RX GH OD IHXLOOH G·DOXPLQLXP OD ]RQH GH FXLVVRQ FRQFHUQpH QH GRLW SDV rWUH PLVH KRUV WHQVLRQ (OLPLQH] LPPpGLDWHPHQW HW j IRQG OHV UHVWHV j O·p WDW FKDXG GH VXU OD ]RQH GH FXLVVRQ FKDXGH DX PR\HQ G·XQ UDFORLU j ODPH 3URWpJH] YRV PDLQV GHV EUOXUHV 8QH IRLV OD VDOLVVXUH pOLPLQpH OD ]RQH GH FXLVVRQ SHXW rWUH pWHLQWH SXLV QHWWR\pH GH QRXYHDX DX PR\HQ G·XQ SURGXLW GH QHWWR\DJH SRXU YLWURFpUDPLTXH ORUVTXH TX·HOOH VHUD UHGHYH QXH IURLGH 1·DSSOLTXH] SDV OHV SURGXLWV GH QHWWR\DJH SRXU YL WURFpUDPLTXH VXU XQH ]RQH GH FXLVVRQ FKDXGH /H PLHX[ HVW GH ODLVVHU VpFKHU OH SURGXLW GH QHW WR\DJH SXLV GH O·HVVX\HU HQ KXPLGLILDQW 6·LO GHYDLW UHVWHU GHV UpVLGXV GH SURGXLWV GH QHWWR\DJH pOLPL QH] FHX[FL HQ OHV HVVX\DQW j O·DLGH G·XQ FKLIIRQ KXPLGH QHWWR\DJH XOWpULHXU DYDQW GH FKDXIIHU GH QRXYHDX 6LQRQ FHX[FL SRXUUDLHQW GHYHQLU FRUUR VLIV 3UREOqPHV SDUWLFXOLHUV 3UREOqPHV SDUWLFXOLHUV VL XQ SURGXLW GH QHWWR\DJH FKLPLTXH QH VXIILW SDV 9R\H] VL YRXV Q·DUULYH] SDV SOXV YLWH j YRV ILQV DYHF OH JUDWWRLU GH QHWWR\DJH VL GHV WDFKHV VRPEUHV VRQW DSSDUXHV 6L OH QHWWR\DJH DX PR\HQ GX UDFORLU GH QHWWR\DJH HW G·XQ SURGXLW GH QHWWR\DJH SRXU DFLHU LQR[ Q·DSSRUWH SDV G·DPpOLRUDWLRQ LO V·DJLW YUDLVHPEODEOHPHQW G·XQ GpFRU TXL D pWp DEUDVp j FDXVH G·XQ SURGXLW GH QHWWR\DJH LQDSSURSULp RX GH IRQGV GH FDVVHUROH WUHPEORWDQWV /D FDSDFLWp GH IRQFWLRQQHPHQW GH OD WDEOH GH FXLVVRQ QH V·HQ WURXYH SDV DOWpUpH VL GHV GpFRORUDWLRQV PpWDOOLTXHV DSSDUDLVVHQW VXU OHV ]RQHV GH FXLVVRQ 'HV FDVVHUROHV RX GHV SRrOHV DX IRQG LQDGDSWp RX VXUWRXW GHV SURGXLWV GH QHWWR\DJH LQDSSURSULpV RQW pWp XWLOLVpV $ SUpVHQW FHV GpFRORUDWLRQV QH SHXYHQW rWUH pOLPLQpHV TX·DYHF SHLQH j O·DLGH G·XQ SURGXLW GH QHWWR\DJH SRXU YLWURFpUDPLTXH RX DFLHU LQR[ VL OD VXUIDFH SUpVHQWH GHV UD\XUHV RX GHV FDYLWpV &HV GpIDXWV G·DVSHFW GXV j GHV REMHWV DEUDVLIV RX D\DQW IRQGX QH SHXYHQW SOXV rWUH pOLPLQpV /D FDSDFLWp GH IRQFWLRQQHPHQW GH OD WDEOH GH FXLVVRQ QH V·HQ WURXYH SDV DOWpUpH 1RXV GpFOLQRQV WRXWH UHVSRQVDELOLWp HQ FDV GH WUDLWHPHQW LQDSSURSULp GH OD VXUIDFH GH FXLVVRQ YLWURFpUDPLTXH 0HWWUH OHV LQWHUUXSWHXUV GH IR\HU RX OHV WRXFKHV VXU OD SRVLWLRQ $55(7 0HWWH] OHV FRXSHFLUFXLW DXWRPDWLTXHV KRUV WHQVLRQ UHVS UHWLUHU OHV IXVLEOHV $QQRQFH] YRWUH UpFODPDWLRQ j YRWUH pOHFWULFLHQ RX DX VHUYLFH DSUqVYHQWH FRPSpWHQW 6L OD WDEOH GH FXLVVRQ GHYDLW SUpVHQWHU XQH FDVVXUH GDQV OH YHUUH YHXLOOH] DORUV LQGLTXHU DX SRLQW GH VHUYLFH DSUqVYHQWH OH QXPpUR j WURLV FKLIIUHV VH WURXYDQW VXU OD SODTXH HQ YHUUH 6&+277 &(5$19 4XH IDLUH HQ FDV GH GpIHFWXRVLWp" ,PSRUWDQW 9HXLOOH] WRXMRXUV LQGLTXHU OH QXPpUR GH SURGXLW OH QXPpUR GH VpULH HW OD GpVLJQDWLRQ GH PRGqOH GH OD WDEOH GH FXLVVRQ YLWURFpUDPLTXH SRXU IDLUH DSSHO DX VHUYLFH DSUqVYHQWH FRPPDQGHU GHV SLqFHV GH UHFKDQJH RX GHV DFFHVVRLUHV GHPDQGHU GHV SUpFLVLRQV WHFKQLTXHV /H QXPpUR GH VpULH GRLW rWUH UHSRUWp GDQV OD SOD TXH VLJQDOpWLTXH GH FH PDQXHO G·XWLOLVDWLRQ DYDQW GH SURFpGHU j O·LQVWDOODWLRQ GH OD WDEOH GH FXLVVRQ /D SODTXH VLJQDOpWLTXH G·RULJLQH VH WURXYH VXU O·KDELO ODJH LQIpULHXU GH OD WDEOH GH FXLVVRQ YLWURFpUDPLTXH HW GH FH IDLW Q·HVW SOXV DFFHVVLEOH DSUqV OH PRQWDJH 1XPpUR GH SURGXLW 1XPpUR GH VpULH 'pVLJQDWLRQ GX PRGHOOR 7.70 kW 400 V Prod-nr: 941 591 409 ~ 50 Hz Serie + S Typ 205.6kAPONJNNNC GK GS/58.2 R &DUDFWpULVWLTXHV WHFKQLTXHV *. *6 5 'LPHQVLRQV H[WpULHXUHV ORQJXHXU PP ODUJHXU PP KDXWHXU PP 'LPHQVLRQV O·RXYHUWXUH ORQJXHXU PP PP ODUJHXU PP PP UD\RQ 5 5 3XLVVDQFH LQVWDOOpH 7HQVLRQ 9 a +] &RUSV GH FKDXIIH N: ,QVWUXFWLRQV G·LQVWDOODWLRQ /·DSSDUHLO QH GRLW rWUH UDFFRUGp TXH SDU XQ pOHFWULFLHQ TXDOLILp /RUV GX PRQWDJH HW HQ FDV GH UpYLVLRQ OH IRXU HQFDVWUDEOH OH UpFKDXG HQFDVWUDEOH OD ERvWH GH FRPPDQGH HQFDVWUDEOH RX OD FRPPDQGH pOHFWURQLTXH GRLW rWUH FRXSp GX UpVHDX HQ PHWWDQW OHV FRXSHFLUFXLWV KRUV WHQVLRQ RX HQ UHWLUDQW OHV IXVLEOHV /HV GLUHFWLYHV JpQpUDOHV VXU O·H[SORLWDWLRQ GHV DSSDUHLOV pOHFWULTXHV OHV SUHVFULSWLRQV GX IRXUQLVVHXU G·pOHFWULFLWp FRPSpWHQW DLQVL TXH OHV LQGLFDWLRQV FRQWHQXHV GDQV OH PDQXHO G·LQ VWDOODWLRQ GRLYHQW rWUH VFUXSXOHXVHPHQW RE VHUYpHV 6723 ,O Q·HVW SDV SHUPLV GH UDFFRUGHU GHV WDEOHV GH FXLVVRQ YLWURFpUDPLTXHV HQGRPPDJpHV HW FRPSRUWDQW GHV ILVVXUHV RX GHV FDVVXUHV VXU OD VXUIDFH YLWURFpUDPLTXH 'pEDOODJH 9HXLOOH] YpULILHU VL OD WDEOH GH FXLVVRQ YLWURFpUDPLTXH D pWp OLYUpH GDQV XQ pWDW LQWDFW ,O Q·HVW SDV SHUPLV GH UDFFRUGHU GH UDFFRUGHU XQH WDEOH GH FXLVVRQ YLWURFpUD PLTXH SUpVHQWDQW GHV GRPPDJHV pYLGHQWV (PEDOODJH 7RXV OHV pOpPHQWV G·HPEDOODJH VRQW UHF\FOD EOHV HW OHV IHXLOOHV DLQVL TXH OHV pOpPHQWV HQ FDRXWFKRXF GXU RQW pWp PDUTXpV GH PDQLqUH DSSURSULpH 9HXLOOH] pOLPLQHU FRUUHFWHPHQW OH PDWpULHO G·HPEDOODJH 5HVSHFWHU V Y S OHV UpJOHPHQWDWLRQV QDWLRQDOHV HW Up JLRQDOHV HW WHQLU FRPSWH GX PDUTXDJH GHV PDWpULDX[ VpSDUDWLRQ GHV PDWpULDX[ FROOHFWH GH GpFKHWV Gp S{WV SRXU PDWpULDX[ YDODEOHV (QFDVWUHPHQW GDQV XQ SODQ GH WUDYDLO GH FXLVLQH /D VpFXULWp DX QLYHDX pOHFWULTXH GRLW rWUH DVVX UpH SDU XQ PRQWDJH DSSURSULp /D SURWHFWLRQ FRQWUH OHV FRQWDFWV DFFLGHQWHOV HW OD VpFXULWp pOHFWULTXH FRQIRUPHV DX[ GLV SRVLWLRQV $6(9'( GRLYHQW rWUH DVVXUpHV SDU XQ PRQWDJH FRUUHFW GH OD WDEOH GH FXLVVRQ YL WURFpUDPLTXH GDQV GHV SODQV GH WUDYDLO GH FXL VLQH DGDSWpV &HOD V·DSSOLTXH pJDOHPHQW j O·DUPRLUH LQIpULHXUH /D WDEOH GH FXLVVRQ YLWUR FpUDPLTXH QH GRLW SDV rWUH DFFHVVLEOH j SDUWLU GX GHVVRXV /HV DUPRLUHV j HQFDVWUHU GRLYHQW rWUH PRQWpHV HW IL[pHV GH IDoRQ j SUpYHQLU XQ UHQYHUVHPHQW 1RWH] OH QXPpUR GH VpULH GH OD SODTXH VLJQDOpWLTXH GH OD WDEOH GH FXLVVRQ YLWURFpUDPLTXH VXU OD SDJH GX PDQXHO G·LQVWDOODWLRQ HW G·XWLOLVDWLRQ &H QXPpUR HVW LQ GLVSHQVDEOH SRXU IDLUH DSSHO DX VHUYLFH DSUqVYHQWH /D WDEOH GH FXLVVRQ YLWURFpUDPLTXH j HQFDVWUHU QH SHXW rWUH FRPELQpH TX·DYHF XQ IRXU HQFDVWUDEOH XQ UpFKDXG HQFDVWUDEOH XQH ERvWH GH FRPPDQGH HQFDVWUDEOH RX j XQH FRPPDQGH pOHFWURQLTXH GX V\VWqPH GH FRQQH[LRQ DSSURSULp FkEOH DGDSWD WHXU 6L YRXV XWLOLVH] G·DXWUHV IRXUV HQFDVWUDEOHV UpFKDXGV HQFDVWUDEOHV ERvWHV GH FRPPDQGH HQFDVWUDEOHV RX G·DXWUHV FRPPDQGHV pOHFWURQLTXHV O·KRPRORJDWLRQ TXL D pWp DFFRUGpH GHYLHQGUD FDGXTXH HW OH IDEULFDQW GpFOLQHUD WRXWH UHVSRQVDELOLWp 1RUPDOHPHQW OHV WDEOHV GH FXLVVRQ YLWURFpUDPLTXHV j HQFDVWUHU VRQW PRQWpHV DXGHVVXV G·XQ IRXU HQFDV WUDEOH G·XQ UpFKDXG HQFDVWUDEOH G·XQH ERvWH GH FRP PDQGH RX G·XQH FRPPDQGH pOHFWURQLTXH (Q FDV G·LQ VWDOODWLRQ DYHF XQ UpFKDXG XQH ERvWH GH FRPPDQGH RX XQH FRPPDQGH pOHFWURQLTXH LO IDXW LPSpUDWLYHPHQW PRQWHU XQ IRQG LQWHUPpGLDLUH VHUYDQW GH SURWHFWLRQ FRQWUH OHV FRQWDFWV DFFLGHQWHOV )LJ PLQ PP PP &RWHV GH PRQWDJH /·RXYHUWXUH GDQV OH SODQ GH WUDYDLO GH FXLVLQH HW O·DU PRLUH LQIpULHXUH GRLW FRUUHVSRQGUH DX[ FRWHV XVXHOOHV 9RXV WURXYHUH] OHV LQIRUPDWLRQV QpFHVVDLUHV GDQV OH VFKpPD GLPHQVLRQQHO ,O GRLW \ DYRLU XQ HVSDFH OLEUH G·DX PRLQV PP VRXV OD WDEOH GH FXLVVRQ YLWURFpUDPLTXH ILJ /HV WLURLUV QH SHXYHQW rWUH PRQWpV VRXV OD WDEOH GH FXLVVRQ TX·DYHF XQH W{OH GH SURWHFWLRQ ILJ 1R $%*. DFFHVVRLUH GH PRQWDJH YLWURFpUDPLTXH /·HVSDFHPHQW ODWpUDO GH OD WDEOH GH FXLVVRQ SDU UDSSRUW j XQH DUPRLUH KDXWH HW j OD SDURL DUULqUH GRLW rWUH G·DX PRLQV PP ILJ (Q FH TXL FRQFHUQH OD SURWHFWLRQ FRQWUH OHV ULV TXHV G·LQFHQGLH O·DSSDUHLO HVW FRQIRUPH DX W\SH < &(, 6HXOV GHV DSSDUHLOV GH FH W\SH GRLYHQW rWUH LQVWDOOpV j F{Wp G·pOpPHQWV GH FXLVLQH KDXWV RX PXUDX[ PLQ PP PLQ PP )LJ PP 0RQWDJH GDQV OH ODYD RX OD SLHUUH )LJ 5 R5 8 'pFRXSHU O·RXYHUWXUH GDQV OH SODQ GH WUDYDLO HQ IRQFWLRQ GHV FRWHV G·RXYHUWXUH SUHVFULWHV )LJ /HV WROpUDQFHV QH GRLYHQW SDV rWUH GpSDVVpHV R52 4– 1 470 57 %LHQ QHWWR\HU OH SODQ GH WUDYDLO DX QLYHDX GH O·RX YHUWXUH )L[HU OH JRPPH pODVWLTXH GH PRXVVH j UpSUHVVLRQ GH FRXSV D ,QVpUHU OH SODQ GH FXLVVRQ YLWURFpUD PLTXH $MXVWHU OH SODQ GH FXLVVRQ YLWURFpUDPLTXH SRXU TXH VXEVLVWH GH WRXV OHV F{WpV XQ HVSDFH GH JUDQGHXU XQLIRUPH /H SODQ GH FXLVVRQ YLWURFpUD PLTXH QH GRLW SDV rWUH IL[p 'HWDLO $ R52 554 13 R55 60 0 48 9– 1 64 R42 47 0– = 5HPSOLU O·HVSDFH HQWUH OD 9LWURFpUDPLTXH HW OH GHV VXV GH WDEOH DYHF XQH PDWLqUH VLOLFRQ FROOH E DS SURSULpH 1 5 55 1 58 49 6 = /H IDEULFDQW Q·HVW SDV UHVSRQVDEOH GX GRPPDJH UHVXOWDQW G·XQ PDXYDLV PRQWDJH )LJ 'HPRQWDJH GX WDEOH YLWURFpUDPLTXH 5,5 581x496 R55 574x489 R52 b a 44 min.30 0HWWUH KRUV WHQVLRQ OD WDEOH GH FXLVVRQ YLWURFpUD PLTXH OH IRXU HQFDVWUDEOH OH UpFKDXG HQFDVWUD EOH OD ERvWH GH FRPPDQGH RX OD FRPPDQGH pOHF WURQLTXH &RXSHU OH ORQJ ERUG GX YHUUH HW VXU WRXWH OD SURIRQ GHXU GX MRLQW DX PR\HQ G·XQ FRXWHDX DSSURSULp OD SkWH G·pWDQFKpLWp VLOLFRQH DSSOLTXpH F{Wp EkWL PHQW 6RXOHYHU DYHF SUpFDXWLRQ OD WDEOH GH FXLV VRQ YLWURFpUDPLTXH GH SDU EDV DX PR\HQ G·XQ WRXUQHYLV DSSOLTXp FRQWUH OH EDF GH VXEVWUXFWXUH /RUV GX UHPRQWDJH YHLOOHU j FH TXH O·DQFLHQQH SkWH VLOLFRQH HW OD EDQGH GH FDRXWFKRXF VSRQJLHX[ VRLW pOLPLQpHV SURSUHPHQW HW TX·XQH QRXYHOOH EDQGH HQ FDRXWFKRXF VSRQJLHX[ GHVWLQpH j DPRUWLU OHV FKRFV VRLW HQVXLWH PRQWpH GLVSRQLEOH DX VHUYLFH GH YHQWH GH SLqFHV GH UHFKDQJH /·HQFDVWUHPHQW VH IHUD VHORQ OH WH[WH DXGHVVXV 8 2 454x459 90 555x470 R42 &RQWUDLUHPHQW DX[ SUHVFULSWLRQV G·LQVWDOODWLRQ GRPHV WLTXHV GH O·$6( FKLIIUH OD WDEOH GH FXLVVRQ YL WURFpUDPLTXH j HQFDVWUHU SHXW rWUH LQWpJUpH GDQV XQ PDWpULDX FRPEXVWLEOH /HV pOpPHQWV SDURLV ODWpUDOHV OLVWHDX[ GH UHQIRUFHPHQW HWF GpSDVVDQW GDQV O·HV SDFH VLWXp DXGHVVRXV GH OD ]RQH GH FXLVVRQ GRLYHQW rWUH IDEULTXpV GDQV XQH PDWLqUH LQFRPEXVWLEOH 'pOLPDWLRQ GH FHW HVSDFH ODUJHXU PP KDXWHXU PP GqV OH SODQ GH FXLVVRQ SURIRQGHXU PP GH SXLV O·DUULqUH DYHF XQH SURIRQGHXU GH WDEOH GH PP /HV SDURLV HW SODIRQGV FRPEXVWLEOHV GRLYHQW DXGHV VXV GH SODQV GH FXLVVRQ rWUH UHYrWXV GH PDWpULDX FRX SHIHX G·DSUqV OHV GLUHFWLYHV GH O·RUJDQH FDQWRQDO GH OXWWH FRQWUH OHV LQFHQGLHV UHVSRQVDEOH GH OD UpJLRQ FRQFHUQpH 5DFFRUGHPHQW pOHFWULTXH $YDQW GH SURFpGHU DX UDFFRUGHPHQW LO IDXW FRQWU{OHU VL OD WHQVLRQ LQGLTXpH VXU OD SODTXH VLJQDOpWLTXH F jG OD WHQVLRQ QRPLQDOH GH O·DSSDUHLO FRQFRUGH DYHF OD WHQVLRQ GX UpVHDX H[LVWDQW HW OD WHQVLRQ QRPLQDOH GH O·DSSDUHLO FRPELQp /D SODTXH VLJQDOpWLTXH VH WURXYH VXU O·KDELOODJH LQIpULHXU GH OD WDEOH GH FXLVVRQ YLWURFpUD PLTXH /D WHQVLRQ GHV FRUSV GH FKDXIIH HVW GH 9$& /·DS SDUHLO IRQFWLRQQH pJDOHPHQW VDQV SUREOqPH DYHF OHV DQFLHQV UpVHDX[ j 9$& /H UDFFRUGHPHQW DX UpVHDX GX IRXU HQFDVWUDEOH GX UpFKDXG HQFDVWUDEOH GH OD ERvWH GH FRPPDQGH HQFDV WUDEOH RX GH OD FRPPDQGH pOHFWURQLTXH GRLW rWUH Up DOLVp GH IDoRQ j FH TX·LO \ DLW XQH SRVVLELOLWp GH FRXSXUH VXU WRXV OHV S{OHV DYHF ODUJHXU G·RXYHUWXUH GH FRQWDFW G·DX PRLQV PP SDU H[ GLVMRQFWHXU DXWRPDWLTXH GLVMRQFWHXU GLIIpUHQWLHO RX FRXSHFLUFXLW 5HOLHU OH IDLVFHDX GH FkEOHV DX[ GHX[ FRQQHFWHXUV FRPSDFWV j S{OHV FkEOH DGDSWDWHXU DYHF VRQ SHQ GDQW GX IRXU HQFDVWUDEOH UpFKDXG HQFDVWUDEOH GH OD ERvWH GH FRPPDQGH HQFDVWUDEOH RX GH OD FRPPDQGH pOHFWURQLTXH 9HLOOHU j FH TXH OHV FRQQHFWHXUV VRLHQW ELHQ HQJDJpV /H V\VWqPH GH FRQVWUXFWLRQ GHV FRQQHFWHXUV j S{OHV HPSrFKH WRXWH FRQIXVLRQ 3UHVVHU OH FkEOH GH OLDLVRQ ODWpUDOHPHQW FRQWUH OH FRX YHUFOH GX IRXU 5HWLUHU OHV IHXLOOHV GH SURWHFWLRQ pYHQWXHOOHPHQW H[LV WDQWHV GH VXU OD VXUIDFH GH FXLVVRQ YLWURFpUDPLTXH $SUqV DYRLU SURFpGp DX UDFFRUGHPHQW j O·DOL PHQWDWLRQ pOHFWULTXH LO IDXW HQFOHQFKHU O·XQH DSUqV O·DXWUH WRXWHV OHV ]RQHV GH FXLVVRQ VXU OD SRVLWLRQ PD[LPDOH SRXU XQ EUHI PRPHQW HQY VHFRQGHV DILQ G·HQ WHVWHU OH ERQ IRQFWLRQQHPHQW 6HUYLFH DSUqVYHQWH 3RLQW GH YHQWH GH UHFKDQJH *DUDQWLH 7KHUPD3KRQ &DUR &OLHQWH 9L ULQJUD]LDPR VHQWLWDPHQWH SHU DYHU YROXWR VFHJOLHUH XQ SLDQR GL FRWWXUD LQ YHWURFHUDPLFD GHOO·7+(50$ ,Q WDO PRGR DYHWH SXQWDWR VXOOD TXDOLWj H VXOOD GXUDWD /H SUHVHQWL LQVWUX]LRQL SHU O·XVR YL SHUPHWWHUDQQR GL FR QRVFHUH SDVVR D SDVVR LO YRVWUR SLDQR GL FRWWXUD LQ YH WURFHUDPLFD SHU SRWHUQH VIUXWWDUH LQ PDQLHUD RWWLPDOH WXWWH OH SRVVLELOLWj 3ULPD GL PHWWHUH LQ IXQ]LRQH O·DSSD UHFFKLR SHU OD SULPD YROWD OHJJHWH DWWHQWDPHQWH LO FDSL WROR ©,PSRUWDQWL FRQVLJOL GL VLFXUH]]Dª 9L FRQVLJOLDPR GL WHQHUH OH SUHVHQWL LQVWUX]LRQL YLFLQR DOO·DSSDUHFFKLR LQ PRGR G·DYHUOH VXELWR D SRUWDWD GL PDQR VH YL YHQJRQR GHL GXEEL 'RSR DYHU OHWWR DWWHQWDPHQWH OH LVWUX]LRQL G·XVR YL SUHJKLDPR GL FRPSLODUH OD FDUWD GL *DUDQ]LH H GL VSHGLUOD GLUHWWDPHQWH DO QRVWUR VHUYL]LR GRSR YHQGLWD GL 0lJHQZLO *UD]LH PLOOH 4XHVWD DSSDUHFFKLDWXUD q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·DOORJJLDPHQWR 0RQWDJJLR LQ SLDQL GL ODYD R SLHWUD 6PRQWDJJLR GHO SLDQR GL FRWWXUD LQ YHWURFHUDPLFD $OODFFLDPHQWR HOHWWULFR 9HQGLWD SH]]L GL ULFDPELR *DUDQ]LD ,PSRUWDQWL FRQVLJOL GL VLFXUH]]D 3ULPD GL XWLOL]]DUH O·DSSDUHFFKLR SHU OD SULPD YROWD YL SUHJKLDPR GL IDPLOLDUL]]DUYL FRQ TXHVWH LVWUX ]LRQL G·XVR 3UHVWDWH SDUWLFRODUPHQWH DWWHQ]LRQH DOOH SUHVFUL]LRQL GL VLFXUH]]D FRQWUDVVHJQDWH GDO VLPEROR (YLWHUHWH FRVu GDQQL D SHUVRQH HG DQFKH DOO·DSSDUHF FKLR &XVWRGLWH FRQ FXUD TXHVWH LVWUX]LRQL HG LQRO WUDWHOH DO VXFFHVVLYR SURSULHWDULR /·DSSDUHFFKLR SXz HVVHUH XWLOL]]DWR VROR SHU XVL GRPH VWLFL H SHU O·LPSLHJR SHU LO TXDOH q VWDWR FRVWUXLWR (VVR FRUULVSRQGH D QRUPH LQWHUQD]LRQDOL GL VLFXUH]]D H GL TXDOLWj /H PLVXUH GL VLFXUH]]D RYYLDPHQWH HVLVWHQWL QRQ FRSURQR FRPXQTXH HG LQ RJQL FDVR L SRVVLELOL ULVFKL GL LQIRUWXQLR 6LFXUH]]D HOHWWULFD /·DSSDUHFFKLR SXz HVVHUH FROOHJDWR VROR GD XQ HOHWWULFLVWD TXDOLILFDWR $L ILQL GHOOD VLFXUH]]D HOHW WULFD O·DSSDUHFFKLR YD DOORJJLDWR LQ DUPDGLULSLDQL FRVWUXLWL VHFRQGR OH QRUPDWLYH YLJHQWL 8WLOL]]DWH LO SLDQR GL FHUDPLFD XQLFDPHQWH GRSR DYHUOR DGHJXDWDPHQWH LQFRUSRUDWR 6DUHWH FRVu SURWHWWL GD FRQWDWWL FRQ OH SDUWL VRWWR WHQVLRQH ,O SLDQR GL FRWWXUD LQ YHWURFHUDPLFD GD LQFRUSRUDUH YD FRPELQDWR XQLFDPHQWH FRQ IRUQL LQFRUSRUDELOL IRUQHOOL VFDWROH GL FRPDQGR R FRPDQGL HOHWWURQLFL XWLOL]]DQGR LO VLVWHPD GL LQQHVWR VSHFLDOH DGDWWDWRUH SHU FDYL 5LIH ULUVL SHU TXHVWR DL FRQVLJOL GL LQVWDOOD]LRQH 3UHVWDWH SXUH DWWHQ]LRQH DL FRQVLJOL ULSRUWDWL GDOOH LVWUX]LRQL G·XVR H GL LQVWDOOD]LRQH 3LDQL GL FRWWXUD GDQQHJJLDWL FKH SUHVHQWDQR FUHSH R URWWXUH QRQ YDQQR DOODFFLDWL 3HU PRWLYL GL VLFXUH]]D H GDWR FKH HVLVWRQR QRWHYROL SH ULFROL SHU O·XWHQWH OH ULSDUD]LRQL GHOO·DSSDUHFFKLR HG LQ SDUWLFRODUH TXHOOH LQHUHQWL OH SDUWL FKH FRQGXFRQR O·HOHW WULFLWj YDQQR HVHJXLWH XQLFDPHQWH GD SHUVRQDOH TXDOL ILFDWR RSSXUH GD WHFQLFL DGGHVWUDWL GHO VHUYL]LR GL DVVL VWHQ]D FOLHQWL ,Q FDVR GL JXDVWL ULYROJHWHYL GLUHWWDPHQWH DO QRVWUR VHUYL]LR SHU OD FOLHQWHOD 8VR H VHUYL]LR (YLWDWH LO FRQWDWWR GHL EDPELQL FRQ LO SLDQR GL FRWWXUD GX UDQWH O·HVHUFL]LR Ë EXRQ SULQFLSLR WHQHUOL ORQWDQR GD TXHVWD VXSHUILFLH FRVu FRPH GD SHQWROD H SDGHOOH , EDPELQL SRVVRQR DQFKH XVWLRQDUVL SUHQGHQGR SHQWROH H WHJDPL 'RSR OD ORUR DFFHQVLRQH L SLDQL GL FRWWXUD VL ULVFDOGDQR YHORFHPHQWH $FFHQGHWHOL TXLQGL GRSR DYHU SRVWR XQD SHQWROD VXO SLDQR HYLWHUHWH FRVu VSUHFKL GL HQHUJLD 2SHUDQGR FRQ GLVDWWHQ]LRQH HVLVWH VHPSUH LO SHULFROR GL EUXFLDWXUH VH WRFFDWH OH ]RQH GL FRWWXUD ,Q FDVR GL LQWHUUX]LRQH GHOOD FRUUHQWH GL DOLPHQWD]LRQH WXWWH OH UHJROD]LRQL H OH LQGLFD]LRQL YHQJRQR FDQFHOODWH 4XDQGR OD FRUUHQWH ULWRUQD RFFRUUH SUHVWDUH DWWHQ ]LRQH SRLFKq OH VHJQDOD]LRQL LQHUHQWL L SLDQL FDOGL YLVLELOL SULPD GHOO·LQWHUUX]LRQH QRQ HVLVWHUDQQR 8WLOL]]DWH XQD SUHVD FKH VL WURYD QHOOH YLFLQDQ]H GHO SLDQR GL FRWWXUD SUHVWDQGR DWWHQ]LRQH FKH LO FDYR GHOO·HOHWWURGRPHVWLFR QRQ YHQJD LQ FRQWDWWR FRQ LO SLDQR GL FRWWXUD FDOGR $FFHQGHWH SULPD OH ]RQH GL FRWWXUD HG DSSRJJLDWH VXF FHVVLYDPHQWH VX HVVH OH SHQWROH R L WHJDPL ,O SHQWR ODPH HG L IRQGL UHODWLYL GHYRQR ULVXOWDUH SXOLWL HG DVFLXWWL /H ]RQH GL FRWWXUD VL GDQQHJJHUDQQR VH YHUUDQQR DF FHVH VHQ]D HVVHUH SRL RFFXSDWH RSSXUH VH VX GL HVVH VL WURYHUj GHO SHQWRODPH YXRWR R LQDGDWWR DG HVHPSLR FRQ IRQGR QRQ SLDWWR R FRQ GLDPHWUR WURSSR SLFFROR 1RQ FXVWRGLWH VRVWDQ]H LQILDPPDELOL DG HV GHWHU JHQWL ERPEROHWWH VSUD\ LQ FDVVHWWL R WLUHWWL VLWXDWL VRWWR DO SLDQR GL FRWWXUD ,O SLDQR GL FRWWXUD QRQ GHYH HVVHUH XWLOL]]DWR FRPH SLDQR GL ODYRUR R SLDQR SHU ULSRUUH RJJHWWL 6H ODYRUDWH FRQ ROLR R JUDVVR D FDXVD GL SHULFROR G·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q UHVLVWHQWH DJOL VKRFN WHUPLFL &DORUH H IUHGGR QRQ SRVVRQR GDQQHJ JLDUOR (YLWDWH SHUz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·DOLPHQWD]LRQH GL FRU UHQWH 6WDFFDWH SHUWDQWR O·LQWHUUXWWRUH GL VLFXUH]]D R WR JOLHWH OD SUHVD GL FRUUHQWH GDOOD VSLQD HG LQIRUPDWH LO QR VWUR VHUYL]LR FOLHQWL 3UHVWDWH DWWHQ]LRQH DL FRQVLJOL SHU OD FXUD H OD SXOL]LD GHO SLDQR LQ YHWURFHUDPLFD 3HU PDQLSROD]LRQL LQFRU UHWWH QRQ FL DVVXPLDPR UHVSRQVDELOLWj &RQWUROODWH VHPSUH FKH GRSR O·XVR O·DSSDUHFFKLR VLD VSHQWR 7XWWL L VHOHWWRUL JLUHYROL GHYRQR WURYDUVL VXOOD SRVL]LRQH ©63(172ª 3XOL]LD 'XUDQWH OD SXOL]LD L FRUSL ULVFDOGDQWL GHYRQR HVVHUH VSHQWL 3UHVWDWH DWWHQ]LRQH DIILQFKq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z PLQDFFLDUH SHUVRQH HR FDXVDUH FRQVLGHUHYROL GDQQL PDWHULDOL 4XHVWL FRQVLJOL GL VLFXUH]]D YDQQR DVVROXWDPHQWH RVVHU YDWL ,VWUX]LRQH 4XHVWR VLPEROR ULFKLDPD OD YRVWUD DWWHQ]LRQH VX XQD LQIRUPD]LRQH FKH ULJXDUGD LPSRUWDQWL DVSHWWL LQHUHQWL O·XWLOL]]R GHOO·DSSDUHFFKLR 6H O·LQIRUPD]LRQH QRQ YLHQH RVVHUYDWD VL SRVVRQR YHULILFDUH GHJOL LQFRQYHQLHQWL ,O SLDQR GL FRWWXUD LQ YHWURFHUDPLFD LQFRUSRUDELOH 3DQRUDPLFD GHOO·DSSDUHFFKLR =RQD GL FRWWXUD D GXH FLUFXLWL ® [ PP : =RQD GL FRWWXUD ® PP : =RQD GL FRWWXUD ® PP : =RQD GL FRWWXUD ® PP : =RQD GL FRWWXUD 3XDQR GL FRWWXUD LQ YHWURFHUDPLFD /DPSDGD VSLD GL LQGLFD]LRQH GL FDORUH UHVLGXR 0HVVD LQ IXQ]LRQH 3ULPD SXOL]LD 3ULPD GHOO·XVR SHU HOLPLQDUH OH WUDFFH GHOOH XOWLPH ULIL QLWXUH SXOLUH LO SLDQR GL FRWWXUD 3XOLUH FRQ DFTXD FDOGD H GHWHUJHQWH OD VXSHUILFLH LQ YH WURFHUDPLFD HG LO WHODLR VWURILQDQGR FRQ XQ SDQQR PRU ELGR SHU DVFLXJDUH 3ULPR ULVFDOGDPHQWR $ WLWROR GL FRQWUROOR DFFHQGHUH EUHYHPHQWH HG LQ VXF FHVVLRQH OH ]RQH GL FRWWXUD $OOD SULPD PHVVD LQ IXQ]LRQH VDUj SRVVLELOH OR VYLOXSSR GL XQ OHJJHUR RGRUH GL EUHYH GXUDWD 8VR GHOOH ]RQH GL FRWWXUD 6XSHUILFLH GL FRWWXUD LQ YHWURFHUDPLFD /D VXSHUILFLH GL FRWWXUD q FRVWLWXLWD GD YHUWRFHUDPLFD DUPDWD (VVD q HVHQWH GD SRURVLWj HG q LQVHQVLELOH DL UDSLGL FDPELDPHQWL GL WHPSHUDWXUD ,O SHQWRODPH SXz TXLQGL YHQLUH VSRVWDWR GD XQD ]RQD FDOGD DG XQD ]RQD IUHGGD$FFHQGHQGR OH ]RQH GL FRWWXUD VL SXz XGLUH XQ OHJJHUR URQ]LR 4XHVWR IHQRPHQR q GL RULJLQH ILVLFD H QRQ KD HIIHWWL QHJDWLYL VXO IXQ]LRQDPHQWR GHOO·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z YHQLUH DFFHVR VHSDUDWDPHQWH R DVVLHPH DO FHUFKLR JUDQGH 3UHVWDWH DWWHQ]LRQH DL FRQVLJOL FRQWHQXWL QHOOH LV WUX]LRQL G·XVR VHSDUDWH ,QHUHQWL L IRUQL LQFRUSRUDELOL L IRUQHOOL OH VFDWROH GL FRP DQGR R L FRPDQGL HOHWWURQLFL ,QGLFD]LRQH GHO FDORUH UHVLGXR 7UD OH GXH ]RQH GL FRWWXUD DQWHULRUL VL WURYD O·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z DQFKH JUDIILDUVL FRQ JUDQHOOL GL VDEELD DG HV GRYXWL DOOD SXOL]LD GL YHUGXUH WUDVFLQDWL GDO IRQGR GHOOH SHQWROH RSSXUH D FDXVD GL IRQGL FRQ ERUGL UXJRVL 3HQWRODPH FRQ IRQGL GL UDPH R GL DOOXPLQLR SRVVRQR FRORUDUH OD YHWURFHUDPLFD LQ PRGR WDOH GD UHQGHUH GLIIL FLOH VH QRQ LPSRVVLELOH O·DVSRUWD]LRQH GHOOH PDFFKLH IRUPDWHVL 3HU HYLWDUH OD IRUPD]LRQH GL JUDIIL DQWLHVWHWLFL VXOOD VX SHUILFLH GHO SLDQR GL FRWWXUD LQ YHWURFHUDPLFD QRQ IDWH VWULVFLDUH SHQWROH H SDGHOOH PD VROOHYDWHOH $ IUHGGR L IRQGL GHOOH SHQWROH VRQR OHJJHUPHQWH FXUYDWL YHUVR O·LQWHUQR GL FLUFD PP IRQGL FRQFDYL /H SHQWROH QRQ GHYRQR SHU QHVVXQD UDJLRQH SUHVHQWDUH IRQGL VSRUJHQWL FRQYHVVL 'RSR O·XVR FRQWUROODWH FKH O·DSSDUHFFKLR VLD VWDWR VSHQWR 7XWWH OH PDQRSROH HG L WDVWL GH YRQR WURYDUVL VXOOD SRVL]LRQH GL ©63(172ª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j GHO SRVWR GL FRWWXUD QRQ YLHQH FRPSURPHVVD 6H QRWDWH FRORUD]LRQL PHWDOOLFKH VXOOH ]RQH GL FRWWXUD $YHWH XVDWR SHQWROH H WHJDPL FRQ IRQGR LQDGDWWR RSSXUH QHOOD PDJJLRUDQ]D GHL FDVL GHWHUJHQWL LQDGDWWL 4XHVWH FRORUD]LRQL VL ODVFLDQR DVSRUWDUH VROR FRQ PROWD GLIILFROWj FRQ GHWHUJHQWL SHU YHWURFHUDPLFD R SHU DFFLDL LQRVVLGDELOL 4XDQGR OD VXSHUILFLH SUHVHQWD JUDIIL R FDYLWj 4XHVWL GLIHWWL HVWHWLFL FDXVDWL GD PDWHULDOL DEUDVLYL R IXVL QRQ SRVVRQR HVVHUH WROWL /D IXQ]LRQDOLWj GHO SRVWR GL FRWWXUD QRQ YLHQH FRPSURPHVVD 1RQ FL DVVXPLDPR UHVSRQVDELOLWj SHU WUDWWDPHQWL LPSURSUL GHL SLDQL GL FRWWXUD LQ YHWURFHUDPLFD &RVD IDUH LQ FDVR GL JXDVWL ,Q FDVR GL URWWXUD GHO YHWUR GHO SLDQR LQ YHWURFHUDP LFD YL SUHJKLDPR GL FRPXQLFDUH DO SRVWR GL DVVLV WHQ]D FOLHQWL LO QXPHUR D FLIUH FKH VL WURYD VXO SLDQR LQ YHWUR 6&+277 &(5$19 0HWWHWH O·LQWHUUXWWRUH RG LO WDVWR GHO SRVWR GL FRW WXUD QHOOD SRVL]LRQH GL ©63(172ª 7RJOLHWH L IXVLELOL R VWDFFDWH O·LQWHUUXWWRUH GL VL FXUH]]D 1RWLILFDWH OD FRVD DO YRVWUR HOHWWULFLVWD R DO VHU YL]LR GL DVVLVWHQ]D FOLHQWL LQFDULFDWR ,PSRUWDQWH 9L SUHJKLDPR GL GDUH VHPSUH LO QXPHUR GHO SURGRWWR LO QXPHUR GL VHULH H OD VLJOD GHO PRGHOOR GHO SLDQR GL FRWWXUD LQ YHWURFHUDPLFD RJQL YROWD FKH 5LFKLHGHWH O·LQWHUYHQWR GHO VHUYL]LR DVVLVWHQ]D FOLHQWL 2UGLQDWH SH]]L GL ULFDPELR RG DFFHVVRUL &KLHGHWH LQIRUPD]LRQL GL FDUDWWHUH WHFQLFR ,O QXPHUR GL VHULH YD ULSRUWDWR VX TXHVWH LVWUX]LRQL G·XVR HG LQVWDOOD]LRQH SULPD GL LQFRUSRUDUH LO SRVWR GL FRWWXUD /D WDUJKHWWD GL ULFRQRVFLPHQWR RULJLQDOH VL WURYD VXO UL YHVWLPHQWR LQIHULRUH GHO SLDQR GL FRWWXUD LQ YHWURFHUD PLFD H QRQ q SL DFFHVVLELOH GRSR DYHUH LQFRUSRUDWR O·DSSDUHFFKLR 7.70 kW 400 V 1XPHUR GL VHULH 6LJOD GHO PRGHOOR Prod-nr: 941 591 409 ~ 50 Hz Serie + S 1XPPHUR GHO SURGRWWR Typ 205.6kAPONJNNNC GK GS/58.2 R 'DWL 7HFQLFL *. *6 5 'LPHQVLRQL HVWHUQH /DUJKH]]D PP 3URIRQGLWj PP $OWH]]D PP 'LPHQVLRQL GHOO·LQFDVVR /DUJKH]]D PP PP 3URIRQGLWj PP PP 5DJJLR 5 5 ,O YDWWDJJLR GHOO·DOODFFLDPHQWR 7HQVLRQH 9 a +] 9DORUH GL DOODFFLDPHQWR GHL FRUSL ULVFDOGDQWL N: ,QVWDOOD]LRQH /·DSSDUHFFKLR YD DOODFFLDWR XQLFDPHQWH GD XQ HOHWWULFLVWD TXDOLILFDWR HG DXWRUL]]DWR ,Q FDVR GL PRQWDJJLR R GL VHUYL]LR LO IRUQR LQ FRUSRUDELOH LO IRUQHOOR OD VFDWROD GL FRPDQGR R LO FRPDQGR HOHWWURQLFR YDQQR VWDFFDWL GDOOD UHWH FRVu FRPH O·LQWHUUXWWRUH GL VLFXUH]]D YD DS HUWR HG L IXVLELOL YDQQR WROWL /H GLUHWWLYH JHQHUDOL LQHUHQWL O·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·LPEDOOR VRQR ULFLFOD ELOL IRJOL H SDUWL VFKLXPDWH VRQR ULVSHWWLYD PHQWH PDUFDWH (OLPLQDWH LO PDWHULDOH GL LP EDOOR VHFRQGR OH GLUHWWLYH YLJHQWL 3UHVWDWH DWWHQ]LRQH DOOH GLVSRVL]LRQL UHJLRQDOL H QD]LR QDOL HG DL FRQWUDVVHJQL GHL PDWHULDOL VHSDUD]LRQH H UDFFROWD GHL PDWHULDOL 0RQWDJJLR QHO SLDQR GL ODYRUR GHOOD FXFLQD /D VLFXUH]]D HOHWWULFD GHOO·DSSDUHFFKLR GHYH YHQLUH JDUDQWLWD PHGLDQWH XQ PRQWDJJLR FRU UHWWR /D SURWH]LRQH GDOOH VFDULFKH H OD VLFXUH]]D HOHWWULFD VHFRQGR OH GLVSRVL]LRQL 6(99'( YDQQR JDUDQWLWH WUDPLWH XQ PRQWDJJLR GHO SLDQR GL FRWWXUD LQ YHWURFHUDPLFD VHFRQGR OH UHJROH YLJHQWL LQ SLDQL GL ODYRUR GHOOD FXFLQD DGDWWL D ULFHYHUOL H FRVWUXLWL VHFRQGR OH QRUPH &Lz YDOH DQFKH SHU LO PRELOH LQIHULRUH ,O SLDQR GL FRWWXUD LQ YHWURFHUDPLFD QRQ GHYH HVVHUH DFFHVVLELOH GDO EDVVR ,O PRELOLR GHYH YHQLUH DGHJXDWHPHQWH ILVVDWR HG HVVHUH D SURYD GL UL EDOWDPHQWR 3UHQGHWH QRWD GHO QXPHUR GL VHULH H GHOOD VLJOD GHO SLDQR GL FRWWXUD LQ YHWURFHUDPLFD D SDJLQD 4XHVWR QXPHUR YL RFFRUUHUj VH ULFKLHGHUHWH O·LQWHUYHQWR GHO VHUYL]LR GL DVVLVWHQ]D ,O SLDQR LQ FRWWXUD LQ YHWURFHUDPLFD SXz XQLFD PHQWH YHQLUH PRQWDWR FRQ FXFLQH R SDQQHOOL GL FR PDQGR FRPELQDELOL JUD]LH D VLVWHPL GL FROOHJD PHQWR FRPSDWLELOL DGDWWDWRUH SHU FDYL ,Q FDVR GL XWLOL]]R GL DOWUH FXFLQH SDQQHOOL GL FRPDQGR LO VHJQR GL YHULILFD FRQ LO UHODWLYR QXOODRVWD SHU O·DSSD UHFFKLR QRQ q YDOLGR H WRJOLH DO FRVWUXWWRUH RJQL UHVSRQ VDELOLWj 1RUPDOPHQWH LO SLDQR GL FRWWXUD LQ YHWURFHUDPLFD LQFRU SRUDELOH YLHQH PRQWDWR VX XQ IRUQR LQFRUSRUDELOH XQ IRUQHOOR XQD VFDWROD SHU L FRPDQGL XQ FRPDQGR HOHW WURQLFR 1HO FDVR GL PRQWDJJLR FRQ XQ IRUQHOOR XQD VFDWROD SHU L FRPDQGL RSSXUH XQ FRPDQGR HOHWWURQLFR q QHFHVVDULR LQVHULUH XQ IRQGR LQWHUPHGLR GL SURWH ]LRQH FRQWUR OH VFDULFKH 'LPHQVLRQL SHU O·DOORJ JLDPHQWR /·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·DSSD UHFFKLR FRUULVSRQGH DO WLSR < ,&( 6ROR DSSDUHFFKL GL TXHVWR WLSR SRVVRQR HVVHUH SRVWL FRQ XQ ODWR D ILDQFR GL SDUHWL HR DUPDGL )LJ PLQ PP PLQ PP PLQ PP PP )LJ PP )LJ 3DUWLFRODUH $ R5 R52 7DJOLDUH LO SLDQR GL ODYRUR VHFRQGR OH GLPHQVLRQL SUHVFULWWH )LJ 1RQ ROWUHSDVVDUH OH WROOHUDQ]H LQGLFDWH 4– 1 470 57 3XOLUH EHQH LO SLDQR QHOOD ]RQD GD WDJOLDUH ,QFROODUH O·DOOHJDWR QDVWUR GL JRPPD PXVFRVD SHU DWWXWLUH L FROSL D VXO ULWDJOLR GHO SLDQR G·DSSRJJLR ,QVHULUH LO SLDQR LQ YHWURFHUDPLFD H FHQWUDUOR LQ PRGR FKp LQ WXWWL L VXL ODWL ULVXOWL OR VWHVVR VSHVVRUH GHOOD IHVVXUD ,O SLDQR LQ YHWURFHUDPLFD QRQ YLHQH ILVVDWR 5 8 0RQWDJJLR LQ SLDQL GL ODYD R SLHWUD R52 554 13 R55 60 0 48 9– 1 64 R42 47 0– = 5LHPSLUH OH IHVVXUH IUD LO SLDQR LQ YHWURFHUDPLFD H LO SLDQR GL ODYRUR FRQ GHO PDVWLFH DO VLOLFRQH E DGDWWR 1 5 55 1 58 49 6 = 1HO FDVR GL GDQQL SURYRFDWL GD PRQWDJJLR LPSUR SULR LO FRVWUXWWRUH GHO SLDQR LQ YHWURFHUDPLFD GH FOLQD RJQL UHVSRVDELOLWj )LJ 5,5 581x496 R55 574x489 R52 b a 44 7RJOLHUH FRUUHQWH GDO SLDQR GL FRWWXUD LQ YHWURFHU DPLFD GDO IRUQR LQFRUSRUDELOH GDO IRUQHOOR GDOOD VFDWROD GL FRPDQGR H GDO FRPDQGR HOHWWURQLFR 7DJOLDUH FRQ XQ FROWHOOR DGDWWR OXQJR LO ERUGR GHO YH WUR LO PDVWLFH DO VLOLFRQH PHVVR DO PRQWDJJLR LQ WXWWD OD VXD SURIRQGLWj 6ROOHYDUH DWWHQWDPHQWH GDO GL VRWWR FRQ XQ FDFFLDYLWH VXO VRWWRIRQGR LO SLDQR LQ YHWURFHUDPLFD 3HU LO ULPRQWDJJLR ELVRJQD RVVHUYDUH FKH LO YHFFKLR PDVWLFH DO VLOLFRQH HG LO QDVWUR GL JRPPD PXVFRVD D XVDWR VLDQR ULPRVVL FRPSOHWDPHQWH H FKH YHQJD PRQWDWR XQ QXRYR QDVWUR GL JRPPD PX VFRVD RWWHQLELOH SUHVVR LO VHUYL]LR YHQGLWD UL FDPEL ,O PRQWDJJLR DYYLHQH VHJXHQGR LO WHVWR VX SHULRUH 8 2 min.30 6PRQWDJJLR GHO SLDQR GL FRWWXUD LQ YHWURFHUDPLFD 454x459 90 555x470 R42 &RQWUDULDPHQWH DOOD GLVSRVL]LRQL SHU LQVWDOOD]LRQL GR PHVWLFKH GHOOD 6(9 SDU LO SLDQR GL FRWWXUD LQ YHWURFHUDPLFD LQFRUSRUDELOH SXz YHQLUH DOORJJLDWR LQ PDWHULDOL LQILDPPDELOL 3DUWL SDUHWL ODWHUDOL OLVWHOOL GL ULQ IRU]R HFF FKH VL WURYDQR QHOOD ]RQD VRWWRVWDQWH DOOD ]RQD GL FRWWXUD GHYRQR HVVHUH GL PDWHULDOH LQFRPEXVWL ELOH /LPLWL SHU TXHVWD ]RQD VRWWRVWDQWH ODUJKH]]D PP DOWH]]D PP SURIRQGLWj PP GD GLHWUR FRQ XQD SURIRQGLWj GHO WDYROR GL PP 3DUHWL H VRODL LQILDP PDELOL VLWXDWL VRSUD OD VXSHUILFLH GL FRWWXUD GHYRQR HV VHUH ULYHVWLWL FRQ PDWHULDOL LQFRPEXVWLELOL VHFRQGR OH GL VSRVL]LRQL GHOO·RUJDQR GL YLJLODQ]D DQWLQFHQGLR LQFDULFDWR SHU OD ]RQD FDQWRQDOH SHUWLQHQWH $OODFFLDPHQWR HOHWWULFR 3ULPD GHOO·DOODFFLDPHQWR FRQWUROODUH FKH OD WHQVLRQH GL UHWH FRUULVSRQGD FRQ TXHOOD LQGLFDWD VXOOD WDUJKHWWD GHOO·DSSDUHFFKLR RVVLD FRQ OD WHQVLRQH QRPLQDOH H FRQ OD WHQVLRQH QRPLQDOH GHOO·DSSDUHFFKLR GD FRPEL QDUH /D WDUJKHWWD q DSSOLFDWD DO ULYHVWLPHQWR LQIHULRUH GHO SLDQR GL FRWWXUD LQ YHWURFHUDPLFD /D WHQVLRQH GHL FRUSL ULVFDOGDQWL q GL 9 LQ FD $Q FKH FRQ OLQHH YHFFKLH D 9 O·DSSDUHFFKLR ODYRUD LP SHFFDELOPHQWH /·DOODFFLDPHQWR GHOOD FXFLQD LQFRUSRUDELOH GHO IRU QHOOR GHOOD VFDWROD GHL FRPDQGL R GHO FRPDQGR HOHW WURQLFR YD HIIHWWXDWR LQ PRGR GD UHQGHUH SRVVLELOH OD GL VSRQLELOLWj GL XQ GLVSRVLWLYR VH]LRQDWRUH FRQ FRQWDWWL GLVWDQ]LDWL GL DOPHQR PP HG LQ JUDGR GL VHSDUDUH WXWWL L SROL GHOO·DSSDUHFFKLR GDOOD UHWH (VHPSLR $XWRPDWL VPR /6 3URWH]LRQH ), RSSXUH IXVLELOL $VVLHPDUH LO IDVFLR GL FDYL FRQ OH GXH VSLQH FRPSDWWH D SROL FRQ OD FRQWURSDUWH GHOOD FXFLQD LQFRUSRUDELOH GHO IRUQHOOR GHOOD VFDWROD GHL FRPDQGL R GHO FRPDQGR HOHWWURQLFR 3UHVWDWH DWWHQ]LRQH DIILQFKq OH VSLQH VL LQQHVWLQR EHQH ,Q FRQVHTXHQ]D GHOOD FRVWUX]LRQH XQR VFDPELR WUD OH VSLQH D SROL QRQ q SRVVLELOH 3UHPHWH L FDYL GL FROOHJDPHQWR ODWHUDOPHQWH VXO FRSHU FKLR GHOOD FXFLQD 7RJOLHWH O·HYHQWXDOH IRJOLR SURWHWWLYR GHOOD VXSHUILFLH GL FRWWXUD LQ YHWURFHUDPLFD 'RSR LO FROOHJDPHQWR DOOD UHWH GL HQHUJLD HOHW WULFD WXWWH OH ]RQH GL FRWWXUD YDQQR EUHYH PHQWH DFFHVH FD VHFRQGL QHOOD PDVVLPD SRVL]LRQH LQ VXFFHVVLRQH SHU FRPSURYDUQH O·LGRQHLWj DO IXQ]LRQDPHQWR 6HUYL]LR GRSR YHQGLWD 9HQGLWD SH]]L GL ULFDPELR *DUDQ]LD 7KHUPD3KRQ .XQGHQGLHQVW 6HUYLFH DSUqVYHQWH 6HUYL]LR GRSR YHQGLWD =ULFK 0lJHQZLO 3UpYHUHQJHV ,QGXVWULHVWUDVVH /H 7UpVL *UDQFLD =RQD ,QGXVWULDOH ( 7HO 7pO 7HO )D[ )D[ )D[ :LQWHUWKXU 5pFK\ %UJOLVWUDVVH 5RXWH GH *U{QH 7HO 7pO )D[ )D[ 6FKlQLV %LOWHQHUVWDVVH 7HO )D[ &KXU (LQH 1XPPHU IU GLH JDQ]H 6FKZHL] &RPHUFLDOVWUDVVH 3RXU WRXWH OD 6XLVVH XQ VHXO QXPpUR WpOpSKRQH )D[ 8Q XQLFR QXPHUR WHOHIRQLFR SHU WXWWD OD 6YL]]HUD 7HO *RVVDX 3RVWVWUDVVH 7HO )D[ 6HUYLFH3KRQ 3UDWWHOQ 5KHLQSDUN &HQWHU 1HW]LERGHQVWUDVVH E 7HO )D[ (PPHQ ,WWLJHQ%HUQ %XKRO]VWUDVVH (\ 7HO 7HO )D[ )D[ .XQGHQGLHQVW $GPLQLVWUDWLRQ $GPLQLVWUDWLRQ GX VHUYLFH 0lJHQZLO 0lJHQZLO 0lJHQZLO 7HO 7HO 7HO )D[ )D[ )D[ $GPLQLVWUD]LRQH VHUYL]LR (UVDW]WHLOYHUNDXI 9HQWR GHV SLqFHV GH UHFKDQJH 9HQGLWD GL SH]]L GL ULFDPELR 7HO RGHU RX RSSXUH )D[ *DUDQWLH *DUDQWLH *DUDQ]LD :LU JHZlKUHQ DXI DOOHQ 3URGXNWHQ /·XWLOLVDWHXU ILQDO GH WRXW SURGXLW 3HU TXHVWR SURGRWWR FRQFHGLDPR GLH LQ GHU 6FKZHL] JHNDXIW XQG LQ DFKHWp HW XWLOLVp HQ 6XLVVH EpQpILFLH XQD JDUDQ]LD GL PHVL D SDUWLUH %HWULHE VLQG HLQH HLQMlKULJH 9ROO G·XQH JDUDQWLH FRPSOqWH G·XQH GHOOD GDWD GL YHQGLWD /D JDUDQ]LD *DUDQWLH JHUHFKQHW DE /LHIHU DQQpH j SDUWLU GH OD GDWH GH OLYUDLVRQ q YDOLGD GLHWUR SUHVHQWD]LRQH GDWXP DQ GHQ (QGYHUEUDXFKHU /D IDFWXUH RX OH MXVWLILFDWLI G·DFKDW GHOOD IDWWXUD R GHOOR VFRQWULQR 0DVVJHEHQG IU GHQ *DUDQWLH FRUUHVSRQGDQW IDLW IRL HQ OD PDWLqUH G· DFTXLVWR DQVSUXFK LVW GLH )DNWXUD RGHU HLQ HQWVSUHFKHQGHU 9HUNDXIVEHOHJ 7KHUPD3KRQ 'HU WHOHIRQLVFKH %HUDWXQJVGLHQVW GHU 7KHUPD /H VHUYLFH G·LQIRU PDWLRQ WpOpSKRQL TXH GH 7KHUPD ,O VHUYL]LR GL FRQ VXOHQ]D WHOHIRQLFD GHOOD 7KHUPD 0RQWDJ ELV )UHLWDJ 8KU /XQGL j YHQGUHGL GH 8KU /XQHGLYHQHUGL GDVVH RUH 8KU )U $XVNQIWH 5DWVFKOlJH XQG 7LSV UXQG XP GLH $QZHQGXQJ YRQ +DXVKDOWDSSDUDWHQ 3RXU UHQVHLJQHPHQWV FRQVHLOV HW ©DVWXFHVª FRQFHUQDQW O·XWLOLVD WLRQ GH YRV DSSDUHLOV PpQDJHUV 3HU LQIRUPD]LRQL VXJJHULPHQWL H FRQVLJOL VX WXWWR TXDQWR FRQFHUQH O·XVR GHJOL HOHWWURGRPHVWLFL (LQH 'LHQVWOHLVWXQJ GLH IU ,KUH $QOLHJHQ UXQG XP GLH +DXVKDOW DSSDUDWH WlJOLFK IU 6LH EHUHLW VWHKW 8QH SUHVWDWLRQ GH VHUYLFH j YRWUH GLVSRVLWLRQ FKDTXH MRXU SRXU WRX WHV TXHVWLRQV WRXFKDQW DX[ DS SDUHLOV PpQDJHUV 8Q VHUYL]LR JLRUQDOPHQWH D YR VWUD GLVSRVL]LRQH SHU VRGGLVIDUH OH YRVWUH ULFKLHVWH ULJXDUGDQWL JOL HOHWWURGRPHVWLFL 1XW]HQ 6LH GDV 7KHUPD3KRQ ]XP %HLVSLHO IU $SSHOH] 7KHUPD3KRQ SDU H[ HPSOH SRXU 8WLOL]]DWH LO VHUYL]LR 7KHUPD 3KRQ DG HVHPSLR SHU : : : : : : SURPSWH $XVNXQIW EHL )UDJHQ ]XU %HGLHQXQJ GHU $SSDUDWH KLOIUHLFKH 5DWVFKOlJH EH]JOLFK 8QWHUKDOW XQG 3IOHJH GHU +DXVKDOW JHUlWH QW]OLFKH 7LSV EHLP .RFKHQ %DFNHQ /IWHQ .KOHQ XQG 6SOHQ NRPSHWHQWH %HUDWXQJ EHL GHU :DKO HLQHV *HUlWHV GDV ,KUHQ :QVFKHQ HQW VSUHFKHQ VROO : : : UHQVHLJQHPHQWV UDSLGHV FRQFHUQDQW O·XWLOLVDWLRQ GHV DSSDUHLOV FRQVHLOV MXGLFLHX[ SRXU O·HQWUHWLHQ HW OHV VRLQV j DSSRUWHU DX[ DSSDUHLOV PpQDJHUV ©DVWXFHVª XWLOHV SRXU OD FXLVVRQ HQ JpQpUDO OD FXLVVRQ DX IRXU O·DpUDWLRQ OD UpIULJpUDWLRQ HW OH ULQoDJH FRQVHLOV FRPSpWHQWV SRXU OH FKRL[ G·XQ DSSDUHLO FRUUHVSRQGDQW j YRV GpVLUV : : : LQIRUPD]LRQL LPPHGLD PHQWH VXOO·LPSLHJR GHJOL DSSDUHFFKL FRQVLJOL SUH]LRVL LQ PHULWR DOOD PDQXWHQ]LRQH H DOOD FXUD GHJOL HOHWWURGR PHVWLFL VXJJHULPHQWL XWLOL SHU FXFLQDUH DUURVWLUH YHQWL ODUH UDIIUHGGDUH H ODYDUH OH VWRYLJOLH FRQVXOHQ]D FRPSHWHQWH SHU OD VFHOWD GL XQ DSSDUHF FKLR FKH VRGGLVIL OH YRVWUH HVLJHQ]H H L YRVWUL GHVLGHUL $7 +DXVJHUlWH $* %DGHQHUVWUDVVH =ULFK 7HOHIRQ 7HOHID[ $7 $SSDUHLOV 0pQDJHUV 6$ /H 7UpVL 3UpYHUHQJHV 7pOpSKRQH 7pOpID[ VFPK $7 $SSDUHFFKL &DVDOLQJKL 6$ &HQWUR 0RQWDQD /RVRQH 7HOHIRQR 7HOHID[ $7 $SSDUHFFKL &DVDOLQJKL 6$ 9LD DOOD )RFH 0X]]DQR3LRGHOOD 7HOHIRQR 7HOHID[