This takes 4-20mA from many Transmitters and gives out just one 4-20 mA output. The Mux is done with a digital byte or word. This is a slow scanner as process is slow, that way many analog inputs can be multiplexed and sent into one analog input of a D/A. In near real time systems a faster mux could be used or mux totally avoided. This was made in some numbers, so the pcb is better than others.
4-20mA Multiplexer Circuit - pdf
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