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OPC-40501-1 – OPC UA for Machine Tools - Part 1: Machine Monitoring and Job Management8.3.1 MonitoringTypeinheriting the InstanceDeclarations of that Node. 0:HasComponent Object <MonitoredElement> ElementMonitoringType OP 0:HasComponent Object MachineTool MachineOperationMonitoringType M 0:HasComponent Object Stacklight 4:BasicStacklightType O Conformance Units MachineTool ... Monitoring Basic - Stacklight MachineTool Monitoring Basic - Channels < MonitoredElement > is an optional Placeholder for ElementMonitoringType instances. This allows for any number of such instances as a component