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Does the M251 support PWM or High Speed Counter?
No.
There is no TM2 or TM3 with fast output for PWM or HSC
The alternative would be to get an OTB distributed IO module or a M241 controller.
The M241 has built in fast outputs that can be used for PWM.

OTB part number:
OTB1C0DM9LP CANopen
OTB1E0DM9LP Ethernet TCP/IP
OTB1S0DM9LP Modbus serial

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