This portion of a Norgren product code indicates that the product is a pneumatically-activated valve assembly, which consists of the valve, the air cylinder actuator, the end stands, and related accessories. The product is designed for general industrial applications and is suitable for pneumatically controlling process flows. The 8240600 indicates that the valve assembly is a single, 3-way brass valve with a fusible link and mounting bracket, while the 9101 indicates that the actuator is a double acting, spring return air cylinder, and the 23050 part specifies the end stands being used.