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The level shifter is very easy to use. The board must be powered by the two voltage sources (high voltage and low voltage) used by your system. High voltage (5V for example) to the HV' terminal, low voltage (3.3V for example) to the LV' terminal, and ground from the system to the GND' terminal.
Specifications are collected from official manufacturer websites. Please verify the specifications before proceeding with your final purchase. If you notice any problem you can report it here.