Can the CIOC module be used as a controller?

I am new to the Delta V system and have some questions. My primary question is that after reviewing the Delta V network architecture it looks like the CIOC (CHARM IO card and attached IO) can be used without the S series controller is this correct? Is the CIOC a controller that communicates directly with an application station through an ethernet switch? If so it would seem like an economical way-to-go. Please comment.

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