Steps 1 - €22000
Steps 2 - €40000
Both uses ladder dac chips with parallelbit technology.
Soon both will be upgraded with new interfaces and accepting 24/192 sampling rate.
Picture shows Steps 1, small compared to Steps 2 which is very big with Horch made 43 farad of special capacitors.
All Horch Reference and Exclusive products uses the patented TRIPS (Triple Isolated Power Supply) technology. TRIPS isolate the incoming AC power from the components completely.