What it is and where it sits
The Mitsubishi NZ2FT-EIP is an EtherNet/IP communication interface for the NZ2FT series of remote I/O modules, enabling industrial Ethernet distributed control on a PLC backplane. It is filed as a PLC expansion module in the control panel context — i.e. it lives on the DIN rail next to the CPU and carries the fieldbus side of an I/O drop.
Sourcing posture
No official successor is on record for order code NZ2FT-EIP. Same-function peers in the ledger show no decision-relevant difference that would justify a swap.