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"flashed" means the firmware (the inbuilt software that the device uses) is uploaded or written to the device.
In this case he is talking about "flashing" the device with Philips SPC900NC firmware so it not only looks but also performs just the same as the 900NC camera.
Why does the camera have different firmware?
Well...its like the QHY Q guider and Orion Starshoot autoguider. They are essentially the same camera but each has different firmware and so behaves slightly differently and are different in price.
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