Inheritance allows you to include (and redefine if you wish) methods and events from another component into your component. This simplifies and speeds up creating new embedded components. You can even inherit from the platform-independent components included in the Processor Expert.
The CDE provides two ways to inherit a component.
Select File > New > Other ... New wizard appears. Expand Component Development Environment and select Inherited Component option, then click Next.
Alternative method is, right-click on the component name or on the Properties in the Component editor and select Inherit Component....