Yes. Under Device Status of an event action, set Wireless Input Unit Error.
If the parent unit is a SMARTDAC+ GX20/GP20, you can also set the FAIL relay (/FL option).
However, note that relay contacts cannot be output externally for all types of CAUTION.
Related Products & Solutions
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GX70SM wireless input unit for SMART 920
The compact and battery-powered analog input module GX70SM uses 920 MHz radio link to connect to the GX20, GP20, or GM10. It can collect a variety of data points from locations that cannot be easily reached or are difficult and expensive to access. Sales area : US and Japan only.