The specified component is a ceramic capacitor with a capacitance of 0.022 microfarads and a voltage rating of 16 volts. It belongs to the C0G/NP0 classification, which indicates that it has stable temperature characteristics and low loss factor. The part number provided, "1812 - 0.022 µF ±10 16V Ceramic Capacitor C0G, NP0 1812 (4532 Metric)," suggests this is a surface-mount device with dimensions compatible with the metric code 1812, also known as 4532 in non-metric systems.