That "Remote IO Hardware Failed" indicates that the RIO daughtercard (the board that holds the RIO connector and those LEDs) has failed an internal diagnostic test.
Unfortunately, the RIO daughtercard is not sold as a replaceable part, and the PanelView 900 Standard terminal has been out of production for many years.
You could try disassembling the unit and swapping the RIO board with another terminal, but it is possible that the terminal will require replacement with another PanelView or a different HMI terminal.