Horizon T101 - Speed Issues

I have a Horizon T101 that is 2 years old. I've never had any issues with it until yesterday. The speeds are all messed up. If you start it off, it will work properly at .5 but as soon as you increase the speed to any number, the belt is going as fast as it possibly can.

I've tried recalibrating but it didn't solve the problem.

Any ideas on why it is doing this and how to fix it?

Thanks.

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