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Additional to what Andy said, you can collapse the revision of the components and retain the revision you require by using the following approach.
Make sure the desired rights are provided to the user.
1. Open the Library
2. Click on the component that needs the revision to be collapsed
3. In the properties tab, we will have a collapse revision button(double headed arrow downwards)
4. Highlight the row containing the revision you wish to keep, then click Collapse. The other revisions will be removed from the library and the revision you have highlighted will become revision 00001.