ALEXANDRIA, Va., July 23 -- United States Patent no. 12,365,406, issued on July 22, was assigned to Caterpillar Inc. (Peoria, Ill.).

"Component monitoring based on magnetic signals" was invented by Li Zhang (Dunlap, Ill.) and Eric J. Johannsen (Washington, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system may include a first device and a second device. The first device may be configured to be associated with a component of a machine. The second device may be configured to provide one or more interrogation magnetic signals to the first device; and determine, based on providing the one or more interrogation magnetic signals, whether a response magnetic signal is received from the first device. The s...