ALEXANDRIA, Va., Aug. 26 -- United States Patent no. 12,397,354, issued on Aug. 26, was assigned to Ceratizit Austria Gesellschaft m.b.H. (Reutte, Austria).

"Tool system" was invented by Alexander Singer-Schnoeller (Reutte, Austria), Harald Urschitz (Reutte, Austria) and Johannes Trost (Reutte, Austria).

According to the abstract* released by the U.S. Patent & Trademark Office: "A tool system includes a machine-proximal shank configured to be introduced into a driven tool receptacle and containing a device for transferring a rotating movement to be picked up from the driven tool receptacle. A tool-proximal shank is configured as a tool holder or to have a tool holder releasably connected thereto. A gear mechanism disposed between the mach...