ALEXANDRIA, Va., June 4 -- United States Patent no. 12,323,803, issued on June 3, was assigned to Milwaukee Electric Tool Corp. (Brookfield, Wis.).

"Wireless tracking of power tools and related devices" was invented by Jeffrey M. Zeiler (Pewaukee, Wis.) and Leslie J. Reading (Lakeside, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method and system for wirelessly tracking power tools and related devices to aid with inventory management and to help minimize, prevent, and recover misplaced or stolen tools throughout the job site. The tools and/or batteries include wireless transmitting capabilities (e.g., an ISM unit) to transmit data to a fob, puck repeater, and/or gateway over an ISM network. The g...