Patent ID: 7624866
Filing Date: 2009-12-01
Classification: B25H,Y10S

Abstract:
1. A storage box for storing a plurality of bits comprising: a container having at least one annulus defining an aperture and bound by a substantially semi-toroidal casing defining a compartment; a bit holder comprising a generally cylindrical main body with a bore and a plurality of pockets for receiving bits, wherein the bit holder is received within the container such that the bore is aligned with the aperture of the at least one annulus along a common axis, wherein the bit holder comprises at least one collar bearing the plurality of pockets in a common plane; a part of the cylindrical main body is a castellated wall and an inner periphery of the cylindrical main body is provided with a cavity wall, wherein an annular slot is formed between the cavity wall and the castellated wall, wherein at least one magnetic element is received in the annular slot for magnetizing the bits; and a control device received within the bore and biased into rotationally restrained engagement with the bit holder, wherein the control device is selectively disengageable from the bit holder so that the bit holder is rotational about the common axis to move the pockets rotationally in and out of the compartment.