Patent ID: 7162899

Claim:
A security device adapted to be placed about an object, said device comprising: a cable for placement about the object; a ratchet mechanism connected to the cable, said ratchet mechanism having a flip-up handle moveable between a raised operating position for manual rotation of an internal spool for tightening the cable around the object and a down position; a locking member being connected to the cable and releasably engaged in a locked position for securing said cable about the object; and said ratchet mechanism including a housing containing the internal spool, a plurality of one-way teeth and a first member rotatable relative to the one-way teeth, said first member having at least one locking pawl to latch the spool in a fixed position relative to the housing to maintain the cable tightened around the object and wherein the first member and the spool are rotatable about a common axis, and a second member disposed within the housing and rotatable about the common axis and relative to the first member to move the at least one locking pawl out of engagement with the ratchet teeth to place the spool in a free wheeling position.