GEARWRENCH INTRODUCES FIRST OF ITS KIND 120XP RATCHET WITH 120 POSITIONS AND THREE–DEGREE SWING ARC

Innovative Ratchet Design Enables Unprecedented Access

SPARKS, MD (October 1, 2012) – GearWrench®, a premier hand tool brand from Apex Tool Group, known for tools that deliver speed, strength and access, today announced the launch of the 120XP™ Ratchet. The new hand tool is the only ratchet that features 120 positions for every full rotation, allowing it to turn fasteners with a swing arc of as little as three degrees.

Its unique design makes it easier than ever for automotive technicians to reach fasteners in severely limited access applications. The 120XP has a 60-tooth gear that alternately engages its Double-Stacked Pawl™ Technology to produce the 120 positions and three-degree swing arc. The ratchet’s teardrop-shaped head has a low profile, which also improves access in tight spaces.

“GearWrench revolutionized the industry with the introduction of the original five-degree ratcheting wrench, which changed the game when it comes to access,” said Jim Stewart, product manager for GearWrench. “The 120XP ratchets take access to a whole new level, providing users with extreme access, which allows them to get jobs done quicker.

The 120XP ratchet design provides all the benefits of a fine-tooth ratchet without sacrificing strength or durability. The product exceeds the ASME (American Society of Mechanical Engineers) strength requirements and delivers the strength and durability that have become synonymous with all GearWrench tools.

The 120XP ratchet’s long handle is ergonomically designed to provide comfort and a good grip for users. It has an easy-to-clean, full polish chrome finish and comes in three drive sizes: 1/4”, 3/8” and 1/2”.  The 120XP ratchets are sold separately and come in select SAE/Metric standard/deep socket sets.

“Automotive technicians often have to remove parts to gain access to tight spaces while working under the hood of a vehicle. With the 120XP, you can avoid that hassle and save valuable time in the shop,” added Stewart.

The following 120XP products are now available:

•           1/4″ Drive Full Polish Teardrop Ratchet

•           3/8″ Drive Full Polish Teardrop Ratchet

•           1/2″ Drive Full Polish Teardrop Ratchet

•           51-Pc 1/4″ Drive SAE/Metric 6 pt Standard & Deep Socket Set

•           56-Pc 3/8″ Drive SAE/Metric 6 pt Standard & Deep Socket Set

•           49-Pc 1/2″ Drive SAE/Metric 6 pt Standard & Deep Socket Set

•           3-Pc Full Polish Mixed Ratchet Set (1/4″, 3/8″, 1/2″), which comes in an EVA foam tray

The 1/4”, 3/8” and 1/2” ratchet and socket sets come in GearWrench branded blow molded cases with removable lids for easy storage and distinguishing yellow latches.

In addition to ratchets, GearWrench also produces ratcheting and non-ratcheting wrenches, sockets, screw/nut drivers, pliers and specialty tools.

About GearWrench

GearWrench is a premier hand tool brand from Apex Tool Group, one of the largest hand tool manufacturers in the world. Since the launch of the original patented five-degree ratcheting wrench, the GearWrench brand has continuously led the industry with breakthroughs in pass -thru ratchets, sockets, screw/nut drivers, pliers and specialty tools. Millions of GearWrench products have been “Professionally Tested” throughout the world. Additional information about GearWrench is available online at www.gearwrench.com.

About Apex Tool Group, LLC

Apex Tool Group, LLC, based in Sparks, MD, is one of the largest worldwide producers of

industrial hand and power tools, tool storage, drill chucks, chain, and electronic soldering products. Directly and through its subsidiaries, Apex serves a multitude of global markets, including automotive, aerospace, electronics, energy, hardware, industrial, and consumer retail.  Apex markets its portfolio of diverse products under its own brand names in addition to being the principal manufacturer for several key private label products for certain retailers for many years. Additional information about Apex Tool Group is available atwww.apextoolgroup.com.

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