ALEXANDRIA, Va., July 15 -- United States Patent no. 12,661,734, issued on June 23, was assigned to Illinois Tool Works Inc. (Glenview, Ill.).

"Systems and methods for welding asset movement tracking" was invented by James Francis Rappl (Neenah, Wis.) and Todd Holverson (Appleton, Wis.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for welding asset movement tracking are disclosed. In some examples, a welding asset tracking system may comprise an asset tracking network of tags, hubs, and/or gateways retained by welding assets within a welding area. Directions of travel of monitored assets may be determined by comparing the order in which assets are identified by the asset tracking network...