ALEXANDRIA, Va., May 26 -- United States Patent no. 12,636,709, issued on May 26, was assigned to Iscar Ltd. (Tefen, Israel).

"Cutting tool and indexable cutting insert having a mounting cut-out therefor" was invented by Gil Hecht (Nahariya, Israel).

According to the abstract* released by the U.S. Patent & Trademark Office: "A cutting tool has an indexable cutting insert removably secured to a holding portion of an insert holder. The cutting insert has opposing first and second end surfaces with an insert peripheral surface and a central axis extending therebetween, at least two cutting portions, and at least one mounting cut-out. Each cutting portion has a cutting edge formed by the intersection of rake and relief surfaces formed on the ...