ALEXANDRIA, Va., Aug. 25 -- United States Patent no. 12,718,196, issued on Aug. 25, was assigned to Parcell Co. (Columbus, Ohio).

"Tool inventory and tracking system" was invented by Erica L. Waite (Columbus, Ohio) and James E. Mainord (Columbus, Ohio).

According to the abstract* released by the U.S. Patent & Trademark Office: "Methods and systems are described for inventory management in scenarios like aircraft repair locations, hospitals, or other locations in need of tracking inventory. A central tool inventory or repository can be used to stock smart retainers and toolboxes. The smart retainers and toolboxes can each comprise a variety of receptacles for storing items, tools, supplies, vehicles, or other objects that a user desires to...