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Magnetic bit holder with quick release collar. 2-3/8 inches length. Lets you use standard bits with Centrotec chuck. The Centrotec shank can be used with all three-jaw chucks for no-slip performance or in conjunction with Festool’s Centrotec chuck system. With the Centrotec design there is a better transfer of force with no chance for bit slippage or marring of the drill bit. Reduce the weight of the drill by nearly pound and the length by nearly 1-1/2 with the Centrotec system. Additionally the Centrotec system offers a quicker way of changing bits than a keyless chuck with less run out.