US Patent 10052754 Magnetic tool holder

A magnetic tool holder includes a body having a bottom and side walls defining an elongate central channel, wherein the bottom defines a first plane and ends of the side walls define a second plane, wherein the body further includes side edges laterally extending from said side walls in the second plane, and outer side walls extending from the side edges back to the first plane; and at least one magnet in the elongate central channel, the at least one magnet having a tool securing surface positioned substantially coplanar with the second plane. The outer side walls configured in this manner greatly increase the magnetic flux in both planes or surfaces of the holder.