Patent attributes
A system for identifying, monitoring, and tracking a plurality of tools includes: a pad for placing the tools, wherein the pad includes a plurality of appropriately-sized cutouts for nesting each of the tools; a sensor in each cutout that detects placement and removal of the tool in the cutout; and a low frequency radio tag placed in the pad and operatively coupled with each sensor for reading each sensor. The low frequency radio tag operates at a low clock frequency and is configured to receive and transmit data signals within a peer-to-peer network with any low frequency radiating transceiver. The low frequency radio tag includes: a tag antenna operable at a low radio frequency not exceeding 450 kilohertz, a transceiver, a data storage device for storing data for identifying the tools, a processor for processing the data; and a connector for a power source.