This is a Tool Magnetizer/Demagnitizer from Wiha.
FEATURES: Magnetize or demagnetize tools and small parts instantly.
Shatterproof box is made from high quality plastic.
Allows easy and precise handling in confine spaces.
Collects metal items from inaccessible places.
Demagnetize instruments for use in electronics.
Leaves on hand free for positioning work piece.
INCLUDES: One Tool Magnetizer/Demagnitizer.
SPECS: Length: 2" (5.1cm)
Width: 1-7/8" (4.8cm)
Height: 1-1/8" (2.9cm)