Features:Punch & Die - case hardened dies have wear resistant cutting edges. Alloy punch is stronger, lasts longer than steel. Fits closer,cuts cleaner and is more corrosion resistant.Aluminum Rotating Parts - lightweight for faster, smoother operation.Clean Hand Wheel - no spokes or lugs to interfere with hand.Durable Finish - baked on powder coat industrial black finish.Sealed-In Lubrication - parts rotating on center spindle "ride on oil" from impregnated felt rings in base of machine.Large Dial - easy to readWord Space Button and Release Lever and Button - for quicker, neater, easier stencil cutting.Accurate Spacing - simple cam and ratchet spaces automatically.Quick, Shock-Free Centering - makes charachter selection smoother and easier.Rubber Base Mounts - smooth, soft feel to cutting operation.Lubricated Punch Shanks - felt rings impregnated with oil, on all 40 punch shanks, provide years of self-lubrication and reduce operating sound.18 month limited warranty.