Abstract: A folding utility knife comprises a handle, an angularly movable blade holder, blade holder locking mechanism and a cutting blade with a cutting edge and an opposite indexing edge having a first indexing notch, a second indexing notch and a third indexing notch. A blade locking mechanism has a locking pin for locking engagement with the first indexing notch, the second indexing notch, and the third indexing notch holds the cutting blade in a first blade position, a second blade position and a third blade position, respectively. The cutting blade is removable and rotatable 180 degrees for re-insertion into the blade holder whereat locking engagement of the locking pin with the third indexing notch, the second indexing notch, and the third indexing notch holds the cutting blade in a fourth blade position, a fifth blade position and a sixth blade position, respectively.

Abstract: A folding utility knife comprises a handle, an angularly movable blade holder, blade holder locking mechanism and a cutting blade with a cutting edge and an opposite indexing edge having a first indexing notch, a second indexing notch and a third indexing notch. A blade locking mechanism has a locking pin for locking engagement with the first indexing notch, the second indexing notch, and the third indexing notch holds the cutting blade in a first blade position, a second blade position and a third blade position, respectively. The cutting blade is removable and rotatable 180 degrees for re-insertion into the blade holder whereat locking engagement of the locking pin with the third indexing notch, the second indexing notch, and the third indexing notch holds the cutting blade in a fourth blade position, a fifth blade position and a sixth blade position, respectively.

Abstract: A hand tool for use with a cutting blade having two parallel cutting edges provides for selective locking of a handle portion relative to a tool holding portion in two positions which are mirror images of each other, thereby allowing for use of both opposed parallel cutting edges of the cutting blade without the need for removal and re-positioning of the cutting blade in the tool holding portion.

Abstract: A hand held cutting tool is provided for use with at plurality of different tool elements each having a two-sided shank portion of distinct longitudinal profile. The hand held cutting tool is described as comprising: (a) a barrel portion defining an equal plurality of longitudinally extending channels therewithin, with each said channel having a complimentary outline shape and otherwise dimensioned to receive one of said shank portions therewithin in close fitting relation, with a first side of said shank portion positioned adjacent the base of said channel; (b) one or more housing means mounted on the barrel portion for selectively contacting said shank portion remote from said first side to retain the respective tool element in mated held-fast relation within each said channel; and, (c) a handle portion attached to said barrel portion.