Abstract: A static free permanent magnet holding and release means for use in various machines, such as a seat belt testing machine. The permanent magnet means is operable between an energized condition and a deenergized condition. A preloaded holding means is movable to a first position in engagement with said permanent magnet means for a holding engagement with the permanent magnet means when it is in an energized condition, and movable to a second position by the preload thereon when the permanent magnet means is in a de-energized position for releasing the holding means.