June 27, 2013 – Milwaukee Electric Tool is expanding its hand tool line with the new Fastback II utility knife. The Fastback II has all the features of the original Fastback utility knife, with the addition of magnetic blade storage that can fold into the handle for increased accessibility. The Fastback II utility knife features a press-and-flip, one-handed blade opening for easy activation. A tool-free blade change allows for fast adjustments, and a thin body design makes it easy to store the knife in pockets. The magnetic blade storage holds one spare blade at a time to keep the profile of the blade as slim as possible. An integrated gut hook and wire stripper also increases utility by allowing the user to make cuts without exposing the blade.