The new Powermatic PM701 Benchtop Mortiser features an in-line depth stop which allows the user to stop at preset depths without racking the mortiser bit to the base. Its heavy-duty reversible handle is so versatile that it can be changed from one side to the other quickly and easily and requires no tools to do so. The stock hold down features a specially designed double lock system. One locks from the side, the other locks from the top, to completely eliminate any slippage when removing the chisel from the work piece. This hold-down is also reversible to allow stock from 0 to 5 inches thick to be captured underneath it. The Powermatic 701 Benchtop Mortiser has a quick-action cam lock that will quickly lock the fence into position with one 90 degree movement. This lock also features lock nuts, so once set they will not have to be continually adjusted. Set-up has never been easier or more precise. The Powermatic PM701 Benchtop Mortiser features an integrated bit and chisel spacer system. These two spacers are used to accurately and quickly account for the space needed between the bit and chisel during set-up. Large work surfaces in the table and fence allow for more stability and accurate cuts. The Powermatic PM701 Benchtop Mortiser also includes a large hinged chuck door with magnetic catch. This unique element allows the user to easily access the drill chuck with the standard 4 inch chuck key to lock the bit in place. In addition, its rack and pinion allow for simple and quick fence adjustments.