Magnetic drill press motor with 2-speed settings provides optimal performance in a variety of applications. Overload protection electronics prevent motor damage and excess accessory wear. Quick change chuck system allows for tool free change between 3/4 inch Weldon shank and 1/2 inch keyed chuck. Quick release feed handles provide tool free change of handles to either side of the tool. Magnetic coolant bottle can be placed on either side of tool or on a work surface to allow for a variety of tool orientations. 4-3/8 inch drill travel offers maximum capacity for heavy duty applications. Motor height adjustment gives greater range of accessory compatability. Includes magnetic coolant tank, safety chain, adjustment tools, quick change 1/2 inch keyed chuck and kit box.