Cutting tool mounting assembly with split, modular and wireless wear detection system

A cutting tool mounting assembly adapted for attachment to a surface of a rotatable driving member of a cutting tool machine, the cutting tool mounting assembly comprising:

• a base including a bottom surface and a front portion that defines a receptacle;
• a bushing configured to be received in the receptacle of the base, the bushing including a forward face that defines an aperture;
• a rotatable cutting tool received in the aperture of the bushing, the rotatable cutting tool including a cutting tip;
• a cutting tool body, the cutting tool body having an axial forward end and an axial rearward end, a head portion axially rearward of the axial forward end and having a base portion, a collar portion axially rearward of the head portion, and a shank portion axially rearward of the collar portion and axially forward of the axial rearward end;
• a bolster at least partially received in the head portion, the bolster including a socket, wherein the cutting tip is at least partially received in the socket of the bolster;
• and
• a split, modular and wireless detection system comprising:
• a target for emitting a signal representative of wear of the cutting tip;
• a sensor element at a spaced apart location with respect to the target for detecting the signal emitted by the target;
• a data recording and data transmitting device for recording data from the sensor element and for wirelessly communicating a signal to a processor and/or a display device,
• wherein the target is mounted either at an axial forward end of the base portion proximate the bolster and the cutting tip, located internally in the cutting tip or interspersed into the cutting tip.