Quick-change tool holder and tool

A quick-release rotary tool system for use with rotary drive comprising:

• a tool holder having inner and outer ends and an outwardly tapering conical central bore surface defining a central axis;
• adaptor means for coupling said tool holder to the rotary drive for rotation of the tool holder about said central axis;
• a tool bit assembly including a cutting edge and a base end, said base end having a conical base surface configured for complementary engagement with said central bore surface;
• said base surface and said central bore surface including complementary drive surface portions to transmit drive forces between said tool bit assembly and said tool holder, said base surfae of said base end including a recessed portion therein;
• quick-release means for axially releasably securing the base end of said tool bit assembly within the central bore defined by said central bore surface, said quick-release means including a latch plate having first and second ends and being pivotally mounted to said tool holder for movement in a radial plane about a pivot pin at said first end between a released position and a locked position, said latch plate positioned so that an inner edge thereof engages the recessed portion of said base end when said base end is substantially fully mounted within said central bore and said latch plate is in said locked position;
• means for biasing the inner edge of said latch plate toward said locked position;
• said latch plate including an axially extending release pin at said second end of said latch plate;
• and
• said tool holder including a finger recess for providing access to said release pin when said latch plate is in said locked position to allow a user to pivot said latch plate from said latched position toward said released position to allow said tool bit assembly to be removed from said tool holder.