LockTechs Transponder Chip Extractor is a press designed to remove the transponder chip from a transponder key reliably and efficiently. Most transponder keys on the market utilize an inner core that holds the transponder chip inside of an outer jacket which forms the outer plastic of the key head. The LockTech Transponder Chip Extractor (LTTCE) is designed to work on this type of transponder key by using the key blade to force out the inner core exposing the transponder. The LTTCE is designed to be used either handheld, bench mounted, or vise mounted.