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The "V" groove makes this holder more versatile so that it can hold either square shank toolholders or boring bars. Holds the tool close to the tool post to maximize rigidity when turning, facing, threading or boring. Fits industry standard toolposts. Supplied standard with Victory Thru-Coolant System. Higher speeds and feeds. High tensile strength chromium molybdenum alloy steel. Thru hardened, ion-nitrided, and black oxide coated. CNC precision ground and qualified for accuracy and super precise tool change repeatability within 0.0001". Applicable for holds square shank tools, holds boring bars and other round tools, turning and facing applications, light to medium boring applications, threading and grooving applications, cut-off applications.