A power tool for installing a metal locking tie is disclosed. The power tool includes a body and a power chassis. The body of the tool includes a gear carrier, a tensioning mechanism and a cutting mechanism. The gear carrier is positioned in the tool body and the tensioning mechanism is mounted in the gear carrier. The cutting mechanism engages the gear carrier. As the tie is tensioned, the gear carrier moves linearly in the tool body to cut the tensioned tie.
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