Black bat/black shaft, switchable (4/8 way) joysticks with a magnetic centering mechanism produced by iL (Industrias Lorenzo)
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The iL Magnetic Stick is a short throw magnetic centering joystick, popular in the schmups community for it's accurate short through and Mame community for the ease of switching between 4 and 8 way action.
This model is a black bat with black shaft.
A little history:
iL was the original manufacturer for HAPP arcade parts. Once HAPP and SUZO merged into SUZO-HAPP, HAPP moved production of their arcade parts to SUZO's Chinese manucturing plants. This left iL to manufacture these parts with decades of history under their own brand. Today, it may be said that iL is the better known of the two Western parts manufacturers. This is mostly in part because cabinet builders seek iL parts out to maintain vintage standards and the higher quality over HAPP products.