I've been giving some thought to this over the weekend, had a look at how an OTF switchblade works and I think I've come up with a workable mechanism based on a forward/backward button. I might have a go at prototyping it, I've no interest in selling them, but it's just a little interesting puzzle, and I'm happy to assist anyone else in making them. I agree with an earlier poster, that having a button which is pushed in rather than moved forward/backward like an OTF is so much more complicated.
Firstly if you take a look at this youtube video to see how an OTF actually works;
How Does a Double Action OTF Work? - YouTube I'm taking that design and converting it from something flat to something tubular. It's built with K&S Brass tubing in mind. At the centre you have a stainless steel/plastic/aluminium/brass (it's most important that it's non-magnetic) ice pick shaft/point fixed into a solid steel cylinder say 1" long and 1/2" wide. That slots inside a slightly larger tube and can slide up and down like a piston. Then you have loose end caps on each end maybe 1" long which slide over either end of the inner tube (one with a hole in for the ice-pick shaft). Connecting the two end caps to each other you have two tension springs, one running down each side (you night need to cut slots down the length of the central tube to allow for spring space). Finally you put this whole assembly in another outer tube and have strong shallow pot magnets at either end which will attract the central ice-pick solid steel cylinder (again one with a hole in for the ice-pick shaft). The rest works like an OTF knife, the sliding button moves the central tube up/down but the ice-pick cylinder stays stuck to the magnet at one end till the spring tension is enough to break the attraction firing the ice-pick cylinder towards the other magnet. Going for a magnet rather than a catch to hold the ice-pick cylinder in place at each end means the pick is not held as firmly in place as it would be with a catch, but it can't really break (the worst that will happen is the magnet disengages and the ice pick retracts slightly), and it's so much easier to make. I've had a quick look at shallow pot magnets around 15mm diameter and 5-8mm in height and you can get them up to around 3-4kg pull which is a fair bit.
Getting the mechanism to work right is just a matter of matching the springs to the magnet strength. If they are mismatched either moving the button all the way down will not be enough force to disengage the ice-pick cylinder from the magnet, or on the other side, the force will be too much disengaging the ice-pick cylinder from the magnet before there is enough spring force to propel it to the other end stopping the retraction mid-way. If need be, a third or fourth spring could be added to increase the spring pull, or if stronger magnetism was needed, the solid steel ice-pick cylinder could be substituted for a tube with a strong shallow pot magnet at either end, so you have a magnet on both the ice-pick cylinder and at both ends of the tube, greatly increasing the magnetic attraction. Anyway, once that's worked out, the rest is just getting the outside to look the part which is simple enough.
Anyone any thoughts on this?