it was introduced as a source of reloadable brass for the .22ppc and 6mmppc cartridges. the most accurate brenchrest rounds at that time, broke/held all the records.
based on the .308 win case but taking a small rifle primer for more uniform ignition. original brench rest cases were based on the .220 russian (IIRC)...short squaty case, small rifle primer
my contact was through a metallic shiluete handgun shooter