This paper model is the OmniWrench 12000, another newer version of the OmniWrench 8000, found on planet Aranos of the platform video game series Ratchet & Clank, the papercraft is created by Mickey103.
The Wrench was colored orange/red with teeth similar to the original OmniWrench 8000. It dealt four times as much damage as the old OmniWrench 8000, which made it extremely effective against most larger enemies. The orange parts on the wrench would glow when bolt cranks were turned by Ratchet.
Ratchet continued to use this wrench during the events of Up Your Arsenal, and eventually stopped using it after being kidnapped for DreadZone, replacing it with an identical-looking Vox Industries Versa-Wrench Lite. [Source: wikia]
You can download this papercraft model template here: Ratchet & Clank - OmniWrench 12000 Free Paper Model Download