Looks like it's a reasonably well made drill press stand, but if used as illustrated it offers more excitement on start up than inexperienced users seeking a cheap solution might expect.
https://encrypted-tbn3.gstatic.com/s...N1E5H&usqp=CAE
https://www.google.com/search?q=drill+press+stand&client=firefox-b-d&sa=X&sca_esv=557782243&biw=1280&bih=559&tbm=shop&sxsrf=AB5stBgld6sun46cqF_lYl_U9jT2357WXQ:1692275868920&tbs=p_ord:p&ei=nBTeZK-PN7iQseMP5vC_kAE&ved=0ahUKEwivzZzw2uOAAxU4SGwGHWb4DxIQuw0IjAooAg