capstan

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Related to Capston: capstan, capstone project, CAPSIM

capstan

1. a machine with a drum that rotates round a vertical spindle and is turned by a motor or lever, used for hauling in heavy ropes, etc.
2. any similar device, such as the rotating shaft in a tape recorder that pulls the tape past the head

Capstan

 

a ship’s winch with a vertical drum for lowering and hoisting the anchor, taking up the slack in mooring lines, lowering fishnets and trawls, and the like. Capstans may be operated manually or by steam, electric, or hydraulic drives. The drives are usually set below deck.

capstan

[′kap·stən]
(engineering)
A shaft which pulls magnetic tape through a machine at constant speed.
(naval architecture)
A rotating vertical spindle-mounted drum on which cable is wound for raising an anchor or other heavy weight.

capstan

On magnetic tape drives, a motorized cylinder that traps the tape against a free-wheeling roller and moves it at a regulated speed.


References in periodicals archive ?
Pursuant to the terms of the definitive Reorganization Agreement dated February 8, 1999, (i) the outstanding voting securities of the Company will be consolidated in the ratio of one post-consolidation share for every 11-1/2 pre-consolidation shares held by a stockholder, provided, however, that no single stockholder's share ownership will be reduced to fewer than 100 post-consolidation shares, (ii) an additional 300,000 shares will be issued to Capston Network Company pursuant to a Plan of Reorganization previously approved by the Company's stockholders, (iii) the Company's Certificate of Incorporation will be amended to change the Company's name to Telemetrix, Inc.
The closing of the transaction is subject to negotiation and execution of a definitive business combination agreement containing customary terms and conditions and the filing of a Form S-8 Registration Statement under the Securities Act of 1933 for the shares of common stock issuable to Capston, legal counsel and the financial consultants.
Navis"), and an institutional investor ("Institutional Investor") to enter into a business combination transaction in which (a) the Company will effect a reverse split to reduce its issued and outstanding common stock to 540,000 shares, more or less; (b) the shareholders of Navis will contribute all of their interest in Navis to the Company in exchange for 8,000,000 shares of common stock; (c) an Institutional Investor will contribute $5,000,000 in cash to the Company in exchange for 5,000,000 shares of convertible preferred stock and 2,000,000 common stock purchase warrants; and (d) the Company will issue a total of 1,460,000 shares of common stock to Capston Network Company and other professionals as compensation for services.