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Pilot Vanishing Point
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=== Development and introduction === Pilot began developing a capless fountain pen in 1960. The project sought to combine the writing characteristics of a fountain pen with the speed and convenience increasingly associated with ballpoint pens. A central technical problem was preventing the exposed nib and feed from drying when the pen was not in use.<ref name="pilot-development" /> The first Capless was released in 1963. It used a rotating mechanism: turning the rear portion of the barrel opened the shutter and extended the nib. Pilot describes it as the world's first fountain pen without a conventional cap.<ref name="pilot-history" /><ref name="pilot-100">{{cite web |url=https://www.pilot.co.jp/100th/story/capless.html |title=Fountain pen “Capless” |publisher=Pilot Corporation |language=Japanese |access-date=29 October 2026 }}</ref> In 1964 Pilot introduced the first push-button Capless. This version could be operated with one hand and established the basic arrangement used by most later models: pressing the button extends the nib through the shutter, while pressing it again retracts the nib and closes the opening.<ref name="pilot-history" /> The Capless received an award at an international gift fair in Paris in April 1964. In 1966, Pilot received an Ōkōchi Memorial Technology Prize for the invention and practical development of the Capless.<ref name="pilot-100" />
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