Yes. The circuit only has the one chip (4060). It runs a motor for a specified period of time, stops for a delay period, reverses the motor, and repeats. The motor operates an arial tramway. The cars always stop at the station (end points), after proper setup of course. When you cut power, the tram stops anywhere between the ends. But when you power up, it always runs to the end point and stops properly. There are NO limit switches or any kind of position sensing. The only thing that makes sense to keep all of the timing in sync, is the 4060 retains the count.