Commerce Dept Awards 1-O-X Corp. $2 Million for Digital Electric Motor

    DRAPER, Utah--Oct. 23, 2001--On Friday, the U.S. Department of Commerce's Advanced Technology Program (ATP) announced a $2 million award to 1-O-X Corporation to further the design, development, testing, and construction of its revolutionary digital electric motor, which can make electric vehicles more efficient and less costly.
    1-O-X's patented digital electric motor (DEM), invented by James L. Bailey, is expected to resolve two major obstacles to widespread adoption of electric vehicles-- price and range. Due to its more efficient energy consumption levels, the DEM can allow electric vehicles to travel farther before they must be recharged and offer improved acceleration performance. The DEM is anticipated to cost about half that of current electric vehicle motors. In addition, the DEM's costs should decrease once production ramps up.
    The ATP, a division of the prestigious National Institute of Standards and Technology, concentrates on giving funding to technologies that often are trail-blazing approaches to national problems. Awards are made on the basis of rigorous competitive review considering scientific and technical merit and its potential benefits to the U.S. economy.
    Another promising market for the DEM technology is the heavy vehicle industry. The Bush Administration and the EPA have reiterated their focus on requiring heavy vehicles to reduce their emissions. The DEM is designed to perform at any speed particularly at low speeds, and is virtually emissions free. These characteristics could help trucks, vans and buses reduce their disproportionately high share of pollutants and fuel consumption.
    In addition, as generators essentially are motors run in a reverse cycle, the DEM could be adapted into a digital electric generator, and could be programmed to deliver either AC or DC electricity. The microprocessor controlling the DEM allows for real-time adjustments, making the energy source flexible and controllable. This ATP award will help fund further integration of the DEM into other technologies and help find a wider array of economically and environmentally advantageous applications.

    About 1-O-X Corporation

    1-O-X focuses on the development of a digital electric motor as well as other proprietary electronics and wireless technologies. During its 10-year history, the Company has successfully developed and patented the TransMaster, a computer peripheral that transmits audio signals wirelessly from a computer sound card to any FM receiver.
    Note: More information on 1-O-X and its other products are available at: http://www.10x.net/
    For more information on the NIST and ATP awards: http://www.atp.nist.gov

    This press release contains "forward-looking statements" about 1-O-X's business, including statements regarding anticipated benefits of the DEM, other applications of the technology and additional such statements. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause 1-O-X's actual results to be materially different from any future results expressed or implied in such statements.