With the success of the Sinclair ZX Spectrum Tangerine's backers suggested a home computer and Tangerine formed Oric Products International Ltd to develop and release the Oric-1 in 1983. Based on a 1 MHz 6502A CPU, it came in 16 KB or 48 KB RAM  variants for £129 and £169 respectively, matching the models available for the popular ZX Spectrum and undercutting the price of the 48K Spectrum by a few pounds. Both Oric-1 versions had a 16 KB ROM containing the operating system and a modified BASIC interpreter.