The Oric-1 was launched in 1983 by Tangerine and originally had 16K or 48K. The Oric-1 came with an 8-bit CPU with a speed of 1 MHZ.
BASIC is an acronym for Beginners All-purpose Symbolic Instruction Code
8-bit is an early computer hardware device or software program that is capable of transferring eight bits of data at the same time.
8-bit computer manufacturers Sinclair, Acorn and Tangerine (Oric) were all based within a few miles of each other in Cambridgeshire England.