Locust Folding Bike Clone?

Okay, this would be a bizarre ride. Looking strangely similar to Josef Cadek's Locust folding bike concept (the green & yellow bike to the right), the 'One' folding bike by British designer Thomas J Owen makes turns via a center pivot mechanism (see photo below right).

Supposedly, the bike offers a "revolutionary" means of power assist. By the looks of the mock up, that would probably be a hub motor and batteries built into the enclosed wheels. How mechanical energy is transferred from the pedals is anyone's guess.

When the user is finished cycling, the wheels are designed to fold into the two hatbox like frame members which fold over on one another into a package slightly larger then the wheels. Apparently, the handlebar stem folds down to form a carry handle too.

FYI, I learned about the "One" via a post on Yanko Design. Following is the text that caught my attention:

"'One' provides a real solution to the problems involved with urban transport. With congestion rapidly clogging up the roads the need for products that can free individuals from their car are in real demand. When open, 'One' is a comfortable stylish bicycle that not only offers all the benefits of cycling (like cheap travel and exercise) but with its revolutionary power assist system the user can cruise around with ease. When folded, 'One' turns into a smooth, light and compact case free of all dirty and protruding parts. 'One' can be easily carried, stowed and stored. 'One' is truly a bike for eco and money minded individuals alike. Its stylish design strips it from the folding bike stigma and makes it a bike for the 21st century."

I'll believe it when I see and ride the 'One'.

L