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                                                                       EXHIBIT 1



                      [SOLO ENERGY CORPORATION LETTERHEAD]

August 7, 2001

Mr. Michael Holmstrom
Elektryon
6565 Spencer Street
Las Vegas, Nevada  89119


               RE:  ASSET ACQUISITION AGREEMENT DATED AS OF APRIL 16, 2001 (THE
                    "ACQUISITION AGREEMENT") BY AND BETWEEN ELEKTRYON AND SOLO
                    ENERGY CORPORATION (THE "COMPANY")

Dear Michael:

Reference is made to (i) the above referenced Acquisition Agreement by and
between Elektryon and the Company, dated as of April 16, 2001 and (ii) the
letter agreement by and between Elektryon and the Company dated June 14, 2001
(the "June Letter Agreement"). Capitalized terms used herein, but not defined
herein, shall have the meanings set forth in the Acquisition Agreement and the
June Letter Agreement, except as modified below.

1.  Termination Date. Pursuant to the June Letter Agreement, the Termination
    Date set forth in Section 13.1(e) of the above referenced Acquisition
    Agreement, was extended by mutual agreement from June 30, 2001 to July 30,
    2001. By this letter agreement, the Company and Elektryon hereby agree to
    extend the Termination Date from July 30, 2001 to August 31, 2001. As a
    result of such extension, the Company shall not be obligated to consummate
    the transactions contemplated by the Acquisition Agreement until August 31,
    2001.

2.  Sale of Inventory. Notwithstanding anything in the Acquisition Agreement to
    the contrary, by this letter agreement, the Company hereby agrees that (i)
    on or after August 6, 2001, Elektryon shall be permitted to sell or dispose
    of a portion of its Inventories with a book value not to exceed $500,000
    ("Permitted Inventory Sales"), (ii) Elektryon shall be permitted to retain
    the proceeds from such Permitted Inventory Sales, and (iii) for purposes of
    calculating the distribution of the Cash Escrow under Section 2.5(i) of the
    Acquisition Agreement, any reduction in Inventories resulting from any
    Permitted Inventory Sale shall not be reflected in the Closing Balance
    Sheet. Elektryon shall provide the Company with evidence of the date and
    purchase
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                      [SOLO ENERGY CORPORATION LETTERHEAD]

    price of each Permitted Inventory Sale within two business days following
    the Permitted Inventory Sale.

3.  Information Regarding Series D Financing. The Company hereby agrees to
    conduct a telephone conference call with Elektryon and the Company's
    investment bankers on a weekly basis, beginning the week of August 6, 2001,
    to inform Elektryon as to the current status of the Company's Series D
    financing and to allow Elektryon the opportunity to ask questions regarding
    the same.

All other terms set forth in the Acquisition Agreement, other than any
modifications set forth above and in the June Letter Agreement, shall remain in
full force and effect.

If the foregoing correctly represents your understanding and agreement, please
so indicate by signing a copy of this letter agreement in the place indicated,
whereupon all of the parties hereto shall be legally bound on the foregoing
terms and conditions.

Very truly yours,

SOLO ENERGY CORPORATION

/S/ BROOKS TANNER
__________________________________
By: Brooks Tanner, Chief Financial Officer


                                               AGREED AND ACCEPTED

                                               ELEKTRYON


                                               By: /S/ MICHAEL HOLMSTROM
                                                  ______________________________

                                               Date: 8/7/01
                                                    ____________________________