UHD Alliance, Inc. filed notifications with the Attorney General and the Federal Trade Commission on December 3, 2024, about a membership change in their group research project under the National Cooperative Research and Production Act of 1993. They announced that Valerion Technology USA Co., Ltd. from Denver, CO has joined as a new member. The notifications aim to apply the Act's provisions that limit the damages antitrust plaintiffs can recover. The membership in the research project is open, and UHD Alliance will continue to report further membership changes.
Simple Explanation
UHD Alliance, a group that works on special tech projects, told some government folks they have a new friend in their team, a company called Valerion from Denver, that's helping with the cool research. Doing this keeps their project safe from certain big-money problems in case anyone sues them.