The Naval Surface Technology & Innovation Consortium (NSTIC) has updated its membership by adding new entities such as ACP Technologies LLC, Carnegie Mellon University, and others, while Reservoir Labs, Inc. has withdrawn. This change was filed on October 10, 2024, with both the Attorney General and the Federal Trade Commission, as required by the National Cooperative Research and Production Act of 1993. The purpose of such filings is to extend legal protections regarding antitrust issues. Membership in this group remains open, and NSTIC plans to continue updating the authorities about any changes.
Simple Explanation
The Naval Surface Technology & Innovation Consortium is a group that works together on ship and boat technology for the Navy. They have a new rule that lets some new people join and some others leave, and this helps them follow the special cooperation laws that make sure everything is fair and honest.