PXI Systems Alliance, Inc. has submitted a notification to the Attorney General and the Federal Trade Commission stating changes in its membership as required by the National Cooperative Research and Production Act. The filing intends to maintain the provisions of the Act which limit the recovery of antitrust plaintiffs to actual damages under certain conditions. Virginia Panel, an individual from Waynesboro, VA, has been added as a member, and Coherent Solutions Limited has changed its name to Quantifi Photonics in Auckland, New Zealand. No other changes have been made to the membership or planned activities, and further updates will be filed as they occur.
Simple Explanation
The PXI Systems Alliance is telling the government about changes in the people who work together in their group; a new company joined, and another changed its name. They do this so everyone knows who is in the group and to follow the rules about fair competition.