The Undersea Technology Innovation Consortium (UTIC) notified the U.S. Attorney General and the Federal Trade Commission about changes in its membership as part of its compliance with the National Cooperative Research and Production Act of 1993. New members added to the consortium include companies like Spear AI, Inc. and L3Harris Tech, Inc., while others like Linden Photonics, Inc. have withdrawn. The notification ensures that any antitrust legal claims against UTIC are limited to actual damages. UTIC assures that its membership will remain open and further updates on membership changes will be submitted as needed.
Simple Explanation
The Undersea Technology Innovation Consortium told the government about new companies joining and some leaving their group. This helps make sure that if there are any legal issues, they only have to pay for real damages, and they will keep informing about any changes in their group.