Search Results for keywords:"Undersea Technology Innovation Consortium"

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Search Results: keywords:"Undersea Technology Innovation Consortium"

  • Type:Notice
    Citation:90 FR 12175
    Reading Time:about 2 minutes

    The Undersea Technology Innovation Consortium (UTIC) has informed the Attorney General and the Federal Trade Commission of changes in its membership. New members such as Wider Security LLC and Comark LLC have joined, while companies like Decisive Analytics Corp. and Saltenna LLC have left the consortium. These notifications align with the National Cooperative Research and Production Act of 1993, helping limit antitrust plaintiffs to actual damages in specific situations. Despite the changes, membership remains open, and additional notifications are expected to be filed.

    Simple Explanation

    The Undersea Technology Innovation Consortium is like a club for companies to work together on undersea technology. Some new companies joined the club, while others left, and they told important people to make sure everyone knows and follows the rules.

  • Type:Notice
    Citation:90 FR 8153
    Reading Time:about a minute or two

    The Undersea Technology Innovation Consortium (UTIC) has submitted notifications to the Attorney General and the Federal Trade Commission about changes in its membership. These changes involve adding new members like The Mason and Hanger Group, Inc., and others, while some members such as iXblue Defense Systems, Inc. have withdrawn. These notifications are part of efforts to limit plaintiffs' recovery to actual damages under certain antitrust laws. UTIC plans to continue updating its membership status in the future.

    Simple Explanation

    The Undersea Technology Innovation Consortium is a group that works on technology projects for underwater stuff, and it told the government about some people joining or leaving the group. This helps make sure that if anyone sues them for breaking certain rules, they only pay for real damages, not extra money.