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.