The Naval Surface Technology & Innovation Consortium (NSTIC) has updated its membership as per a document filed on January 13, 2025, under the National Cooperative Research and Production Act of 1993. This filing, which has been shared with the Attorney General and the Federal Trade Commission, outlines new companies that are now part of the consortium, including Active Optical Systems and Qualcomm Technologies, among others. The purpose of this filing is to extend legal protections that limit the recovery of antitrust damages. The group welcomes new members, and NSTIC plans to continue updating the authorities on membership changes in the future.
Simple Explanation
The Naval Surface Technology & Innovation Consortium is like a team of companies, and some new companies have joined their team, like Active Optical Systems and Qualcomm Technologies. They told some important people about it so they can play by all the rules and be fair to others.