Navy Tech Club Welcomes More Shipmates to the Fold
Published Date: 2/28/2025
Notice
Summary
The Maritime Sustainment Technology and Innovation Consortium (MSTIC) just added a bunch of new members from all over the U.S. These changes help protect the group from certain legal risks while they work together on cool maritime tech projects. If you’re part of MSTIC or interested in maritime innovation, keep an eye out because membership is still open and updates will keep coming!
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
New Organizations Joined MSTIC
On January 10, 2025, Maritime Sustainment Technology and Innovation Consortium (MSTIC) added multiple organizations as parties to its venture, including Amaero Advanced Materials and Manufacturing, Inc.; Arctech Charge LLC; Authentise, Inc.; Carnegie Mellon University; Cenith Innovations LLC; and others listed in the notice. If you represent one of these named organizations, your organization is now listed as a party to MSTIC.
Antitrust Recovery Limited for MSTIC Parties
MSTIC filed the January 10, 2025 notification under the National Cooperative Research and Production Act of 1993 (15 U.S.C. 4301 et seq.) to extend the Act’s provisions that limit antitrust plaintiffs’ recovery to actual damages under specified circumstances for parties to this venture. That means parties to MSTIC may be able to limit antitrust liability to actual damages rather than larger recoveries when the Act’s conditions apply.
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