PMGC targets space economy with precision manufacturing

PMGC Holdings Inc. is positioning its precision manufacturing platform to capitalize on the growing demand within the space exploration sector. The company's wholly owned subsidiaries—A&B Aerospace, SVM Machining, and AGA Precision Systems—provide advanced manufacturing capabilities aligned with the quality and compliance standards required by aerospace, defense, and space customers. PMGC aims to leverage these assets to serve supply chains for satellites, launch systems, and space infrastructure.

Exposure to High-Growth Space Economy Segments

PMGC's platform is aligned with several high-growth areas of the space economy, including satellites, launch vehicles, spacecraft, and lunar infrastructure. According to The Space Foundation, the global space economy reached a record $613 billion in 2024, up 7.8% year-over-year. McKinsey and the World Economic Forum have projected the sector could grow to approximately $1.8 trillion by 2035. These figures represent total industry size and are not projections of the company's financial performance.

U.S.-Based Precision Manufacturing Capabilities

The company's U.S.-based operating companies provide tight-tolerance CNC machining, fabrication, and complex component manufacturing. PMGC's manufacturing platform is positioned to support three key areas of the space economy:

Segment	Applications
Space Launch Systems	Launch vehicles, propulsion systems, structural assemblies, ground support equipment
In-Space Manufacturing and Spacecraft Components	Spacecraft, orbital platforms, mission hardware, advanced space infrastructure
Satellite Manufacturing	Satellite systems, payload structures, communications hardware, space-based technologies

Established Customer Relationships and Growth Opportunity

PMGC's operating companies have established a track record of serving customers across the space, aerospace, and defense sectors, including SpaceX, Moog, and Lawrence Berkeley National Laboratory. According to historical sales data, work performed for space-related programs and applications represented approximately 5.7% of total top-line revenue across A&B Aerospace, SVM Machining, and AGA Precision Systems over the past two years. PMGC management believes this represents an established base of space-sector revenue to grow from, noting that these capabilities were never actively marketed to the broader space economy under prior ownership.

NorthStrive Defense Tech LLC, a wholly owned subsidiary of PMGC Holdings Inc., has entered into a binding term sheet with Florida State University Research Foundation, Inc. to secure an exclusive patent license for aerospace and defense technologies. The agreement, signed on June 2, 2026, grants NorthStrive Defense Tech worldwide, sublicensable rights to U.S. Patent No. 12,291,334 and related know-how. This strategic move allows the subsidiary to integrate specific patented technologies into its product offerings under a defined development framework.

Financial Terms and Obligations

The financial structure of the license is based on a tiered earned royalty arrangement payable to Florida State University Research Foundation. Royalties are calculated as a percentage of net sales from licensed products, with the rate varying by product category and cumulative net sales. The agreement stipulates an annual minimum royalty payment and a sublicensing revenue share percentage to be paid to the foundation. Additionally, NorthStrive Defense Tech is obligated to pay an annual license maintenance fee.

Development Plan and Conditions

As part of the term sheet, NorthStrive Defense Tech agreed to pursue a multi-year development plan using commercially reasonable efforts, as detailed in Appendix B of the agreement. The development timelines within this plan are subject to adjustment based on evolving technical, funding, and market conditions, provided such changes are agreed upon by both parties. Florida State University Research Foundation retains all rights not expressly granted in the term sheet.