NorthStrive Defense Tech LLC ("NorthStrive Defense Tech"), a wholly owned subsidiary of PMGC Holdings Inc. (the "Company") (NASDAQ:ELAB), today announced entry into a binding term sheet for an exclusive, worldwide, sublicensable license, within the aerospace and defense technologies field, to a patented multi-domain drone payload technology covered by U.S. Patent No. 12,291,334. The technology enables an aerial vehicle to autonomously transport a cable-suspended payload across air and water, using buoyancy-assisted transport designed to improve payload efficiency over traditional air-only drone systems.

The term sheet follows the parties' exclusive option agreement announced on April 6, 2026, advancing the parties' option arrangement to agreed, binding terms for an exclusive license.

U.S. Patent No. 12,291,334 covers a multi-domain drone system that transports payloads across air and water. An aerial vehicle tows a cable-suspended payload through water while flying above the surface, using buoyancy-assisted transport designed to improve payload efficiency and to enable concealed, autonomous movement of payloads across coastal, riverine, and other complex maritime environments.