PMGC Holdings Inc. (NASDAQ:ELAB) (the "Company," "PMGC," "we," or "our"), a diversified holding company executing a precision manufacturing growth strategy across the aerospace and defense supply chain, today announced that its wholly owned subsidiary, A&B Aerospace, Inc. ("A&B Aerospace"), has entered into a Long-Term Agreement (the "Agreement") with Precision Aerospace & Defense Group, Inc. ("PAD Group") to manufacture and supply precision-machined aerospace and defense components.

The Agreement, effective July 23, 2026, establishes a two-year framework under which PAD Group and its subsidiaries may issue purchase orders to A&B Aerospace for precision-manufactured components supporting aerospace and defense programs. The Agreement automatically renews for successive one-year periods unless either party provides notice of non-renewal, creating the foundation for a durable, multi-year manufacturing relationship. Each purchase order will specify the applicable products, quantities, pricing, delivery schedules, and other requirements. The Agreement does not include a guaranteed minimum purchase volume or revenue commitment.

Importantly, the Agreement positions A&B Aerospace to support purchase orders associated with U.S. federal government prime contracts, subject to the applicable Federal Acquisition Regulation (FAR) and Defense Federal Acquisition Regulation Supplement (DFARS) requirements incorporated into the relevant purchase orders. PMGC believes this framework expands A&B Aerospace's addressable opportunity within the U.S. defense industrial base, where demand for qualified, U.S.-based precision manufacturing capacity continues to grow across aircraft, defense systems, and mission-critical component programs.

The Agreement reflects continued commercial momentum across PMGC's precision manufacturing platform, which currently includes A&B Aerospace, AGA Precision Systems, and SVM Machining. PMGC believes the relationship further validates the high-tolerance CNC machining, complex assembly, and engineered component capabilities of its operating companies, and demonstrates the platform's ability to win long-term programs with aerospace and defense customers that require rigorous quality systems, reliability, and on-time delivery. The Company expects to pursue additional long-term agreements and program awards across its manufacturing subsidiaries as it continues to scale its aerospace and defense footprint.