NorthStrive Defense Tech Executes Binding Agreement to Acquire Exclusive License to Patented Multi-Domain Drone Payload Technology for Defense, Aerospace and Maritime Applications

• Binding term sheet for an exclusive, worldwide, sublicensable license in the aerospace and defense field to a granted U.S. patent covering autonomous, buoyancy-assisted transport of payloads across air and water
  

NEWPORT BEACH, Calif., June 08, 2026 (GLOBE NEWSWIRE) -- 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.

The term sheet establishes NorthStrive Defense Tech’s exclusive, worldwide, sublicensable commercial rights to the patented platform in the aerospace and defense field, to be implemented through a definitive license agreement, making NorthStrive Defense Tech the single point of access for defense and dual-use development, integration, and sublicensing of the technology. Through the accompanying sponsored research program, NorthStrive Defense Tech also holds a first option to license new inventions arising from the work.

Key terms of the binding term sheet include:

• Licensed Patent Rights: U.S. Patent No. 12,291,334
• Field of Use: Aerospace and defense technologies
• Territory: Worldwide
• Exclusivity: Exclusive
• Sublicensing Rights: Yes
• License Term: Life of the patent
• Development Approach: Commercially reasonable development efforts under a multi-year development plan, advancing the technology toward a working prototype, a validated first commercial-grade unit, manufacturing capability, and customer purchase orders and contract awards.
• Commercialization Rights: Exclusive, worldwide, sublicensable rights to develop, manufacture, market, sell, distribute, and otherwise commercialize licensed products within the aerospace and defense technologies field

In connection with the term sheet, NorthStrive Defense Tech also entered into a sponsored research agreement with the licensor to advance the technology toward a working prototype and, ultimately, potential commercial-grade units.

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