DealsJun 5, 2026, 04:07 PM
PMGC Subsidiary Licenses Patent for Defense Tech, Funds Research
AI Summary
PMGC Holdings Inc.'s wholly owned subsidiary, NorthStrive Defense Tech LLC, has entered into two significant agreements with the Florida State University Research Foundation (FSURF). The first is a binding term sheet granting NorthStrive an exclusive, worldwide, and sublicensable license for U.S. Patent No. 12,291,334 and related know-how in aerospace and defense technologies. The second is an Educational Research Agreement, under which NorthStrive will fund $490,657 for further research related to the patent's underlying technology, to be conducted by Florida State University's Center for Intelligent Systems, Control, and Robotics.
Key Highlights
- PMGC Holdings' subsidiary, NorthStrive Defense Tech, entered a binding term sheet with Florida State University Research Foundation (FSURF).
- NorthStrive Defense Tech secured an exclusive, worldwide, sublicensable license for U.S. Patent No. 12,291,334 and related know-how from FSURF.
- The license covers the field of aerospace and defense technologies.
- Consideration for the license includes a tiered earned royalty arrangement on net sales, an annual minimum royalty, a sublicensing revenue share, and an annual license maintenance fee.
- NorthStrive Defense Tech also entered an Educational Research Agreement with FSURF to fund $490,657 for continued technology development.
- The research will be performed by the Center for Intelligent Systems, Control, and Robotics at FSU over a 12-month term, from June 1, 2026, to June 1, 2027.
- NorthStrive Defense Tech has an option to negotiate a royalty-bearing license for any new inventions made during the research.
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