PartnershipJul 7, 2026, 05:26 PM
PMGC Subsidiary NorthStrive Secures Exclusive Defense Tech License
AI Summary
PMGC Holdings Inc.'s wholly owned subsidiary, NorthStrive Defense Tech LLC, has entered into a Standard Exclusive License Agreement with a licensor. This agreement grants NorthStrive Defense Tech a worldwide, non-transferable, exclusive license to develop and commercialize products covered by U.S. Patent No. 12,291,334 and associated know-how in the aerospace and defense fields. The subsidiary will pay a license issue fee, annual maintenance fees, and royalties, and is committed to a development plan with diligence milestones.
Key Highlights
- PMGC Holdings' subsidiary, NorthStrive Defense Tech LLC, secured a worldwide exclusive license.
- The license covers U.S. Patent No. 12,291,334 and associated know-how in aerospace and defense technologies.
- NorthStrive Defense Tech will pay a non-refundable, non-creditable license issue fee.
- Annual license maintenance fees and royalties on net sales will also be paid to the licensor.
- The subsidiary is required to provide development reports and meet diligence milestones.
- NorthStrive Defense Tech has the right to grant sublicenses to third parties.
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