PMGC announces formation of new subsidiary

PMGC (ELAB) “announced the launch of a new wholly owned subsidiary, NorthStrive Defense Tech LLC. The Company plans for NorthStrive Defense Tech to operate in the defense technology sector, with an emphasis on drone technology, autonomous systems, and next generation unmanned defense solutions. NorthStrive Defense Tech has been established to serve as a focused platform for the Company’s strategy to identify, acquire, and license advanced defense technologies, with an initial emphasis on drone and autonomous systems. The initiative is centered on sourcing differentiated and underutilized defense technologies through a range of acquisition, licensing, and partnership channels. The Company believes the defense sector is undergoing a period of significant transformation, driven by growing global defense spending, regulatory shifts favoring domestically sourced technologies, and the rapid adoption of unmanned and autonomous systems across military and national security operations. Drone technologies in particular have become an increasingly critical component of modern defense infrastructure across surveillance, logistics, and tactical deployment.”