SVM Machining, Inc. Signs Long-Term Agreement to Supply Mission-Critical Aerospace and Defense Components to Turbo-Jet Products Co., Inc.

PMGC Holdings (Nasdaq: ELAB) subsidiary SVM Machining signed a Long-Term Agreement with Turbo-Jet Products to supply mission-critical aerospace and defense components.

Rhea-AI Summary

PMGC Holdings (Nasdaq: ELAB) subsidiary SVM Machining signed a Long-Term Agreement with Turbo-Jet Products to supply mission-critical aerospace and defense components.

The LTA has an initial five-year term with annual renewal provisions, forms a purchasing framework for future orders, and follows SVM's ITAR registration on March 20, 2026.

Positive

• Five-year LTA establishes multi-year supply framework
• Third long-term agreement in 2026 for PMGC Holdings subsidiaries
• ITAR registration (Mar 20, 2026) enables regulated defense work

Negative

• No contract value disclosed, limiting immediate revenue visibility
• AS9100 certification is pending, not yet realized for aerospace qualification

Argus Apr 21 session

-0.90% close to close Open Argus

Details

News Market Reaction – ELAB

On Apr 21, the day this news came out, ELAB closed 0.90% below the previous close.

Data tracked by StockTitan Argus for the Apr 21 session.

Key Figures

Long-term agreements 2026: 3 agreements Initial LTA term: 5 years ITAR registration date: March 20, 2026 +5 more

Long-term agreements 2026

3 agreements

Third long-term agreement signed by a PMGC subsidiary in 2026

Initial LTA term

5 years

Initial term of SVM’s long-term agreement with Turbo-Jet Products

ITAR registration date

March 20, 2026

Date SVM became registered under International Traffic in Arms Regulations

Current share price

$3.32

Price before publication of SVM long-term agreement news

52-week high

$309.12

Pre-news 52-week high level for ELAB

52-week low

$1.62

Pre-news 52-week low level for ELAB

Market cap

$6,352,609

Pre-news market capitalization for ELAB

200-day moving average

$91.59

Pre-news long-term trend indicator for ELAB

Historical Context

5 past events · Latest: Apr 17

5 events

1. Apr 17

   Equity facility secured

   24h Move

   -13.9%

   $40M equity purchase facility to accelerate aerospace and defense M&A.

2. Apr 13

   Biotech collaboration

   24h Move

   +6.0%

   Transfer of EL-32 WCB and optimization program with Modulant Biosciences.

3. Apr 10

   Trade show presence

   24h Move

   -8.9%

   Pacific Sun Packaging exhibiting at ITAD Europe 2026 to expand reach.

4. Apr 9

   Second long-term LTA

   24h Move

   +16.9%

   AGA Precision Systems signs second multi-year LTA with Tier 1 aerospace customer.

5. Apr 8

   Financing facility used

   24h Move

   +30.4%

   Full utilization of $20M equity facility to bolster cash for acquisitions.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

iso 9001:2015, precision cnc machining, international traffic in arms regulations (itar), federal acquisition regulation (far), +2 more

6 terms

iso 9001:2015 technical

"an ISO 9001:2015 certified precision CNC machining company"

ISO 9001:2015 is an international standard for a company's quality management system, describing a structured set of practices that help organizations consistently meet customer expectations and improve processes. For investors, an ISO 9001:2015 certification is like a verified recipe or checklist showing the company follows disciplined procedures to reduce mistakes, control costs, and protect reputation, which can lower operational risk and support steady performance.

precision cnc machining technical

"an ISO 9001:2015 certified precision CNC machining company"

Precision CNC machining is a manufacturing process that uses computer-controlled cutting tools to shape metal or plastic parts to very tight tolerances, like a robotic sculptor carving identical pieces from a block. For investors it matters because higher precision reduces defects, speeds production, and enables complex products—factors that affect costs, product quality, reliability of supply, and a company’s ability to scale or win contracts.

international traffic in arms regulations (itar) regulatory

"SVM is registered under the International Traffic in Arms Regulations (ITAR)"

A U.S. export control system that regulates the sale, transfer and technical support of defense-related products and services to foreign countries and entities. Think of it as a set of permission slips and traffic signals for moving military or dual-use items across borders; failure to comply can block sales, lead to heavy fines or lost contracts, and therefore materially affect a company’s revenue, customers and stock value.

federal acquisition regulation (far) regulatory

"in compliance with applicable Federal Acquisition Regulation (FAR)"

The Federal Acquisition Regulation (FAR) is the rulebook the U.S. federal government uses for buying goods and services, covering how contracts are competed, awarded and managed. For investors, FAR matters because companies that sell to the government must follow these rules to win and keep contracts; compliance affects revenue reliability, legal and financial risk, and the timing of government work—think of it as a strict purchasing manual that determines who gets paid and when.

defense federal acquisition regulation supplement (dfars) regulatory

"Defense Federal Acquisition Regulation Supplement (DFARS) requirements"

A set of procurement rules and requirements that supplement the federal acquisition regulations for companies doing business with the U.S. Department of Defense. It matters to investors because DFARS dictates what contractors must do to win and keep defense contracts—covering things like security controls, reporting, and contract clauses—so compliance can affect a company’s revenue opportunity, costs, legal risk and ability to bid on military work, much like safety rules determine whether a factory can operate.

as9100 certification technical

"actively working toward AS9100 certification, a globally recognized quality standard"

AS9100 certification is a formal quality-management standard for companies that design, make or service parts used in aviation, space and defense; it builds on general quality rules with extra controls for safety, traceability and reliability. For investors, it’s a clear signal that a supplier follows strict processes to reduce product failures, meet regulatory and customer requirements, and compete for aerospace contracts—similar to a safety and trust badge that can protect revenue and lower operational risk.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Third Long-Term Agreement Signed by a PMGC Holdings Subsidiary in 2026, Reflecting Continued Growth in the Company’s Aerospace and Defense Supply Chain Presence

NEWPORT BEACH, Calif., April 21, 2026 (GLOBE NEWSWIRE) -- SVM Machining, Inc. (d/b/a Silicon Valley Manufacturing) (“SVM”), an ISO 9001:2015 certified precision CNC machining company and wholly owned subsidiary of PMGC Holdings Inc. (Nasdaq: ELAB), today announced the execution of a Long-Term Agreement (“LTA”) with Turbo-Jet Products Co., Inc. (“Turbo-Jet Products”), a California-based aerospace and defense supplier. This marks the third long-term agreement executed by a PMGC Holdings subsidiary in 2026.

Under the terms of the LTA, SVM will supply mission-critical aerospace and defense components in support of Turbo-Jet Products’ commercial and defense programs. The LTA provides a framework governing all future purchase orders issued during its term.

The LTA includes an initial five-year term, with provisions for annual renewals, supporting a long-term strategic supply relationship between the parties.

Strategic Importance

SVM believes this LTA strengthens its position within the aerospace and defense supply chain and enables it to support programs that may include U.S. government and defense-related contracts, in compliance with applicable Federal Acquisition Regulation (FAR) and Defense Federal Acquisition Regulation Supplement (DFARS) requirements.

SVM is registered under the International Traffic in Arms Regulations (ITAR) as of March 20, 2026, and is actively working toward AS9100 certification, a globally recognized quality standard for aerospace manufacturing. SVM believes achieving AS9100 certification would further strengthen its ability to support regulated defense programs and deliver mission-critical components with the highest levels of quality, traceability, and regulatory adherence.

About SVM Machining, Inc.

SVM Machining, Inc. (d/b/a Silicon Valley Manufacturing) is a California-based ISO 9001:2015 Certified precision CNC machining and manufacturing services company that produces high-quality, engineered components for a diverse set of mission-critical industries, including medical technology, aerospace, semiconductor, biotech & pharmaceutical, and transportation. Known for its technical expertise, quality systems, and ability to deliver complex parts with precision tolerances, SVM supports original equipment manufacturers and advanced technology customers with reliable and responsive production capacity. For more information, please visit https://svmfg.com.

About Turbo-Jet Products Co., Inc.

Since 1948, Tur-Bo Jet Products has been providing custom innovative design, manufacturing, and solutions for the aerospace, military, transportation, and medical industries. Turbo-Jet Products is an AS9100 Rev. D / ISO 9001:2015 certified designer and manufacturer of custom electromagnetic, electromechanical, mechanical, fluid, and pneumatic controls. For more information, please visit https://tbj.aero.

About PMGC Holdings Inc.

PMGC Holdings Inc. is a diversified holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. We are committed to exploring opportunities in multiple sectors to maximize growth and value. For more information, please visit https://www.pmgcholdings.com.

Forward-Looking Statements

Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Words such as “believes,” “expects,” “plans,” “potential,” “would” and “future” or similar expressions such as “look forward” are intended to identify forward-looking statements. Forward-looking statements are made as of the date of this press release and are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, activities of regulators and future regulations and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Therefore, you should not rely on any of these forward-looking statements. These and other risks are described more fully in PMGC’s filings with the United States Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 30, 2026, and its other documents subsequently filed with or furnished to the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. All forward-looking statements contained in this press release speak only as of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

IR Contact: IR@pmgcholdings.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the main terms of the SVM Machining and Turbo-Jet Products LTA (ELAB)?

The LTA sets an initial five-year term with provisions for annual renewals and a purchase-order framework. According to the company, the agreement governs future purchase orders issued during its term and supports long-term supply.

How does the LTA impact PMGC Holdings (ELAB) aerospace supply chain presence?

The LTA strengthens multi-year supplier relationships and program support within aerospace and defense. According to the company, this is the third long-term agreement by a PMGC subsidiary in 2026, signaling commercial momentum in the sector.

Will the SVM LTA allow work on U.S. government or defense contracts for ELAB?

Yes, the agreement can support programs that may include U.S. government and defense-related contracts, subject to compliance. According to the company, SVM will follow FAR and DFARS requirements for regulated programs.

What does SVM's ITAR registration mean for ELAB shareholders?

ITAR registration permits handling defense-related technical data and controlled items under U.S. rules. According to the company, SVM registered under ITAR on March 20, 2026, enabling eligibility for regulated defense supply work.

How important is AS9100 certification for SVM and ELAB's ability to serve defense customers?

AS9100 certification is a recognized aerospace quality standard that improves supplier credentials and traceability. According to the company, SVM is actively working toward AS9100 to better support regulated defense programs.

Did the press release disclose the monetary value or expected revenue from the LTA for ELAB?

No, the announcement did not disclose a contract value or explicit revenue impact from the LTA. According to the company, the LTA provides a framework governing future purchase orders without publishing dollar figures.