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, ...