Business
PMGC Holdings Inc. Announces Over $711,000.00 in Sales Backlog at AGA Precision Systems LLC and Provides Corporate Update
NEWPORT BEACH, Calif., Oct. 20, 2025 (GLOBE NEWSWIRE) -- PMGC Holdings Inc. (Nasdaq: ELAB) (“PMGC” or the “Company” or “we”), a diversified public holding
About this update from Pmgc Holdings Inc.
[{"type":"text","content":"NEWPORT BEACH, Calif., Oct. 20, 2025 (GLOBE NEWSWIRE) -- PMGC Holdings Inc. (Nasdaq: ELAB) (“PMGC” or the “Company” or “we”), a diversified public holding company executing a targeted roll-up strategy in U.S.-based manufacturing, today announced that its operating subsidiary AGA Precision Systems LLC (“AGA”) has reported a sales backlog of approximately over $711,000 in current orders logged into its Material Requirements Planning system, Sage100. AGA has also confirmed that it is actively bidding on additional Request for Quotations totaling over $700,000 from new customers. PMGC believes AGA’s current backlog and pending orders reflect robust demand, underscoring AGA’s growth momentum and the strong relationships it continues to build with both existing and new customers. PMGC also believes the backlog and pending orders strengthen AGA’s position to expand its precision machining capabilities within the aerospace and defense sectors. The backlog and quotation figures referenced herein are internally prepared, unaudited, management estimates and remain subject to change. AGA’s milestones during the current fiscal quarter included: Capability Expansion: AGA has expanded its manufacturing capabilities with the purchase of the following high performance machinery (delivery expected in Q4 2025): YCM RX65 5 AxisCMZ TA30Y High Performance Turning Center These machine’s state-of-the-art Computer Numerical Control (CNC) systems are designed for true 5-axis simultaneous machining, reducing setups, improving accuracy, increasing throughput, and enabling the production of complex geometries in a single operation. The RX65, part of YCM’s RF/RX series, is built on a rigid RAM-type structure for maximum stability, thermal control, and repeatability. This CNC platform allows operators to turn, mill, and drill complete parts in one setup producing more complex components faster and with higher precision. Engineered for power, rigidity, and accuracy, it is ideally suited for both heavy turning and fine milling, resulting in reduced setups, shortened lead times, and improved part quality. PMGC believes this machinery can expand AGA’s machining capabilities across aerospace-grade materials, including inconel, titanium, steel, and aluminum. We expect these advanced technologies, following delivery, to enhance AGA’s ability to meet the demanding te...