27th May 2026, Australia, Media Release, Vection Technologies Ltd (ASX:VR1, OTC:VCTNY, FRA: S1X), ("Vection" or the "Company"), a leading provider of INTEGRATEDXR and AI-powered digital transformation solutions, is pleased to announce its collaboration with Generali Global Corporate & Commercial (GC&C) on the launch of MetaRELP, an immersive digital platform transforming Risk Engineering & Loss Prevention through virtual and augmented reality. Selected through a rigorous partner process and scaled up via the Generali Innovation Fund, Vection's technology enables the digital recreation of industrial sites and the simulation of realistic loss scenarios - turning complex risk assessments into interactive 3D experiences.
MetaRELP will be deployed across to all GC&C's international Risk Engineers, with augmented reality capabilities initially rolled out in Italy and Spain, demonstrating the scalability of Vection's solutions for the global insurance sector. This partnership validates Vection Technologies' position as a leading immersive technology provider for enterprise and industrial applications, delivering tangible benefits for business and clients’ resilience.
Read the full announcement from Generali Global Corporate & Commercial here:
Generali Global Corporate & Commercial launches MetaRELP, an immersive digital platform transforming Risk Engineering & Loss Prevention
- The platform enables an unlimited amount of training scenarios for Risk Engineers in virtual environments within a wide range of occupancies insured by GC&C.
- The platform also transforms traditional Risk Engineering & Loss Prevention loss scenarios into interactive augmented reality, making risk recommendations clearer and more actionable.
Milan - Generali Global Corporate & Commercial (GC&C) has launched MetaRELP, an immersive digital platform designed to strengthen its Risk Engineering & Loss Prevention (RELP) services. The initiative reflects GC&C’s ambition to make risk communication more effective across complex industrial environments and to support better-informed prevention and client discussions.
One of the key use cases for MetaRELP is to support training and development of our Risk Engineers by providing a continuous training platform as risks change, new risks evolve, become more complex and claims occur. MetaRELP converts typical risk engineering surveys into interactive 3D walkthroughs of industrial facilities with realistic hazards, exposures and controls. All risk engineers can explore and be trained on key areas of a site, understand the relationship between hazards, exposures and controls, visualise how different risks can increase loss potential, supporting clearer dialogue between risk engineers, clients, brokers and underwriters. This strengthens technical judgement across GC&C’s international risk engineering community.
The second use case for MetaRELP is improving client awareness through immersive incident simulations via augmented reality. By showing how events such as fires, machinery failures or inadequate flood protection measures can escalate within a facility, the platform makes the impact of risk more tangible and reinforces the value of preventive action, bringing recommendations to life.
The training platform will be available to all Generali GC&C Risk Engineers, with the augmented reality (visual incidents / recommendations) being initially available in Italy and Spain.
Matthew Day, GC&C Head of Risk Engineering & Loss Prevention, commented: “MetaRELP clearly reflects our ambition to modernise Risk Engineering & Loss Prevention. As part of GC&C’s Next Level Plan 2025–27, we are investing in scalable digital solutions that support risk assessments and underwriting discussions across markets. Pragmatic and effective recommendations is key to building resilience and protecting our clients from incidents; by bridging technical training and commercial engagement, it provides a powerful tool to clearly communicate risks and effective mitigation strategies.”
The solution was developed in collaboration with Vection Technologies, selected through a partner selection process supported and scaled up as a solution by the Generali Innovation Fund. Vection Technologies’ immersive and augmented reality capabilities make it possible to digitally recreate industrial sites and simulate realistic loss scenarios, turning technical risk assessments into interactive experiences.
Gianmarco Biagi, Vection Technologies CEO & Chairman stated: “We are proud to support GC&C in launching MetaRELP, a platform that brings Risk Engineering & Loss Prevention into a new immersive dimension. Through our virtual and augmented reality technologies, we turn traditional risk surveys into interactive 3D walkthroughs, enabling the simulation of complex loss scenarios and making prevention plans clearer and more actionable. MetaRELP demonstrates the scalability and versatility of Vection Technologies’ solutions for the insurance sector, supporting continuous training for Risk Engineers and stronger dialogue between insurers, clients and brokers. I would also like to thank GC&C’s management for their trust and the Generali Innovation Fund for supporting a collaboration that turns technological innovation into tangible benefits for business and clients’ resilience.”
AUTHORISATION:
This media release was authorised by the Board of Directors of Vection Technologies Limited.
ENDS
INVESTOR RELATIONS CONTACT DETAILS:
Cameron Petricevic, Independent Non-Executive Director (Australia)
Email: cameron.petricevic@vection-technologies.com
Lorenzo Biagi, Executive Director (Europe)
Email: lorenzo.biagi@vection-technologies.com
Gianmarco Biagi, Managing Director & Executive Chairman (Europe)
Email: gianmarco.biagi@vection-technologies.com
ABOUT VECTION TECHNOLOGIES:
Vection Technologies is a global technology company specialising in Extended Reality (XR) and Artificial Intelligence. We design integrated digital ecosystems that combine XR, AI and 3D data to transform how enterprises train people, design products, support operations and engage customers. Through immersive experiences, digital humans and intelligent platforms, we help organisations optimise processes, enhance collaboration, accelerate decision-making and create measurable business value across the enterprise lifecycle.
Vection Technologies is listed on the Australian Securities Exchange (ASX) with ticker code VR1, trades on the U.S. over-the-counter (OTC) markets under the symbol VCTNY and is listed on Germany's Frankfurt Stock Exchange under the ticker S1X.
For more information, please visit: www.vection-technologies.com
FORWARD-LOOKING STATEMENTS:
Certain statements made in this release are forward-looking statements. These statements are not historical facts but are based on Vection Technologies' current expectations, estimates and projections about the industry in which the Company operates, and on management's beliefs and assumptions. Forward-looking statements can generally be identified by the use of words such as 'anticipate', 'believe', 'expect', 'project', 'forecast', 'estimate', 'likely', 'intend', 'should', 'will', 'could', 'may', 'target', 'plan' and similar expressions. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond the control of Vection Technologies. The Company cautions shareholders and prospective investors not to place undue reliance on these forward-looking statements, which reflect the view of Vection Technologies only as of the date of this release.
VECTION TECHNOLOGIES LTD
ASX:VR1; OTC:VCTNY | ACN: 614 814 041
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