Hyperion Technology Group, Inc., announced today that it will graduate from the Renasant Center for IDEAs, Tupelo/Lee County’s regional business incubator, and expand the company by investing over $750,000 in a new facility and new equipment. The expansion will create 10 jobs, doubling the current size of Hyperion Technology Group.
“We would not be here today without the support we have received through the Renasant Center for IDEAs, and we would like to offer a special thank you to the Mississippi Development Authority, Lee County Board of Supervisors, City of Tupelo, and CDF for creating a space where new businesses can grow and thrive,” said Geoff Carter, president of Hyperion Technology Group. “We feel that it is important to the success of our company that we continue to operate in North Mississippi, and through the support of these entities, we will be able to do so.”
Hyperion Technology Group will renovate the former Ad Lab building on West Jackson Street Extended, near the Tupelo Regional Airport. The Mississippi Development Authority (MDA) provided assistance through the Momentum Mississippi incentives program to support infrastructure improvements at the company’s new location.
“I congratulate Hyperion Technology Group on its expansion, and I commend the company for doubling its north Mississippi workforce and further investing in Tupelo and Lee County,” said Leland Speed, executive director of MDA. “MDA is proud to have the tools in place to help our homegrown businesses expand.”
The Renasant Center for IDEAs has partnered with many organizations and businesses to provide the region with the best facility and tools available for entrepreneurship. The Lee County Board of Supervisors and the City of Tupelo are two partners who continually provide support to clients in the business incubator.
“We are excited to see such a successful business graduate from the Renasant Center for IDEAs,” said Joe McKinney, president of the Lee County Board of Supervisors. “Hyperion Technology Group is not only an innovator in their field, but they are a shining example of why we partnered with the Community Development Foundation to build the business incubator.”
“Tupelo is committed to this project and we pledge our cooperation and assistance in making this new facility as productive and successful as your time in the Renasant Center for IDEAs,” said Fred Pitts, president of the Tupelo City Council. “We applaud your job creation efforts and appreciate your trust and continued investment in the City of Tupelo.”
Hyperion Technology Group provides multi-disciplined engineering and custom manufacturing solutions to their clients. They house a full staff of mechanical, electrical, and software design engineers, with over a century of combined experience in technology development for a variety of customers including the U.S. Military, tier-one and tier-two manufacturing customers, government research organizations, and academia. Their designs have been implemented on systems for the United States Army, the United States Special Forces Command, the United States Navy, Los Alamos National Laboratory, TRW Automotive, TSTech – a wholly owned subsidiary of Honda Motor Corp., and some of their more popular work can be seen on the Discovery Channel’s show “Storm Chasers.” They have also entered into a license agreement with the National Center for Physical Acoustics at the University of Mississippi to manufacture and sell sensors that have applications for research and military worldwide.