Engineering services company Hyperion Technology Group, Inc., is expanding operations in Tupelo and making a corporate investment of $500,000 that will create 25 jobs.
“Mississippi workers are trained to help high-tech companies like Hyperion Technology Group achieve and maintain success in our state,” said Governor Phil Bryant. “A decade ago, Hyperion was a start-up company in Tupelo. The company’s expansion and addition of dozens of new jobs is proof we have the workforce and business climate needed to ensure our companies can to deliver quality goods and services to even more consumers around the country and worldwide.”
Hyperion Technology Group, which started in 2009 at the Renasant Center for IDEAs, provides custom electronic systems, such as embedded systems, signal processing, intelligent power and control systems, to government and industry consumers around the world. Hyperion’s expansion accommodates its rapid growth, which requires the company to relocate to a larger facility to fulfill additional contracts. Hyperion will move from its current 11,000-square-foot facility to a 48,000-square-foot facility formerly used as a beverage distribution center.
“We are proud to be a native Mississippi high-tech engineering research company,” said Hyperion President and CEO Geoffrey Carter. “Since our beginning in 2009, we have received a tremendous amount of support from the governor, Mississippi Development Authority, the city of Tupelo and the Community Development Foundation, as well as our federal and state legislators, without which we would not be as successful as we are today, and we are very thankful for their ongoing support. The opportunities in Mississippi are endless, and we have been fortunate to be in a position to attract many customers from the United States and around the world to demonstrate the many opportunities Mississippi has to offer.”
The Mississippi Development Authority is providing assistance for building renovations, as well as a loan to the city of Tupelo for the purchase of the building. Hyperion will lease the facility on a long-term basis from the city.
“I often tell people that it is a privilege to work with some of the smartest and most technically creative people in the world, and that includes our employees, the researchers at our state universities and the other companies we partner with in the state.”
Hyperion Technology Group currently employs 37 workers in Tupelo. The company plans to begin operations in its new facility in early summer.
“Hyperion Technology Group is a shining example of a Mississippi company achieving its goals in our state. MDA congratulates the company on this latest milestone, as well as for its growth, which is creating 25 new high-tech career opportunities for Mississippians in Lee County,” said MDA Executive Director Glenn McCullough, Jr. “We salute the teams at the Community Development Foundation and the city of Tupelo for working with MDA as we support Hyperion Technology Group’s growth in North Mississippi.”