TUPELO — Hyperion Technology Group Inc. is graduating from the Renasant Center for IDEAs, the Tupelo/Lee County business incubator, and will expand into the former Ad Lab facility in Tupelo.
The project represents a $750,000 company investment and will create 10 new jobs.
To support the expansion project, the Mississippi Development Authority (MDA) provided Hyperion assistance through the Momentum Mississippi incentives program for infrastructure improvements at the company’s new facility.
Hyperion provides multi-disciplined engineering and custom manufacturing solutions to its clients. The employee-owned company houses 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. The group’s designs have been implemented on systems for the U.S. Army, the U.S. Special Forces Command, the U.S. Navy, Los Alamos National Laboratory, TRW Automotive and TSTech – a wholly-owned subsidiary of Honda Motor Corp., and some of its more popular work can be seen on the Discovery Channel’s show “Storm Chasers.”
Hyperion has 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 research and military applications worldwide.