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Hyperion Technology adding 25 engineering and tech jobs
Published by the Daily Journal, Tupelo MS
A decade after its
founding, Hyperion Technology
Group is expanding its operations
for the second time and
adding jobs. The $500,000 investment will
create 25 jobs as it moves from
its current facility on West Jackson
Street to the former Mitchell
Distributing warehouse on
Commerce Street. The company
now employs 40.
"We are excited about Hyperion
's expansion and the
continued growth of this local company. These high-paying,
high-tech jobs will be a great
boost for our local economy,"
said Tupelo Mayor Jason Shelton
.
Hyperion Technology Group
provides custom electronic systems,
such as embedded systems, signal processing, intelligen
t power and control systems
to government and industry
consumers around the world.
The company started in 2009 at
the Renasant Center for IDEAs
business incubator and "graduated"
in 2012.
"It's what we envisioned with
the incubator process back in 2002," said Community Development
Foundation President
and CEO David Rumbarger.
" We put some flesh on it with
a building in 2006, and now a
graduate is now employing another
25 high -tech, high-paying
careers. We've had other graduates,
like Homestretch (furniture),
which employs 400. To
say they're a success is almost
an understatement."
Hyperion's move to Commerce
Street will be into a
48,000-square-foot building,
quadrupling its current space.
Company president and CEO
Geoffrey Carter said hiring of the 25 employees - all engineering
and technology jobs
- has begun, and he hopes to
have them on staff within 18-24
months.
"Over the past year, we've
had tremendous growth, not
only with our military sales but
our industrial and commercial
sales," he said. "We've simply
outgrown our facility and had
to find a bigger facility."
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.
Carter said Hyperion
will be moving some staff into its new location in the
next few weeks, with some
equipment now in storage
to be shifted over almost
immediately. Additionally,
as part of the renovation
of the building, some
30 offices will be added.
That work is expected to
be finished by the fall to
allow a complete move-in
of the company's operations.
Shelton said the deal
will not cost city taxpayers
any money.
Hyperion Technology
Group received the Governor's
Award for Innovation
last year. The company
is recognized as an
industry leader in custom
electronic systems development.
FireFLY Boosts Tupelo’s Crime Prevention Efforts
Making a difference in our communities
Hyperion Technology Group participated in their first Toys for Tots donation! Hyperion employees purchased and donated over 200 items in one week: bikes, games, books, dolls, and other toys for children between 12 months and 12 years of age. Pictured: Mr. Geoff Carter, President of Hyperion Technology Group and Mr. Charles Adkins, Toys for Tots .
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662.823.0600
545 Commerce St.
Tupelo, MS 38804
2408 14th St.
Gulfport, MS 39501
9319 Robert D. Snyder Rd
Suite 339
Charlotte, NC 28233
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