Hyperion Technology 'graduates,' grows

By Dennis Seid/NEMS Daily Journal

TUPELO – Hyperion Technology Group’s most well-known work has been featured on the Discovery Channel’s “Storm Chasers.”
Much of its work also goes unnoticed by the public, but that doesn’t mean it’s not as important.
For example, a sniper-detection system is a Hyperion product now being tested by the U.S. Special Forces Command.
“It boils down to custom engineering,” said company president Jeff Carter, explaining the company’s work.
Hyperion designs and builds sensors and sensing systems for military and civilian use, with clients including Honda, the U.S. Army, the U.S. Navy, Los Alamos National Laboratory and TRW Automotive.
The company also has a licensing agreement with the University of Mississippi’s National Center for Physical Acoustics.
All this work has come about at the Renasant Center for IDEAs business incubator in downtown Tupelo, where Hyperion got its start in 2009.
On Thursday, the company announced a $750,000 investment that will allow it to move into a new facility and add new equipment. With it comes 10 high-paying jobs. The staff, now numbering 12 full-time and six part-time, is made up of mechanical, electrical and software engineers.
Hyperion is renovating the former Ad Lab building on West Jackson Street Extended near the Tupelo Regional Airport.
The Mississippi Development Authority is lending a hand through the Momentum Mississippi program, which helps fund infrastructure improvements.
With its rapid growth, it was time for Hyperion to “graduate” from the incubator, which was opened five years ago.
“This is a benchmark in the marathon of doing business,” said Community Development Foundation President and CEO David Rumbarger. “Hyperion is the 12th graduate since 2006.”
Carter said the company is ahead of where he and his partners thought it would be at this point.
Hyperion had hoped to stay a little longer, but ran out of manufacturing space at the center.
Carter said when the company began looking for a place to get its start, it looked at other locations, including Huntsville, Ala. – an obvious choice with its strong research and development community.
But Tupelo and Lee County’s strong industrial base was hard to ignore.
Plus, the area was ideally located.
“We’re an hour from Ole Miss, an hour from Mississippi State, two hours from Huntsville,” Carter said. “It’s in a good central hub for the work we do. It’s a perfect fit.”
dennis.seid@journalinc.com