The company will develop four Scalable Passive Acoustic Reporting and Targeting Node (SPARTN) systems for the Marine Corps.
Hyperion Technology Group started in 2009 at the Renasant Center for IDEAs in Tupelo and has experienced rapid growth. On Thursday, the company was awarded a $10,012,627 contract from the U.S. Department of Defense for the production and delivery of four Scalable Passive Acoustic Reporting and Targeting Node (SPARTN) systems for the Marine Corps.
According to the award notice, the work will be performed in Tupelo at the company’s 48,000-square-foot facility and is expected to be completed by July 2026.
The defense contract is a Small Business Innovation Research (SBIR) Phase III effort and is derived from, extends, or completes efforts made under prior SBIR Phase I and Phase II awards.
“The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs are highly competitive programs that encourage domestic small businesses to engage in Federal Research/Research and Development (R/R&D) with the potential for commercialization,” the Small Business Administration states. “Through a competitive awards-based program, SBIR and STTR enable small businesses to explore their technological potential and provide the incentive to profit from its commercialization. By including qualified small businesses in the nation’s R&D arena, high-tech innovation is stimulated, and the United States gains entrepreneurial spirit as it meets its specific research and development needs.”
Hyperion Technology Group provides custom electronic systems, such as embedded systems, signal processing, intelligent power and control systems, to government and industry consumers around the world.
Mississippi U.S. Senator Roger Wicker marked the award to Hyperion by tweeting, “Mississippi continues to lead in defense innovation.”