Hyperion Technologies picks region

FORT COLLINS – The four founders of a company specializing in high-fidelity automotive simulation are relocating themselves and their company to Fort Collins after a thorough search of several western states.

Hyperion Technologies Inc. was founded in Iowa City, Iowa, to commercialize technology developed at the University of Iowa. The university is known for its groundbreaking research in simulator technology. The U.S. Department of Transportation, as well as several state departments of transportation and the Department of Defense, work with the university on cutting-edge simulator work.

“We have strong applications in driver training and a range of serious applications,´ said Doug Evans, CEO for Hyperion. “But we also have a passion for good entertainment.”

SPONSORED CONTENT

Federal District Court Rules Corporate Transparency Act Unconstitutional . . . But Most Small Businesses Must Still Comply

Lyons Gaddis Real Estate and Business Attorney Cameron Grant shares important details of the Corporate Transparency Act (CTA).

So in addition to developing software and building simulators to duplicate dangerous road conditions and train for hazard-avoidance, Hyperion is developing products for theme parks and CD-ROM games for personal computers.

Indeed, a large software publisher is testing one of Hyperion’s high-speed, interactive, full-color entertainment products. And the company is working with Xulu Entertainment, a California-based developer of entertainment simulators.

While Evans and the three other company founders, Michael Bartelme, Michael Booth and Michael Morrison, are fond of Iowa and the university there, they were ready to expand.

“We did quite a search, and Colorado came out as the best global solution for our families,” Evans said. “The university environment is very valuable to us for new talent and staff. And we see the metro area as strong for interaction with other companies.”

The 2-year-old company will locate to 1,800 square feet at 1800 E. Lincoln.

Evans said the company has zero external debt and is making money.

“We keep being approached by people who want to invest, and we are carefully considering venture-capital funding,” he said.