Triton Expansion Is Welcome Economic News

By Steve Phillips - bio | email

LONG BEACH, MS (WLOX) - Harrison County got a surprise economic boost Friday. Triton will open a new research and development facility in Long Beach.

There have been worries recently about the long term future of Triton, which is being purchased by a Korean company.

This good news should help ease that uncertainty

"This is the brains of the machine. Very simple. You've got a power supply," said James Phillips, as he showed visitors the "guts" of an ATM.

Phillips took a job at Triton 11 years ago. He's now sales director for North America. His personal rise mirrors the extraordinary growth in this ATM manufacturer.

"We've grown quite a bit since those early days. When I started, I think I was employee number 60. And we've got about 400 employees now," he says.

The company's plans to build a Research and Development facility in Long Beach should ease worries about the impact of the pending sale to a Korean firm.

"I think it's very, very significant. Certainly there's been some unease in the gulf coast area about what's going to happen with Triton. And this should certainly ease people's minds. We're definitely going to be expanding and growing here on the gulf coast," says Phillips.

There's no word yet on how many new jobs it will create. But for a community that's come to count on Triton for economic stability, it's welcome.

"Any positive jobs created is always good news. And I think these are jobs that are probably upper end, engineering and so forth. That's always good in a community," said Long Beach Mayor Billy Skellie.

Expanding R-and-D should give Triton an even bigger advantage in the global market.

"It's a research and development center. And essentially it's going to allow us to expand our engineering efforts. It's going to be primarily focused on software development, hardware development and so forth for the global market," Phillips said.

The sale of Triton to Nautilus-Hyogung of Korea is being reviewed by the Department of Justice. It's expected to be approved in the next few weeks.