Hyperon production and the study of their properties is an important part of the physics programme of the future PANDA experiment at FAIR. Antihyperon-hyperon pairs will be produced in antiproton-proton collisions through the annihilation of at least one light antiquark-quark (u,d) pair and the creation of a corresponding number of antiquark-quark ss pairs. By measuring the decay products of the hyperons, spin observables such as the polarisation can be measured. Many hyperons have a long life-time which give rise to final state particles originating from displaced vertices. A pattern recognition algorithm using information from the PANDA Straw Tube Tracker is extended to reconstruct not only the transversal, but also the longitudinal components of charged tracks. A Hough transform and a path finding method as tools to extract the longitudinal components is being developed.

Stored antiprotons beams in the GeV range represent a unparalleled factory for hyperon-antihyperon pairs. Their outstanding large production probability in antiproton collisions will open the floodgates for a series of new studies of strange hadronic systems with unprecedented precision. The behaviour of hyperons and – for the first time – of antihyperons in nuclear systems can be studied under well controlled conditions. The exclusive production of Lambda-antiLambda and Sigma-antiLambda pairs in antiproton-nucleus interactions probe the neutron and proton distribution in the nuclear periphery and will help to sample the neutron skin. For the first time, high resolution gamma-spectroscopy of doubly strange nuclei will be performed, thus complementing measurements of ground state decays of double hypernuclei with mesons beams at J-PARC or possible decays of particle unstable hypernuclei in heavy ion reactions. High resolution spectroscopy of multistrange Cascade atoms are feasible and even the production of Omega-atoms will be within reach. The latter might open the door to the |s|=3 world in strangeness nuclear physics, by the study of the hadronic Omega-nucleus interaction and the very first measurement of a spectroscopic quadrupole moment of a baryon which will be a benchmark test for our understanding of hadron structure.