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Pentasonics is a novel start-up company introducing revolutionary technology to the Objects Localization, Identification and Tracking industry. Pentasonics is developing a patented technology, that will realize a cost effective, real-time â€œlocalize and trackâ€ system. The same technology allows to identify and track the position and the orientation of many objects in the 3D space. The system offers the capability to localize many â€œobjectsâ€ inside home, buildings, or open air sites and noisy environments too adopting new algorithm capable to estimate the position of identical remote devices. Real-time position tracking is achieved trough refreshing the localization data many times per second. Localization range can be tenths of meters and the accuracy is in the order of millimeters using ultrasound ranging techniques with the required positioning accuracy. The system provides identical remote devices with the simplest hardware possible to lower the costs and the power consumption.