Dr. Carole Teolis is CTO, Chairman and part of the founding team of TRX Systems. She has over 20 years of experience in technical management and is an expert in signal processing and systems design. She is responsible for the overall technical direction of TRX and runs intellectual property strategy for TRX's tracking and mapping IP with 16 issued US patents, 15 international patents and multiple patents pending for the TRX location technology. She secured early funding for TRX through government research contracts, angel investors and the State of Maryland. Built technical team and recruited key business staff. Recruited and formalized board of directors. Dr. Teolis has delivered innovative location technology and developments for the National Science Foundation, the US Army, DARPA, the Department of Homeland Security and TSWG. She continues to play a key role in fund raising to support DOD transition of the TRX NEON Tracking and Mapping System and entry in commercial market.