PoLTE: The Forefront of Virtual Location Technology
PoLTE is a software company with a virtual location platform and a robust portfolio of patented virtual location technologies that can persistently and ubiquitously track IoT (“Internet of Things”) devices and mobile handhelds in real-time as they move seamlessly between outside and indoors. The World is rapidly becoming “Hyper Connected” as billions of new “things” become connected each year. Experts forecast the growth in cellular enabled “things” to outpace that of mobile phones. Essential to these connections is the need to provide virtual location of devices, both indoors and outdoors.
The Virtual Location Market
According to Research, the virtual location of things market size is expected to grow from USD 5.46 billion in 2017 to USD 71.6 billion by 2025, at a CAGR of 34.1% from 2017 to 2025. PoLTE’s technology is uniquely positioned to capitalize on the projected growth from a “Hyper Connected World”. The inadequacies of GPS, Wi-Fi and Bluetooth as virtual location technologies fuel the opportunity for PoLTE.
PoLTE is currently in the midst of a multiphase trial with a Tier 1 cellular carrier, yielding very positive initial results. Through these trails PoLTE has engaged with a number of leading chipset vendors and IoT module vendors. The successful completion of the trial should lead to agreements with partners and carriers to commercialize the technology for IoT devices and mobile phone markets. Other carriers have expressed interest in supporting similar trials.
Chao serves as PoLTE’s CEO and brings over 26 years of executive leadership experience in the global wireless industry to help position PoLTE as the premier geolocation technology provider for IoT and mobile devices.
In his former role as a senior technology executive at MetroPCS, Chao established the company as the leader in bringing affordable, unlimited wireless to the U.S. He played a key role in the merger of the company with
T-Mobile U.S. As an executive at Lucent Technologies, Chao helped establish the company’s leadership in building the mobile internet by bringing 2G and 3G wireless network solutions to operators globally.
Chao also served with the US Digital Service at the White House leading top digital talent from the industry to transform the user experience of citizenship and immigration services.
Chao holds a Master of Business Administration from Columbia University, a Master of Science in electrical engineering from Georgia Tech, and a Bachelor of Science in electrical engineering from Rutgers University. He is a co-inventor of three patents.
Russ Markhovsky, founder and president of PoLTE, brings a deep knowledge of the location space spanning more than a decade. His efforts have been at the forefront of pushing the bounds of location technology and are evident in numerous PoLTE patents.
Previously, Markhovsky served as General Counsel at Go2Call, one of the first VoIP companies, where he negotiated complex licensing and advertising agreements as well as strategic technology partnerships, helped raise over $5 million in venture capital, and managed FCC compliance issues.
Previously, Markhovsky practiced corporate and intellectual property law for a variety of start-up and venture-backed companies. Markhovsky also participates in several industry consortiums, including the European Telecommunications Standards Institute and the Mobile Edge Computing Congress.
He holds a bachelor’s degree in accounting from California State University at Northridge, a master’s degree in computer science from the University of Chicago, and a juris doctorate in law with distinction from the University of Iowa.
Steven Sherman, CFO of PoLTE, has a distinguished 30-year career in telecommunications and technology, serving in executive leadership positions for business groups such as operations, sales, products, and services.
Prior to joining PoLTE, Sherman previously served in several financial executive positions for business units of Alcatel-Lucent for more than 10 years, including CFO – Wireless Business Group; America’s Region CFO & Business Office; and Senior Vice President and CFO, Alcatel North America. He also served as a consultant during the acquisition of Alcatel-Lucent by Nokia.
Sherman holds a bachelor’s degree in accounting from Michigan State University and is a Certified Public Accountant.
Truman Prevatt, Ph.D.
As Chief Scientist for PoLTE, Truman Prevatt, Ph.D. brings more than 40 years of experience as a senior systems engineer for the U.S. government and private industry.
During his career, Prevatt has led the development of state-of-the-art signal processing and communications security technologies and conducted advanced research in the areas of geo-location, radar, and imaging systems.
He was recognized for his technical achievements at the National Security Agency (NSA) where he worked for 14 years.
Prevatt holds a doctorate in mathematical physics from Johns Hopkins University and a bachelor’s degree in mathematics and physics from Purdue University.
PoLTE is a software company whose location technologies seamlessly track the “Internet of Things” (IoT) and mobile devices indoors and outdoors via its cloud-based, virtualized location platform.
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