A system for tracking an object in space for position, comprises a transponder device connectable to the object. The transponder device has one or several transponder aerial(s) and a transponder circuit connected to the transponder aerial for receiving an RF signal through the transponder aerial. The transponder device adds a known delay to the RF signal thereby producing an RF response for transmitting through the transponder aerial. A transmitter is connected to a first aerial for transmitting the RF signal through a first aerial. A receiver is connected to the first, a second and third aerials for receiving the RF response of the transponder device therethrough. A position calculator is associated to the transmitter and the receiver for calculating a position of the object as a function of the known delay and the time period between the emission of the RF signal and the reception of the RF response from the first, second and third aerials. A method is also provided.