Hans Schantz and Bob DePierre invented near-field electromagnetic ranging (NFER^®) technology in 2002. They reduced it to practice in Bob's garage and demonstrated the first proof-of-concept NFER^® system in Bob's driveway in August 2002. Hans and Bob joined with Jerry Gabig to incorporate Q-Track in October 2002.

Q-Track's development of NFER^® technology was supported largely out of the principals' pockets, along with a handful of angel investors and contracts from the U.S. Army, the Defense Advanced Research Projects Agency (DARPA), the National Institute of Occupational Safety and Health (NIOSH), the National Science Foundation (NSF), the National Institute of Environmental Health Sciences (NIEHS), and the Department of Homeland Security Advanced Research Projects Agency (HSARPA).  The U.S. Patent and Trademark Office awarded Q-Track U.S. patent 6,963,301 for NFER^® technology. Q-Track received U.S. Patents 7,298,314 and 7,307,595 in 2007 for significant improvements in NFER^® technology. With additional patent wins in 2008 and 2009, Q-Track now has a total of seven U.S. Patents with another nine pending.

Today Q-Track has 20 full-time employees and works with universities like Stanford, Auburn, Georgia Institute of Technology, Massachusetts Institute of Technology, Notre Dame, and University of Alabama Huntsville, as well as J.F. Drake State Technical College to give students hands on experience doing real engineering work as interns or co-op students. Additionally, Q-Track aims to hire these students after they graduate and strongly encourages further education.  Q-Track has also hired a number of retired  military personnel who are key contributors to the Q-Track team.

The Q-Track Corporation is located in Huntsville, Alabama. In July 2008, Inc Magazine selected Huntsville, Alabama, as one of the Top Five Mid-Sized Cities for Doing Business. In July 2009, Kiplinger chose Huntsville, Alabama, as Number 1 in their Ten Best Cities of 2009. CNN/Money selected Huntsville as Number 1 among their top midsize places to launch a small business in October 2009. Their coverage featured Q-Track as an example of a prominent Huntsville start-up.