This paper gives an overview of the European (EU) project RESOLUTION (reconfigurable systems for mobile local communication and positioning). RESOLUTION aims at developing a wireless three-dimensional (3-D) local positioning system with accuracy in the centimeter regime. A novel frequency modulated continuous wave (FMCW) radar principle is employed and co-designed together with common WLAN systems operating around 5 GHz. At 140 MHz bandwidth, measurements demonstrate excellent positioning accuracies of better than 4 cm in an anechoic chamber, and 18 cm in a conference hall with strong multipath and area of 800 m". Because of the high positioning accuracy, real-time ability, and robustness against multipath effects and fading, the system is very well suited for smart factories, robotics, interactive guiding, object tracking and augmented reality.