This bug has been fixed in Release 14 Service Pack 2 (R14SP2). For previous releases, please read below for any possible workarounds:
This error is caused by an incompatibility between the compiled application version and the version of the runtime libraries. To work around this, you must always use the same version of the MATLAB Component Runtime (MCR) as the version of the MATLAB Compiler used to generate the stand-alone application.
For example, if you compile with MATLAB Compiler 4.1.1 (R14SP1+), you must install the same version of the MATLAB Component Runtime on the target machine in order to run the application.
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