Problem symptoms:

When older versions of .NET Framework were used, everything worked correctly, but after updating to .NET Framework 4.0, the component constructor started throwing the exception: NotSupportedException.

Such behavior is common for:

Instrumentation Widgets up to version 4.0

.NET ModelKit Suite line of products up to version 4.3

Reason:

One of the methods used in the licensing mechanism is not supported by .NET Framework 4.0.

Solution: