This error occurs in versions earlier than 2.04. There are two ways of resolving this:
1 - Update to the latest version (which would prompt to install VC Redistributable 2015 (x64))
2 - Manually install VC Redistributable 2015 (x64) version from the following website: https://www.microsoft.com/en-pk/download/details.aspx?id=48145
Tags: SUITE, Error, Assimp Exception Loading Library, Update, Redistributable
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