A couple of days ago, Microsoft released Windows 7 Service Pack 1. We here at Radica Software naturally, updated to the new service pack. Once updated, when we recompiled our codes, we find that there is a bug in this service pack (http://support.microsoft.com/kb/2517589) that caused Electra to generate Error 430.
We have since reverted to an earlier release and is working overtime to remedy this issue. If you downloaded Electra in the last week or so, and generated error 430 when you run Electra, please download again and you should be good to go.
We will issue a remedy and update accordingly. My sincere apologies for the inconvenience.