Not able to simulate Imported FMU (3DX 2020x)

I would like to simulate an imported FMU within a manufacturing cell. I have correctly created and connected IOs in the I/O editor. However, I get error that the simulation object can not be initialized. Here is the snap shot of the error message and structure of the manufacturing cell.
I already checked the compiler, it is working (able to simulate robot program without FMU). Additionally, since I received this FMU from third party, I dont have an associated CB project.

please inform me what I am doing wrong or how to get this error solved.
Thanks in advance