Corona standalone crashes when run with -mtlPreview option.
For example
E:\Corona Standalone\2016-04-10>Corona_Release.exe -mtlPreview
License info:
Demo license active.
Activated until: 2016-07-18
0.3 100 100 test.png
<materialDefinition name="test"><material class="Native"><diffuse>0 0 0</diffuse></material></materialDefinition>
^Z
I use the latest Corona Renderer - Standalone, version: 1.4 DailyBuild Apr 10 2016