You may also consider creating an IPS exception Rule in the "Apiex.ini" file in Blink.
Navigate to: C:\Program Files\eEye Digital Security\Blink\Config and then double click on the "apiex.ini" file to open it...use Wordpad for this. The whole upper portion of the file is a description of how to make exclusion changes and it gives you examples of how to do it.
I had to create one of these for Cyberlink's PowerDVD8 because Blink's Application Protection engine (aka "Kevlar") did not like some of the kernel calls it was making when it started up. So in my case, my rule that I added at the very end of the apiex.ini file was:
PowerDVD8.exe;;Kevlar;0
I would first try to exclude the executable file for your program in the same manner, except you enter IPS in yours instead of the Kevlar I have in mine above.
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For the time being this will probably be a temporary fix until eEye can address your issue. Hopefully the debugging logs that you send them can assist with this.