Windows 7: ielowuti.exe process

What is ielowuti.exe and why is it running?
Any idea?

This Ielowutil.exe program is part of your Internet Explorer browser from Microsoft. You will often see this in your computer's task list. This file is considered safe and is not virus or spyware related.

Have a look at this link.
We know IE! : What does ielowutil.exe have to do with Internet Explorer 8.0?

This may help. I too have the files on my system, but they are currently not running.
We know IE! : What does ielowutil.exe have to do with Internet Explorer 8.0?

It's maybe safe but I am facing a totally wired issue with this process. For some reason it keeps an handle to the the directory where my application is running and as long as it is up and running I cannot remove the folder on uninstall.
Again: I am using an application (exe) which in turn call IEGetProtectedModeCookie() function. This function-call create an instance of ielowutil.exe! If my application is closed the ielowutil is NOT quitting.
So if the user wants to do uninstall, the main application folder cannot be removed because the ielowutils keeps an handle to there.
WHY?
Anyone?
I know I can terminate ielowutil.exe but I am looking for more graceful ways to take it down or at least ask it to free the handle to my app dir.

Hello there. Please see the last post date
03-14-2010

Don't you think it's old thread?

So?....If this issue still bother people - what difference does it make? I didn't find any answers upon this problem on the web - and this thread was one of the links I found...