Hi,
To slightly rephrase what was said by Marsha:
> do you have to install Smartbear on all the model types and run on each model?
Yes, correct.
Nothing like a standalone executable can be created using TestComplete. TestComplete must be installed on the system where you are going to execute test code.
In order to save, you may consider TestExecute which is a runtime engine for TestComplete - the cost of its license is lower but it does provide neither development nor debugging means, only execution engine.
To be able to debug test code in an environment with a lot of TestExecute runners, it is usually not a bad idea to have one floating license for TestComplete, so you can start TestComplete on the required box and debug there.