The V1-M uses the HUI Protocol to communicate with Pro Tools, (not EUCON).
You should disable (untick) the EUCON option in the Pro Tools peripherals window to avoid any possible communication issues between the iCON V1-M and Pro Tools.
With Pro Tools open;
- Go to the SETUP menu and select PERIPHERALS
- Then click on the ETHERNET CONTROLLERS tab
- Untick the ENABLE EUCON box
- Click OK
Now your meter bridge should work fine.