The term 'new-object' is not recognized as the name of a cmdlet, function, script file, or operable program.

Message: The term 'new-object' is not recognized as the name of a cmdlet, function, script file, or operable program. Check the spelling of the name, or if a path was included, verify that the path is correct and try again.

Source: System.Management.Automation

StackTrace:    at System.Management.Automation.CommandDiscovery.LookupCommandInfo(String commandName, CommandTypes commandTypes, SearchResolutionOptions searchResolutionOptions, CommandOrigin commandOrigin, ExecutionContext context)
   at System.Management.Automation.CommandDiscovery.LookupCommandProcessor(String commandName, CommandOrigin commandOrigin, Nullable`1 useLocalScope)
   at System.Management.Automation.ExecutionContext.CreateCommand(String command, Boolean dotSource)
   at System.Management.Automation.PipelineOps.AddCommand(PipelineProcessor pipe, CommandParameterInternal[] commandElements, CommandBaseAst commandBaseAst, CommandRedirection[] redirections, ExecutionContext context)
   at System.Management.Automation.PipelineOps.InvokePipeline(Object input, Boolean ignoreInput, CommandParameterInternal[][] pipeElements, CommandBaseAst[] pipeElementAsts, CommandRedirection[][] commandRedirections, FunctionContext funcContext)
   at System.Management.Automation.Interpreter.ActionCallInstruction`6.Run(InterpretedFrame frame)
   at System.Management.Automation.Interpreter.EnterTryCatchFinallyInstruction.Run(InterpretedFrame frame)
   at System.Management.Automation.Interpreter.EnterTryCatchFinallyInstruction.Run(InterpretedFrame frame)

Here is the script I am running:

param([string]$endpoint)
$ErrorActionPreference = "Stop";
try
{
 [System.Reflection.Assembly]::LoadFile("D:\dotNET_Apps\dotNETCOExBatch\DotNETCOExBatch\bin\DotNETCOExBatch.dll")
 $schedule = new-object DotNETCOExBatch.CallService
 $reply = $schedule.CallWebService($endpoint)
 if ($reply)
 {
  $host.setshouldexit(0)
 }
 else
 {
  $host.setshouldexit(8)
 }
}
Catch
{
 $nl = [Environment]::NewLine
 $evt=new-object System.Diagnostics.EventLog("Application")
 $evt.Source="BatchPowerShell"
 $infoevent=[System.Diagnostics.EventLogEntryType]::Error
 $batchException = $_.Exception
 $logMessage = " "  
 while ($batchException)
 {
  $exMessage = $batchException.Message
  $exStackTrace = $batchException.StackTrace
  $exSource = $batchException.Source
  $logMessage += "$nl $nl Message: $exMessage $nl $nl Source: $exSource $nl $nl StackTrace: $exStackTrace" 
  $batchException = $batchException.InnerException 
 }
 $evt.WriteEntry(" Error starting or process cancellation of $endpoint $logMessage",$infoevent)
 $host.setshouldexit(15)
}