This report presents the initial results from the Assist project at Mälardalen University, funded by the ABB Software Research Grant Program. The project aims to bridge the gap between recent academic research achievements in the area of control- and model based development of embedded systems, and concrete industrial needs and state of practice in this domain. Concretely, the focus of the project is to investigate how novel timing analysis and code synthesis techniques developed in the context of ProCom, an academic component model for embedded systems, can be extended and adapted in order to be applicable to IEC 61499.