diff --git a/pom.xml b/pom.xml
index 155c7211c..4a7b7de90 100755
--- a/pom.xml
+++ b/pom.xml
@@ -70,7 +70,8 @@
         <version.sortpom.plugin>2.3.0</version.sortpom.plugin>
         <webeditor.version>4.0.0-SNAPSHOT</webeditor.version>
         <wso2.tomcat.version>7.0.59.wso2v3</wso2.tomcat.version>
-        <mi.product.version>1.1.0-beta3</mi.product.version>
+        <mi.product.version>1.1.0-rc1</mi.product.version>
+        <mi.product.directory>1.1.0</mi.product.directory>
         <apache.maven.version>3.6.3</apache.maven.version>
         <apim.ctl.version>3.1.1</apim.ctl.version>
     </properties>
diff --git a/rcp-product/org.wso2.developerstudio.rcp.product/pom.xml b/rcp-product/org.wso2.developerstudio.rcp.product/pom.xml
index b724fc4a1..0a3af1bb4 100644
--- a/rcp-product/org.wso2.developerstudio.rcp.product/pom.xml
+++ b/rcp-product/org.wso2.developerstudio.rcp.product/pom.xml
@@ -244,7 +244,7 @@
                             <goal>exec</goal>
                         </goals>
                         <configuration>
-                            <commandlineArgs>${mi.product.version} ${apache.maven.version} ${apim.ctl.version}</commandlineArgs>
+                            <commandlineArgs>${mi.product.version} ${apache.maven.version} ${apim.ctl.version} ${mi.product.directory}</commandlineArgs>
                             <executable>${project.basedir}/scripts/installer-script-oxygen.sh</executable>
                         </configuration>
                     </execution>
diff --git a/rcp-product/org.wso2.developerstudio.rcp.product/scripts/installer-script-oxygen.sh b/rcp-product/org.wso2.developerstudio.rcp.product/scripts/installer-script-oxygen.sh
index e7544b90a..7b3a59284 100755
--- a/rcp-product/org.wso2.developerstudio.rcp.product/scripts/installer-script-oxygen.sh
+++ b/rcp-product/org.wso2.developerstudio.rcp.product/scripts/installer-script-oxygen.sh
@@ -3,6 +3,7 @@ BASE_DIR=$(pwd)
 PRODUCT_VERSION=$1
 APACHE_MAVEN_VERSION=$2
 APIM_CTL_VERSION=$3
+PRODUCT_DIRECTORY=$4
 
 echo BASE_DIR $BASE_DIR and PRODUCT_VERSION $PRODUCT_VERSION
 
@@ -71,11 +72,11 @@ unzip $PRODUCT_PATH_ROOT/wso2mi-${PRODUCT_VERSION}.zip -d $PRODUCT_PATH_WIN_86/r
 unzip $PRODUCT_PATH_ROOT/wso2mi-${PRODUCT_VERSION}.zip -d $PRODUCT_PATH_WIN_64/runtime
 
 # Rename as "microesb" (this is the static name used in EI Tooling code)
-mv $PRODUCT_PATH_LINUX_86/runtime/wso2mi-$PRODUCT_VERSION $PRODUCT_PATH_LINUX_86/runtime/microesb
-mv $PRODUCT_PATH_LINUX_64/runtime/wso2mi-$PRODUCT_VERSION $PRODUCT_PATH_LINUX_64/runtime/microesb
-mv $PRODUCT_PATH_MACOS/DeveloperStudio.app/Contents/Eclipse/runtime/wso2mi-$PRODUCT_VERSION $PRODUCT_PATH_MACOS/DeveloperStudio.app/Contents/Eclipse/runtime/microesb
-mv $PRODUCT_PATH_WIN_86/runtime/wso2mi-$PRODUCT_VERSION $PRODUCT_PATH_WIN_86/runtime/microesb
-mv $PRODUCT_PATH_WIN_64/runtime/wso2mi-$PRODUCT_VERSION $PRODUCT_PATH_WIN_64/runtime/microesb
+mv $PRODUCT_PATH_LINUX_86/runtime/wso2mi-$PRODUCT_DIRECTORY $PRODUCT_PATH_LINUX_86/runtime/microesb
+mv $PRODUCT_PATH_LINUX_64/runtime/wso2mi-$PRODUCT_DIRECTORY $PRODUCT_PATH_LINUX_64/runtime/microesb
+mv $PRODUCT_PATH_MACOS/DeveloperStudio.app/Contents/Eclipse/runtime/wso2mi-$PRODUCT_DIRECTORY $PRODUCT_PATH_MACOS/DeveloperStudio.app/Contents/Eclipse/runtime/microesb
+mv $PRODUCT_PATH_WIN_86/runtime/wso2mi-$PRODUCT_DIRECTORY $PRODUCT_PATH_WIN_86/runtime/microesb
+mv $PRODUCT_PATH_WIN_64/runtime/wso2mi-$PRODUCT_DIRECTORY $PRODUCT_PATH_WIN_64/runtime/microesb
 
 # Unzip apche maven to relevant packages
 unzip $PRODUCT_PATH_ROOT/apache-maven-${APACHE_MAVEN_VERSION}-bin.zip -d $PRODUCT_PATH_LINUX_86/