diff --git a/client/ayon_usd/version.py b/client/ayon_usd/version.py
index 244f10e..9e7e7ad 100644
--- a/client/ayon_usd/version.py
+++ b/client/ayon_usd/version.py
@@ -1,3 +1,3 @@
 # -*- coding: utf-8 -*-
 """Package declaring AYON addon 'usd' version."""
-__version__ = "0.1.0+dev"
+__version__ = "0.1.1"
diff --git a/package.py b/package.py
index 71f8f23..44ffa35 100644
--- a/package.py
+++ b/package.py
@@ -2,7 +2,7 @@
 
 name = "usd"
 title = "USD"
-version = "0.1.0+dev"
+version = "0.1.1"
 client_dir = "ayon_usd"
 
 services = {}