diff --git a/CMakeLists.txt b/CMakeLists.txt
index f242e084c..54c4f20f0 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -1,5 +1,5 @@
 cmake_minimum_required(VERSION 3.17 FATAL_ERROR)
-project(vt-tv)
+project(vt-tv VERSION 1.5.0)
 
 # Try to find ccache to speed up compilation
 find_program(ccache_binary ccache)
diff --git a/setup.py b/setup.py
index f43097236..e5a472f0f 100644
--- a/setup.py
+++ b/setup.py
@@ -67,7 +67,7 @@ def build_extension(self, ext):
 
 setup(
   name='vttv',
-  version='0.0.1',
+  version='1.5.0',
   author='Pierre Pebay',
   author_email='pierre.pebay@ng-analytics.com',
   url='https://github.com/DARMA-tasking/vt-tv',