diff --git a/CHANGELOG.md b/CHANGELOG.md
index 11cdd67..a66d914 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,13 @@ All notable changes to this project will be documented in this file.
 
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/).
 
+## [1.0.0] (2024-07-21)
+[1.0.0]: https://github.com/vast-data/vastdb_sdk/compare/v0.1.11...v1.0.0
+
+## Added
+ - Add CLA (`CONTRIBUTING.md`)
+ - Support setting HTTP timeouts
+
 ## [0.1.11] (2024-07-17)
 [0.1.11]: https://github.com/vast-data/vastdb_sdk/compare/v0.1.10...v0.1.11
 
diff --git a/README.md b/README.md
index 0a4e128..c870029 100644
--- a/README.md
+++ b/README.md
@@ -2,8 +2,6 @@
 
 # VAST DB Python SDK
 
-🚧 Please note that this package in a pre-release stage. Until version 1.x is officially released, the API should be considered unstable.
-
 ## Introduction
 
 `vastdb` is a Python-based SDK designed for interacting with [VAST Database](https://vastdata.com/database) & [VAST Catalog](https://vastdata.com/blog/vast-catalog-treat-your-file-system-like-a-database), enabling schema and table management, efficient ingest, query and modification of columnar data. For more details, see [our whitepaper](https://vastdata.com/whitepaper/#TheVASTDataBase).
diff --git a/setup.py b/setup.py
index 587ae4d..c324c87 100644
--- a/setup.py
+++ b/setup.py
@@ -29,7 +29,7 @@ def _get_version_suffix():
     name='vastdb',
     python_requires='>=3.9.0',
     description='VAST Data SDK',
-    version='0.1.11' + suffix,
+    version='1.0.0' + suffix,
     url='https://github.com/vast-data/vastdb_sdk',
     author='VAST DATA',
     author_email='hello@vastdata.com',
@@ -39,7 +39,7 @@ def _get_version_suffix():
     long_description=long_description,
     long_description_content_type='text/markdown',
     classifiers=[
-        'Development Status :: 4 - Beta',
+        'Development Status :: 5 - Production/Stable',
         'License :: OSI Approved :: Apache Software License',
         'Programming Language :: Python :: 3',
         'Programming Language :: Python :: 3.9',