diff --git a/setup.py b/setup.py
index b778ce0a1..3e4a44837 100644
--- a/setup.py
+++ b/setup.py
@@ -138,7 +138,7 @@ def deps_list(*pkgs):
 
 setup(
     name="adapters",
-    version="1.0.0",
+    version="1.0.1",
     author="The AdapterHub team and community contributors",
     author_email="calpt@mail.de",
     description="A Unified Library for Parameter-Efficient and Modular Transfer Learning",
@@ -154,7 +154,7 @@ def deps_list(*pkgs):
     python_requires=">=3.8.0",
     install_requires=install_requires,
     classifiers=[
-        "Development Status :: 4 - Beta",
+        "Development Status :: 5 - Production/Stable",
         "Intended Audience :: Developers",
         "Intended Audience :: Education",
         "Intended Audience :: Science/Research",
diff --git a/src/adapters/__init__.py b/src/adapters/__init__.py
index 6cb5b4edf..d64211495 100644
--- a/src/adapters/__init__.py
+++ b/src/adapters/__init__.py
@@ -16,7 +16,7 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.0.0"
+__version__ = "1.0.1"
 
 from typing import TYPE_CHECKING