diff --git a/setup.py b/setup.py
index cc671f3e..9db1acbb 100644
--- a/setup.py
+++ b/setup.py
@@ -22,7 +22,7 @@
 
 setup(
     name='prog_models',
-    version='1.5.0-pre',
+    version='1.5.0',
     description='The NASA Prognostic Model Package is a python modeling framework focused on defining and building models for prognostics (computation of remaining useful life) of engineering systems, and provides a set of prognostics models for select components developed within this framework, suitable for use in prognostics applications for these components.',
     long_description=long_description,
     long_description_content_type='text/markdown',
diff --git a/src/prog_models/__init__.py b/src/prog_models/__init__.py
index 24e9e158..34557cf7 100644
--- a/src/prog_models/__init__.py
+++ b/src/prog_models/__init__.py
@@ -7,4 +7,4 @@
 from prog_models.composite_model import CompositeModel
 from prog_models.linear_model import LinearModel
 
-__version__ = '1.5.0.pre'
+__version__ = '1.5.0'