diff --git a/setup.cfg b/setup.cfg
index 25c7094..3819aea 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -28,7 +28,7 @@ project_urls =
 license = Apache-2.0
 platforms = any
 classifiers =
-    Development Status :: 4 - Beta
+    Development Status :: 5 - Production/Stable
     Intended Audience :: Developers
     License :: OSI Approved :: Apache Software License
     Operating System :: OS Independent
diff --git a/src/dynatrace/opentelemetry/metrics/export/__init__.py b/src/dynatrace/opentelemetry/metrics/export/__init__.py
index d0beb9c..03c9326 100644
--- a/src/dynatrace/opentelemetry/metrics/export/__init__.py
+++ b/src/dynatrace/opentelemetry/metrics/export/__init__.py
@@ -22,7 +22,7 @@
     MetricReader,
 )
 
-VERSION = "0.3.0"
+VERSION = "1.0.0"
 
 
 def configure_dynatrace_metrics_export(