diff --git a/deploy/operator-deployment.yaml b/deploy/operator-deployment.yaml
index be15105..e3047fc 100644
--- a/deploy/operator-deployment.yaml
+++ b/deploy/operator-deployment.yaml
@@ -39,7 +39,7 @@
       serviceAccountName: camel-k-operator
       containers:
         - name: camel-k-operator
-          image: docker.io/apache/camel-k:1.1.1-SNAPSHOT
+          image: docker.io/apache/camel-k:1.1.1
           command:
           - kamel
           - operator
diff --git a/deploy/resources.go b/deploy/resources.go
index 37f86bc..ea549fd 100644
--- a/deploy/resources.go
+++ b/deploy/resources.go
@@ -147,9 +147,9 @@
 		"/operator-deployment.yaml": &vfsgen۰CompressedFileInfo{
 			name:             "operator-deployment.yaml",
 			modTime:          time.Time{},
-			uncompressedSize: 2148,
+			uncompressedSize: 2139,
 
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+			compressedContent: []byte("\x1f\x8b\x08\x00\x00\x00\x00\x00\x00\xff\xbc\x54\x41\x6f\xe3\x36\x17\xbc\xeb\x57\x0c\xac\xcb\x2e\x10\xdb\x5f\xbe\xa3\x7a\x52\x13\x07\x2b\x34\x95\x0d\xcb\xdb\x60\x4f\xc5\x0b\xf5\x24\x11\xa1\x48\x95\xa4\xa2\xd5\xbf\x2f\x28\xdb\xb1\x9d\xcd\xa6\x3d\x04\xe5\xc9\x26\x87\xf3\x66\xde\x3c\x31\xc6\xfc\xe3\x56\x14\xe3\x5e\x0a\xd6\x8e\x4b\x78\x03\xdf\x30\xd2\x8e\x44\xc3\x28\x4c\xe5\x07\xb2\x8c\x3b\xd3\xeb\x92\xbc\x34\x1a\x9f\xd2\xe2\xee\x33\x7a\x5d\xb2\x85\xd1\x0c\x63\xd1\x1a\xcb\x51\x0c\x61\xb4\xb7\xf2\xb1\xf7\xc6\x42\xed\x09\x41\xb5\x65\x6e\x59\x7b\xb7\x00\x0a\xe6\x89\x3d\x5f\xef\xb2\x9b\x15\x2a\xa9\x18\xa5\x74\xfb\x4b\x5c\x62\x90\xbe\x89\x62\xf8\x46\x3a\x0c\xc6\x3e\xa1\x32\x16\x54\x96\x32\x14\x26\x05\xa9\x2b\x63\xdb\xbd\x0c\xcb\x35\xd9\x52\xea\x1a\xc2\x74\xa3\x95\x75\xe3\x61\x06\xcd\xd6\x35\xb2\x5b\x44\x31\x76\xc1\x46\x71\x77\x54\xe2\xf6\xb4\x53\x4d\x6f\xf0\xcd\xf4\x07\x0f\x67\x76\x0f\x5d\xb8\xc2\x1f\x6c\x5d\x28\xf2\xff\xc5\xff\xa2\x18\x9f\x02\x64\x76\x38\x9c\x7d\xfe\x05\xa3\xe9\xd1\xd2\x08\x6d\x3c\x7a\xc7\x67\xcc\xfc\x5d\x70\xe7\x21\x35\x84\x69\x3b\x25\x49\x0b\x3e\xd9\x7a\xa9\xb0\xc0\x24\x20\x70\x98\x47\x4f\x52\x83\x26\x1b\x30\xd5\x39\x0c\xe4\xa3\x38\x8a\x31\xad\xc6\xfb\x2e\x59\x2e\x87\x61\x58\xd0\x24\x77\x61\x6c\xbd\x3c\xba\x5b\xde\x67\x37\xab\xbc\x58\xcd\x27\xc9\x51\x8c\xaf\x5a\xb1\x73\xb0\xfc\x57\x2f\x2d\x97\x78\x1c\x41\x5d\xa7\xa4\xa0\x47\xc5\x50\x34\x84\xe0\xa6\x74\xa6\xd0\xa5\xc6\x60\xa5\x97\xba\xbe\x82\x3b\xa4\x1e\xc5\x17\xe9\x9c\xda\x75\x94\x27\xdd\x05\xc0\x68\x90\xc6\x2c\x2d\x90\x15\x33\xfc\x9a\x16\x59\x71\x15\xc5\x78\xc8\x76\x5f\xd6\x5f\x77\x78\x48\xb7\xdb\x34\xdf\x65\xab\x02\xeb\x2d\x6e\xd6\xf9\x6d\xb6\xcb\xd6\x79\x81\xf5\x1d\xd2\xfc\x1b\x7e\xcb\xf2\xdb\x2b\xb0\xf4\x0d\x5b\xf0\xf7\xce\x06\xfd\xc6\x42\x86\x46\x72\x19\x32\x3d\x0e\xd0\x51\x40\x98\x8f\xf0\xdf\x75\x2c\x64\x25\x05\x14\xe9\xba\xa7\x9a\x51\x9b\x67\xb6\x3a\x8c\x47\xc7\xb6\x95\x2e\xc4\xe9\x40\xba\x8c\x62\x28\xd9\x4a\x3f\x4d\x91\xfb\xd1\x54\x28\xf3\x91\xdf\x56\x44\x9d\x3c\x8c\x53\x12\x12\x70\xcb\xe7\xeb\xe8\x49\xea\x32\xc1\x2d\x77\xca\x8c\xe1\xe3\x88\x5a\xf6\x54\x92\xa7\x24\x02\x34\xb5\x9c\x40\x50\xcb\x6a\xfe\x34\x37\x1d\x5b\xf2\xc6\x46\x80\xa2\x47\x56\x2e\x40\x10\x98\x12\xcc\x0e\xa0\xd9\xb4\x35\xfd\x39\x9f\x8d\x30\x82\x46\xb3\xf6\x09\x5e\x58\x42\xa7\x02\x83\xe5\x69\x16\x5c\x82\xeb\x08\x70\xde\x92\xe7\x7a\xdc\x73\xfb\xb1\xe3\x04\x5b\x16\x96\xc9\x73\x38\x66\xc5\xc2\x1b\xbb\x3f\x6e\xc9\x8b\xe6\xfe\x4c\xcb\x3b\x92\x3d\xb7\x9d\x22\xcf\x87\x9b\x67\x2e\xc3\x52\x17\x24\xef\xd0\xec\xd7\xbf\x32\x78\x04\xbf\xd1\xa0\xa3\xf7\xe9\x37\xdb\x67\x29\x38\x15\xc2\xf4\xda\xe7\xef\x15\x0e\xcf\x1a\xc9\xf0\xb2\x9c\x94\xce\xff\x49\x2b\x20\x5b\xaa\x39\x41\x69\xc4\x13\xdb\x85\x34\xcb\xbd\xf0\xe5\xe1\x4a\x72\xbd\xb8\x5e\x5c\x9f\xe1\x85\x69\x5b\xd2\x65\x72\xb6\x35\xc7\x53\x00\x5f\xec\xfc\xac\xd2\xa6\x57\x6a\x63\x94\x14\x63\x82\xac\xca\x8d\xdf\x58\x76\x61\xb4\x4e\x38\xd6\xcf\xe7\xec\x27\x17\x0f\xe9\xee\xe6\xcb\x9f\x79\xfa\xfb\xaa\xd8\xa4\x37\xab\x0b\x0c\xf0\x4c\xaa\xe7\x3b\x6b\xda\xe4\xd5\x01\x50\x49\x56\xe5\x96\xab\x1f\x4f\x0e\x67\x1b\xf2\x4d\xf2\x92\xfb\x22\x94\x73\x1d\x09\x7e\x53\xc6\x7a\xb3\xda\xa6\xbb\xf5\x76\x52\xf2\x96\x88\xd7\x81\xbe\x26\xd8\xac\x6f\x7f\x7a\xf7\xe3\x0c\x5c\x40\x63\xbc\xb4\x2d\x3c\x87\xa4\x06\x1a\xdd\xf4\x9e\x1c\x83\xc2\x8b\xe9\x2b\x48\x5d\x72\xc7\xba\x64\xed\xd5\x88\xca\x9a\xf6\xdd\xde\x1f\x7d\xfd\xa7\xc9\xfc\x1d\x00\x00\xff\xff\xac\x54\x95\xf1\x5b\x08\x00\x00"),
 		},
 		"/operator-role-binding-events.yaml": &vfsgen۰CompressedFileInfo{
 			name:             "operator-role-binding-events.yaml",
diff --git a/go.mod b/go.mod
index 7733378..2930703 100644
--- a/go.mod
+++ b/go.mod
@@ -4,8 +4,8 @@
 
 require (
 	github.com/Masterminds/semver v1.5.0
-	github.com/apache/camel-k/pkg/apis/camel v1.1.0
-	github.com/apache/camel-k/pkg/client/camel v1.1.0
+	github.com/apache/camel-k/pkg/apis/camel v1.1.1
+	github.com/apache/camel-k/pkg/client/camel v1.1.1
 	github.com/container-tools/spectrum v0.3.2
 	github.com/coreos/prometheus-operator v0.38.1-0.20200424145508-7e176fda06cc
 	github.com/evanphx/json-patch v4.5.0+incompatible
diff --git a/helm/camel-k/Chart.yaml b/helm/camel-k/Chart.yaml
index c7aac3e..23cafbf 100644
--- a/helm/camel-k/Chart.yaml
+++ b/helm/camel-k/Chart.yaml
@@ -35,7 +35,7 @@
 
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application.
-appVersion: 1.1.1-SNAPSHOT
+appVersion: 1.1.1
 
 icon: https://github.com/apache/camel/raw/master/docs/img/logo64-d.png
 home: https://camel.apache.org/camel-k/latest/
diff --git a/helm/camel-k/values.yaml b/helm/camel-k/values.yaml
index a3b2acb..c453ecf 100644
--- a/helm/camel-k/values.yaml
+++ b/helm/camel-k/values.yaml
@@ -23,7 +23,7 @@
 fullnameOverride: ""
 
 operator:
-  image: docker.io/apache/camel-k:1.1.1-SNAPSHOT
+  image: docker.io/apache/camel-k:1.1.1
 
 platform:
   build:
diff --git a/pkg/client/camel/go.mod b/pkg/client/camel/go.mod
index f02023e..bfcb191 100644
--- a/pkg/client/camel/go.mod
+++ b/pkg/client/camel/go.mod
@@ -3,7 +3,7 @@
 go 1.13
 
 require (
-	github.com/apache/camel-k/pkg/apis/camel v1.1.0
+	github.com/apache/camel-k/pkg/apis/camel v1.1.1
 	k8s.io/apimachinery v0.18.2
 	k8s.io/client-go v0.18.2
 )
diff --git a/pkg/util/defaults/defaults.go b/pkg/util/defaults/defaults.go
index 6015ac3..8b2aa03 100644
--- a/pkg/util/defaults/defaults.go
+++ b/pkg/util/defaults/defaults.go
@@ -23,7 +23,7 @@
 
 const (
 	// Version --
-	Version = "1.1.1-SNAPSHOT"
+	Version = "1.1.1"
 
 	// DefaultRuntimeVersion --
 	DefaultRuntimeVersion = "1.4.1"
diff --git a/script/Makefile b/script/Makefile
index 82bad6b..d79207c 100644
--- a/script/Makefile
+++ b/script/Makefile
@@ -14,7 +14,7 @@
 # limitations under the License.
 
 VERSIONFILE := pkg/util/defaults/defaults.go
-VERSION := 1.1.1-SNAPSHOT
+VERSION := 1.1.1
 LAST_RELEASED_VERSION := 1.1.0
 RUNTIME_VERSION := 1.4.1
 BUILDAH_VERSION := 1.14.0