diff --git a/Makefile b/Makefile
index c711a68..f565634 100644
--- a/Makefile
+++ b/Makefile
@@ -2,8 +2,8 @@ TARGET = x50ng
 TARGET_ALLCAPS = X50NG
 
 VERSION_MAJOR = 1
-VERSION_MINOR = 4
-PATCHLEVEL = 1
+VERSION_MINOR = 5
+PATCHLEVEL = 0
 
 INSTALL_PREFIX = /usr/local
 INSTALL_BINARY_DIR = "$(INSTALL_PREFIX)"/bin