diff --git a/README.md b/README.md
index e29bd8066..dee2b2928 100644
--- a/README.md
+++ b/README.md
@@ -27,13 +27,23 @@ The current feature list is as follows:
 - MATLAB interface to access qupulse functionality
 
 ## Installation
-qupulse is developed using Python 3.5 but should also run on previous 3.3+ versions.
+qupulse is available on [PyPi](https://pypi.org/project/qupulse/) and the latest release can be installed by executing:
+```
+pip3 install qupulse
+```
+qupulse version numbers follow the [Semantic Versioning](https://semver.org/) conventions.
 
-The package is installed by executing in the cloned repository root folder:
+Alternatively, the current development version of qupulse can be installed by executing in the cloned repository root folder: 
 ```
 pip3 install .
 ```
 
+qupulse is developed using Python 3.6 and tested on 3.4 - 3.6. It relies on some external Python packages as dependencies; 
+`requirements.txt` lists the versions of these qupulse is developed against and tested with. 
+We intentionally did not restrict versions of dependencies in the install scripts to not unnecessarily prevent usage of
+newer releases of dependencies that might be compatible. However, if qupulse does encounter problems with a particular dependency version,
+try installing the version listed in `requirements.txt`.   
+
 The backend for TaborAWGs requires packages that can be found [here](https://git.rwth-aachen.de/qutech/python-TaborDriver).
 
 The data acquisition backend for AlazarTech cards needs a package that unfortunately is not open source (yet). If you need it or have questions contact <simon.humpohl@rwth-aachen.de>.
diff --git a/ReleaseNotes.txt b/ReleaseNotes.txt
index 13bfe4948..9e450cec6 100644
--- a/ReleaseNotes.txt
+++ b/ReleaseNotes.txt
@@ -1,5 +1,7 @@
 ## pending/current ##
 
+## 0.2 ##
+
 - General:
 
     - officially removed support for Python 3.3 (qupulse and dependencies are not compatible anymore)
diff --git a/qupulse/__init__.py b/qupulse/__init__.py
index 769197250..8fd362739 100644
--- a/qupulse/__init__.py
+++ b/qupulse/__init__.py
@@ -1,5 +1,5 @@
 from qupulse.utils.types import MeasurementWindow, ChannelID
 from . import pulses
 
-__version__ = '0.1.2'
+__version__ = '0.2'
 __all__ = ["MeasurementWindow", "ChannelID", "pulses"]