diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4f1fbed..50aa3f4 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,32 @@ Version History
 
 - Compatible with OSPRay release v3.2.0
 
+- Features and Improvements
+  - Add support for new OSPRay functionality:<br>
+    - Blue noise sampling enabled through setting `accumLimit`
+    - Tonemapper post-process adjustments without re-rendering
+    - OpenImageDenoise quality settings and denoise alpha channel through UI and
+      new command line parameters:
+      - "--denoiseQuality" {low, medium, high} sets the final frame quality
+      - "--denoiseAlpha" enables denoising the alpha channel
+    - Half-float texture format supported for EXR textures
+    - Support for new OSPRay param `limitIndirectLightSamples` optimization
+      which limits the number of light samples after the first non-specular
+     (i.e., diffuse and glossy) bounce to at most one.
+  - Added glTF importer support for EXT_mesh_gpu_instancing to allow loading of
+    highly instanced scenes.
+<br><br>
+
+- Cleanup and bug fixes:
+  - Fixes for glTF PBR materials:<br>
+    - normal channel, previously used default normal
+      that affects all layers, including coat.  Now baseNormal and coatNormal
+      are considered separately.
+    - `sheenColorTexture` parameter was not applied correctly
+    - Removed `thicknessTexture` from KHR_materials_volume to allow ray-depth
+      to determine thickness.
+  - Fix verify install condition to report ospInit errors correctly
+  - Update 3rd party dependencies
 
 ### Changes in OSPRay Studio v1.0.0
 
diff --git a/README.md b/README.md
index 4259d5b..3c647d0 100644
--- a/README.md
+++ b/README.md
@@ -1,6 +1,6 @@
 # OSPRay Studio
 
-This is release v1.1.0 (devel) of Intel® OSPRay Studio. It is released under the
+This is release v1.1.0 of Intel® OSPRay Studio. It is released under the
 Apache 2.0 license.
 
 Visit [**OSPRay Studio**](http://www.ospray.org/ospray_studio)
@@ -72,21 +72,21 @@ listed in OS-specific building process below.
 ### Required dependencies
 
 -   [CMake](https://www.cmake.org) (v3.15+) and any C++14 compiler
--   Intel [OSPRay](https://www.github.com/ospray/ospray) (v3.1.0) and its
+-   Intel [OSPRay](https://www.github.com/ospray/ospray) (v3.2.0) and its
     dependencies - OSPRay Studio builds on top of OSPRay. Instructions on
     building OSPRay are provided
     [here](http://www.ospray.org/downloads.html#building-and-finding-ospray).
     OSPRay and OSPRay Studio have the following common dependencies which Studio
     can hence leverage from an OSPRay build.
     -   Intel Rendering Toolkit common library
-        [rkcommon](https://www.github.com/ospray/rkcommon) (v1.13.0)
+        [rkcommon](https://www.github.com/ospray/rkcommon) (v1.14.0)
     -   Intel [Threading Building Blocks](https://www.threadingbuildingblocks.org/)
--   OpenGL and [GLFW](https://www.glfw.org) (v3.3.9) - for the windowing environment
+-   OpenGL and [GLFW](https://www.glfw.org) (v3.3.10) - for the windowing environment
 
 
 ### Optional Dependencies
 
--   Intel [Open Image Denoise](https://openimagedenoise.github.io) - (v2.2.0 or
+-   Intel [Open Image Denoise](https://openimagedenoise.github.io) - (v2.3.0 or
     newer) for denoising frames. To use with OSPRay Studio, OSPRay must be built
     with `-DBUILD_OIDN=ON` in CMake.
 -   [OpenVDB](https://www.openvdb.org/) to support loading VDB formatted volume files.