diff --git a/meson.build b/meson.build
index d66723f..d427d78 100644
--- a/meson.build
+++ b/meson.build
@@ -13,7 +13,7 @@
 #  limitations under the License.
 
 project('lc3', 'c',
-	version: '0.1',
+	version: '1.0.1',
 	license: 'Apache-2.0',
 	meson_version: '>= 0.47.0',
 	default_options: ['b_lto=true'])
diff --git a/src/meson.build b/src/meson.build
index bc3fdab..ed2e7ee 100644
--- a/src/meson.build
+++ b/src/meson.build
@@ -40,7 +40,6 @@ install_headers('../include/lc3.h', '../include/lc3_private.h')
 pkg_mod = import('pkgconfig')
 
 pkg_mod.generate(libraries : lc3lib,
-                 version : '1.0',
                  name : 'liblc3',
                  filebase : 'lc3',
                  description : 'LC3 codec library')
diff --git a/tools/meson.build b/tools/meson.build
index d6cdb84..96aa046 100644
--- a/tools/meson.build
+++ b/tools/meson.build
@@ -14,12 +14,18 @@
 
 inc = include_directories('../include')
 
-executable('elc3', ['elc3.c', 'lc3bin.c', 'wave.c'],
-    link_with : lc3lib,
-    include_directories: inc,
-    dependencies: m_dep)
+lc3toolslib = static_library('lc3toolslib',
+    ['lc3bin.c', 'wave.c'],
+    link_with: lc3lib,
+    dependencies: m_dep,
+)
 
-executable('dlc3', ['dlc3.c', 'lc3bin.c', 'wave.c'],
-    link_with : lc3lib,
+executable('elc3', ['elc3.c'],
+    link_with : lc3toolslib,
     include_directories: inc,
-    dependencies: m_dep)
+    install: true)
+
+executable('dlc3', ['dlc3.c'],
+    link_with : lc3toolslib,
+    include_directories: inc,
+    install: true)