Here’s a new folding stand for your iPad, this time from Twelve South. The Compass allows you to keep the iPad in two different modes/positions. The ‘upright’ position will let you keep the device in either portrait or landscape mode, best meant for viewing something on the iPad, especially movies and videos. The ‘work’ position allows you to hold the iPad in a perfect angle for typing on the on-screen keyboard. Made with heavy gauge steel, the Compass is elegant in looks and blends really well with the iPad.

The folding-stand is also very portable and easy to carry around. “Folded flat, Compass is a mere 7-inches long by 1-inch wide, about the size of a candy bar. Small enough to carry anywhere and use anywhere you go.”

Price? $39.99

[source: twelvesouth.com]