Griffin Technology (http://www.griffintechnology.com) has released the IntelliCase for iPad 2, a folio stand with automatic wake-up closure. It’s available in black and costs US$59.99.

The IntelliCase is a marriage of protective polycarbonate, to guard the back of your iPad 2, and flexible thermoplastic polyurethane, to protect your Multi-Touch display. Magnets in the cover trigger sleep sensors located inside the iPad 2 automatically waking the device when the case is opened and putting to sleep when the case is closed.

Not only does the flexible cover protect the screen of the iPad, it also can be folded in two positions. The upright workstand is great for watching videos and reading, or it can be laid down at a perfect incline that is conducive for typing, according to Mark Rowan, president of Griffin Technology.