Twelve South says its Compass Mobile Stand works just fine with the iPad 2, which goes on sale tomorrow.

Compass is an US$39.99 compact folding stand that’s compatible with both the original iPad and the new iPad 2. Standing upright as an easel, Compass displays the Apple tablet in both portrait and landscape positions.

Work mode holds the iPad 2 at an angle for typing. In addition to retail Apple Stores, Compass is available at the Apple Online Store (http://www.apple.com) as well as the Twelve South web site (http://www.twelvesouth.com).