This iPad Smart Folio was released in Electric Orange along with the Generation 3, 11-inch iPad Pro. This folio was also compatible with the Generation 1 and 2 11-inch iPad Pro models. Apple describes the Smart Folio for iPad Pro:
“The Smart Folio for iPad Pro is thin and light and offers front and back protection for your device. It automatically wakes your iPad when opened and puts it to sleep when closed. The Smart Folio attaches magnetically, and you can easily fold it into different positions to create a stand for reading, viewing, typing, or making FaceTime calls.”
In addition to black and white, this version of the Smart Folio for iPad Pro was also available in English Lavender, Dark Navy, Mallard Green, and this color called Electric Orange.
Unlike previous Smart Cover models for iPad, this Smart Folio offers front and back protection using the iPad Pro internal magnets. The front cover folds to allow two different angles, and also folds with the magnets to allow a completely flat position.
Finally, since this iPad is compatible with the Apple Pencil Generation 2, the Smart Folio allows the Apple Pencil to magnetically attach to the side of the iPad for storage and charging.
Source: Apple