We developed a felt lined latch which covers the lens, protecting it from scratches and dirt when not in use. Что такое felt lined latch? Как это перевести?

Because of the new shape of the ipad 2, not just any cover would work. We had to customise each of the cut-outs to provide the best possible access to all the functions. By contouring the cut-out for the sleep and volume control, we are able to offer easier access while not compromising on protection. A full cut-out on the speaker prevents muffling of the sounds the ipad makes, giving you the clarity you would expect from a naked iPad!

cut-outs to provide the best possible access?

contouring the cut-out for sleep and volume countrol?

Что в этом абзаце само слово cut-out значит?

Большое спасибо!

Т.е. обычная обитая войлоком (мягким материалом) защелкивающаяся коробка для линз.

Просто обитый мягким материалом футляр.

The first unique feature is the camera protection system. We developed a felt lined latch which covers the lens, protecting it from scratches and dirt when not in use. When the camera is required, flip open the latch, fold back, and use as normal. When finished, close using the secure fastening system to protect and cover your lens. Simple.