So I can confirm that the firmware did update, see the pictures, also, since Thermal cut off was confirmed to be 170 deg, the cold extrusion prevention came up when the temperature reached 169. something. So There is definitely something going on here. Unfortunately, the screen capture for the temperature graph didn't work as expected, I had set 4 minute snap intervals which meant that at the moment when the temperature dropped, I wasn't able to capture the detailed temp curve.
It is likely this error comes from a PSU power supply issue, you can see the bed temp was 56 at the time as well.
[Capture.PNG] - In the third row, shows firmware version 1.1.1_B
[Capture2.PNG] - Print log section showing the first occurrence of the Low extrusion temperature error with temperature readout just above it.