Mine was a very poorly written post. Kindly don't even try to make sense of it, and I'll try again,
What I was attempting, and completely failing, to get at, was that you see infrared radiation from an object, which is dependent on its emissivity. Lower the emissivity, the lower the detectable radiation. You can then lower the heat signature of an object for IR imaging by either cooling it down (i.e. extracting the heat energy and emanating it elsewhere, as with an air conditioning unit) or decreasing its emissivity. Which this system is doing, I don't know. However, it appears to function (from the very limited information at hand) by presenting IR detecting equipment with a signature based on that detected in the background and blocking or absorbing the infrared radiation emanating from the vehicle itself.
Since IR imagery is dependent on a camera detecting infrared radiation in the first place, it stands to reason that a component of this system may be something analogous to the technology used to stealth aircraft - except instead of reflecting radar in every direction except back at the detecting equipment, this tech would imply storing and emitting infrared radiation in every direction but that where a potential detector lies. Not being an engineer on the project, that's rampant speculation on my part.
Regardless, from the video we know the following:
1. The system utilizes camera-based technology allowing the panels to visually mimic the surroundings.
2. The camera allows the panels to mimic the amount of infrared radiation emitted, transmitted, or reflected in the background (and from the video, it appears to accomplish this by making the vehicle appear cooler than it is).
3. The panels appear to be able to rapidly and accurately change their properties for the purposes of IR detection.
In general, we also know:
1. Vehicles generate high amounts of heat, particularly military vehicles in specific locations.
2. There is widespread knowledge of materials whose temperature (and therefore IR emissions) change rapidly and accurately with changes in pressure, through systems powered by electricity; although most of these materials are gases.
3. IR emissions can be absorbed and stored to a point.
Speculation:
-The panels operate using electricity (hinted at in the video) to change their properties for IR emission.
-The panels appear to be made of a composite material which is capable of absorbing and retaining, while reducing transmission, of infrared radiation on the inside.
-The outside of the panels is capable of varying the rate at which it either retains or emits/transmits the IR generated by the vehicle and interior panel beneath it.
I do wonder if each hexagon works something like a miniature heat pump, capable of releasing heat on either side depending on the way it's powered. Eventually, the heat on the interior is going to get to a point where the system can no longer cope, but there's nothing to suggest this system is designed to function for extensive periods of time.
EDIT: Pause the video at 0:22. You can see the hexagons are actually comprised of two components, with a different material closer to the vehicle's hull. It's probably an insulator, while the exterior face is the piece that uses electricity to block or transmit heat from the insulator beneath that initially absorbs it.