***UPDATE***
I was capable of finally updating the FALSASMP midplane by performing updates on the BIOS via bootable media into FreeDOS. Once the BIOS updates completed, I downloaded brand new firmware for the midplane (Version 1.33) and it still is in IT mode. So my conclusion may be that I have to purchase a RAK (Raid Activation Key) and an AXXMINIDIMM? If anyone knows, that would be great. I guess as of now I am going to try to flash version 1.20 on the midplane and perform tests from there.