Hi HM Yoong,
Thank you for your interest in NXP Semiconductor products and for the opportunity to serve you.
In my opinion, I don't think the LabTool can achieve the implementation, as the LabTtool hasn't provide the UART interface to connect the WiFi module likes the ESP8266.
And it's not necessary to add an external SDRAM when sampled data is transferred to WiFI module periodically.
Hope it helps.
Have a great day,
Ping
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