(If it represents a lowercase variable or specific technical notation).

Based on standard capitalization rules, the "proper text" formatting for depends on its context, generally resulting in:

(If it is a model number, part number, or serial code, it is best written in all-caps, as numbers are considered neutral and letters in codes are usually capitalized for clarity).

If you can tell me what this code is for (a product part, a software variable, etc.), I can give you the exact formatting standard. Convert Text to Proper Case - Online Text Tools

"Proper case" (or Title Case) typically capitalizes the first letter of each word and acts on text, not alphanumeric codes.