I checked the Motorrad Elektrik website, and it is stated, that it is dielectric grease, and continues to say that it is used for the ICU to prevent overheating .
So I got it wrong !!!
But to further complicate this thread, I went to the Radio Shack website, and came up with four products, silicone heat sink paste, super thermal grease, silicone heat sink grease, and silver thermal compound .
So my best guess is, if you renew whatever you apply, say once a year, it will probably work in most cases .