4 terminal sensing isn't unique to Hypsos or Ferrum, it's a method of measuring electrical impedance. It's also called 4 wire sensing. How exactly Ferrum is using it with their 4 prong cable I do not know.
From White-paper-Ferrum-HYPSOS
4T Remote Sensing
If we want our power supply to maintain its output voltage over wide range of
currents, we need some sort of negative feedback. This feedback measures
voltage on the output of the power supply and adjusts the voltage which is
steering the output section to keep the voltage on the output steady. Now comes
the main problem. Most of the power supplies measure the voltage directly on its
output, so it’s able to precisely set the voltage on its output before the cable, not
on the other side of it! If the cable has its own resistance, the voltage on the other
side of the cable will not be regulated precisely. Let’s assume, that our cable has
50mOhms of resistance and current flowing through it is changing from 0.5A to 1A.
This scenario is quite possible in most DAC’s. The voltage on the one wire of the
cable changes from 25mV to 50mV, but it is only voltage drop on the one wire.
The full path consists of two wires, because we need to give a way for returning
current. Therefore, the full voltage drop on the cable changes from 50mV to
100mV. This is a significant difference, and this disturbance will appear on the
supplied load. For this reason, in HYPSOS we are using remote sensing, which
is basically a Kelvin connection. This incorporates four wires, two for delivering
current to the load and another two for measuring voltage directly on the load.
This gives us an opportunity to get away with cable resistance, because now
we are measuring voltage directly on the load, so the power supply stabilises
the voltage on the load and compensates for the drop on the cable resistance.
Now the voltage difference on the load depends mainly on the gain of the error
amplifier of the power supply. If it has enough gain, the voltage drop difference
between 0.5A and 1A current drawn form the supply can be lower than 10mV.