This project displays the current time and temperature using an Arduino board, LM35 temperature sensor, and DS1307 RTC module. The LM35 and DS1307 are connected to analog pins on the Arduino, which uses its onboard ADC to read the analog voltage values and display the converted time and temperature readings on an LCD screen. The key components required are the Arduino, sensors, LCD, and supporting electronics. The document provides details on how each component functions and how they interconnect and cooperate to continuously display the time and surrounding temperature.