TRIP is a TRIgger Processor module.
It takes incoming triggers and repeats them - you can think of it as a delay module for triggers. The delay time and the number of repeats can be set with a knob and additionally be CV controlled. Beyond of static delay, the delays of one input trigger can be accelerated or decelerated, leading to the rhythm of a bouncing ball. In another mode, the probability of the output triggers can be chosen.
Different output modes change the assignment of the delays to the eight outputs; either, all delayed triggers for one input trigger are on one output, or the delays go through the outputs 1...8. By this, complex events can be triggered.
Finally, the acceleration and the gate time can be CV controlled as well.
The module is "polyphonic" in a sense, that consecutive triggers at the input don't stop currently running trigger outputs from a previous trigger, but mixing them all. Together with variable delay times and acceleration, highly complex trigger patterns can appear on each of the eight outputs.
You can find more information about this module on the AE Modular Wiki.
(Price without VAT; for buyers inside the EU 19% VAT will be added to the shown price = 51,17€)