Colored noise from A-118-2 through Next Phase phaser to Morgasmatron’s Low Pass Filter.
A-118-2’s Sample & Hold modulates Morgasmatron’s cutoff frequency.
Wave’s cycle adjusted by Next Phase’s LFO.
Final audio passes through Desmodus Versio reverb to Roland 531 output.

Modules used:
Doepfer A-118-2
AJH Synth Next Phase
Intellijel Morgasmatron
Noise Engineering Desmodus Versio
Roland SYSTEM-500 531


Very neat!