For graded -algebras and , we construct a semigroup ${\cal AP}(A,B)\Psi(A,B)\Psi(A,B) \to {\cal AP}(A,B)B$ is stable. Furthermore, there is a natural semigroup homomorphism , where is the E-theory group. We denote the image of this map and prove both that is a group and that the composition product of E-theory specializes to a composition product on these subgroups. Our main result is a formula for the composition product on under certain operator-theoretic hypotheses about the asymptotic pairs being composed. This result is complementary to known results about the Kasparov product of unbounded KK-modules.

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