The nozzle serration is supposed to promote mixing between hot engine exhaust and the cooler ambient air. This reduces the amount of plume emmission coming from the engine. The aerosol takes the game bit further by "actively" cools the exhaust down to the point where its temperature would emit wavelength which be one strongly absorbed by ambient air.
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For example. In 10000 meter altitude. If one desires to reduce the detectability of the engine or other infra red emmission he has to "cool" the emmission to the wavelength which have 0 transmittance. Means that the infra red energy emitted on that wavelength would be strongly absorbed by atmosphere. As seen at above chart from MODTRAN web app. One would wish to cool its engine emmission to about 6 micron wavelength or 9 micron or down to 14 micron. These wavelengths correspond to temperatures of 756, 595 and 480 Degrees Celcius. Typical Jet engine exhaust temperature is about 900 K or about 1173 Degrees Celcius.